More difficulties for first time homebuyers
In return for getting our (taxpayers) money to bale them out, the banks promised not to hoard their money, but to continue lending it to businesses and individuals who need it.
Of course the reality is very different to the promise. The latest ruse used by banks who want to avoid lending to first time buyers is to put pressure on the mortgage valuers they employ to undervalue the homes that buyers want to mortgage.
This means that first buyers must borrow extra, often at higher rates of interest. No wonder that the general public’s view of the banking industry is that it is run by pirates. Ironically, it is the pawnbroking industry that is seen as one of the safest, most reliable and readily available forms of personal finance around these days.
Although the APR or interest rate of a pawn loan might seem high, compared with a regular bank loan, overdraft, or credit card, a pawnbroker will never resort to dirty tricks such as punitive setup & admin fees, early settlement charges, late payment fees or default penalties. If you have been missold a loan that you can’t pay off, then once you add all of these hidden extras, together with the compound interest, it can turn out to be a lot more expensive than a pawn loan.
Also - once you have agreed an interest rate with a pawnbroker, that is it! A pawnbroker will never hike interest rates half-way through the loan period, regardless of what the Bank of England or the base interest rate is doing.
Because you secure a pawn loan with personal assets, such as gold, jewellery or watches, even if you decide not to extend or pay off your pawn loan, it will never lead to adverse credit ratings, debt collectors, court actions, bailiffs, asset seizures or repossessions. You always know exactly where you are with a pawn loan.
Borro.com, the world’s first online pawnbroker, offers £100 - £100,000 for 1 to 6 months (extendable by mutual agreement) against all forms of personal assets such as gold, jewellery, art, antiques or memorabilia.
Most of Borro’s customers pay off their loans and redeem their pledges, very happy with the modern, discreet, convenient, safe, fast and no-nonsense financial service which Borro offers to everyone – even if you have a bad credit rating.
Many of Borro’s customers become repeat customers, appreciating just how immediate and flexible a Borro loan really is.
Fast cash is easy cash at low rates with Borro.com. If you need money for gold, money for jewellery or a loan against diamonds, watches, art or antiques, check out Borro.com.
Whether you need a personal loan to buy your first house, a collateral loan in the form of an affordable, low interest rate loan is always readily available from Borro.com.
Football star pawn watch for £3,000
A top flight soccer star pawned a Breitling watch (estimated £3,000) to pay for a night out on the town with his friends.
The millionaire sportsman‚ who plays for a London premiership club‚ was apparently short of available cash for the extravagant night ahead.
So he used the online pawnbrokers to get a quick cash loan using his diamond-encrusted Breitling Crosswind timepiece.
The pawnbrokers said staff were amazed when they were contacted by the wealthy player.
Paul Aitken, boss of online pawnbrokers Borro.com, said today: “We were pretty surprised when we received the call.
“This gentleman is a well-known player for a top football club and earns thousands a week.”
“But he said he needed the cash for a big night out. We offer many pay day loans, but this is one is pretty unique.
“We were quickly able to arrange a short term loan which was paid into his bank account the same day.”
Mr Aitken refused to name the player, but confirmed he did not play for cash-strapped Portsmouth FC.
Borro.com returned the prized Breitling watch to the player after his monthly wages were paid and he was able to buy it back.
Pawnbrokers business up as recession hits
The mega-rich, used to a life of driving around in sports cars are feeling the credit crunch pinch‚ pawning designer watches, super cars and even aeroplanes to cope with the recession.
Online pawnbrokers Borro, revealed they have been offered the amazing haul of goodies by hard-up bankers, stockbrokers, premiership football stars and desperate property developers.
The products that Borro has raised short term loans against recently are two Ferraris, a Porsche, six Rolex watches, 5 Breitling watches‚ and the aeroplane. The super cars and watches are all stored at secure facilities during the short term loan period.
The Ferrari F430s are worth a total of £270,000 and were pawned by bankers who lost their jobs after the recession hit.
Car pawn is a growing business for Borro, and the pawnbrokers will happily value any car to give a short term loan against it. It’s the same with watches, whether they are Tag Heures, Breitlings or Rolex time pieces. If you would like to pawn an item just call our pawnbroking line.
Cash for Memorabilia
Need cash for memorabilia – but don’t want to part with it forever? Then you need a cash for memorabilia loan from Borro.com. Then, after you’ve sorted your cashflow, and paid back your loan, you get your memorabilia back.
You can arrange a cash for memorabilia loan from Borro.com from any location in the UK – online! Borro.com will arrange a fully insured courier to pick up your pledge – from London to Belfast, from Cardiff to Glasgow – or from any location in the UK.
Once your pledge has been verified, Borro.com will transfer your collateral loan electronically, directly into your bank account. The whole process often takes as little as 48 hours – whether you are located in Manchester, Birmingham, Leeds or Bristol.
A cash for memorabilia loan from Borro.com can range from £100 to £100,000 for between one and six months. You only pay between 4% and 6% interest per month (compare that with the 25% upwards per month charged by the typical UK pay day loan company). And if you want to settle early, you only pay interest for the period of time you actually use, and there are no hidden charges for early settlement.
Whether you live in Sheffield, Bradford, Liverpool or Kirklees - get a cash for memorabilia from Borro.com. More and more upmarket customers are deciding that pledging their personal valuables for loans is the smart thing to do – since the banks are becoming increasingly difficult to deal with! Your own sports or entertainment business souvenirs may be just the asset you need to get a cash for memorabilia loan from Borro.com.
And a cash for memorabilia loan from Borro.com is a no risk loan – no credit rating or debt collection agencies, no doorstep visitors, no court appearances, no bailiffs, no repossessions – even if you decide not to extend or pay off your cash for memorabilia loan after the six months is up. The worst that can happen is that your pledge is sold to pay off the loan, interest and expenses, and any surplus is returned to you straight away – whether you live in Fife, the Wirral, North Lanarkshire, Wakefield – or any other location across the UK.
A cash for memorabilia loan from Borro.com means that you are in control, and there is no risk of an uncontrollable debt spiral. Whether you’re from Stockport, Sefton, Nottingham, or Newcastle-upon-Tyne – it’s all the same to Borro.com.
Don’t Sell Jewellery at Low Prices - Pawn it Instead!
Borro.com, the world’s first online pawnbroker, has transformed the business of pawnbroking into a modern, discreet, convenient, safe and fast service. Many Borro loans are transferred within 48 hours of application.
Borro.com offers asset backed loans between £100 - £100,000 for 1 - 6 months (extendable by mutual agreement). The Borro valuation team is staffed by industry professionals with many years’ experience. The result is that Borro loan offers are second to none. Just compare them yourself with alternative offers you get on the high street.
Better still, don’t bother wearing out shoe leather looking for a reputable high street pawn broker. You can deal with Borro totally online, at home. It doesn’t matter if you have a bad credit rating, if you have appropriate collateral in the form of gold, jewellery, watches, gemstones, art or antiques, you will always get an asset-backed loan from Borro.com.
Getting a Borro loan never involves intrusive questions or frustrating delays. Borro.com is UK government regulated, and all Borro contracts are approved by the Office of Fair Trading, so you can be sure of every possible legal protection.
A Borro contract is totally straightforward and easy to understand. Borro never hikes interest rates during a loan period, and there are no hidden extras like setup and admin fees, early settlement charges, late payment fees, default penalties or other costs and interest.
Some types of loan which seem cheap at the outset can turn out to be much more expensive than a pawn loan, when you add in all the extras with interest. And, if they go wrong, the can lead to debt collectors, court actions, bailiffs, asset seizures and even repossessions – things that will never happen with a pawn loan, even if you decide not to extend or pay off the loan.
All goods are shipped to and fro by pre-paid, fully insured courier, and all loans are transferred electronically, directly into any UK bank account you wish to nominate.
For a cheap, no risk, secured loan, personal loan or collateral loan, visit online pawn shop, Borro.com, in order to get money for gold, cash for jewellery or a loan against watches.
Fast cash is easy cash at low rates with Borro.com. If you need an affordable, low interest rate loan, visit short term loan provider, Borro.com, today.
Sotheby’s sell diamonds at record prices
Thinking about how you can sell diamonds? One of the world’s rarest diamonds will be auctioned at Sotheby’s on May 12th 2009. A blue diamond weighing 7.03 carats is estimated to realize in the region of £3.9m to £5.7m. Most who sell diamonds can only dream of such an opportunity!
Mined from the famous Cullinan diamond mine in South Africa, last year it was cut from a 26.58-carat rough diamond, producing an internally flawless diamond coloured by the presence of boron. The successful buyer will also be given the opportunity to name the stone.
Sotheby’s, who routinely sell diamonds of the highest quality, expect it to fetch in excess of £5m. Despite the current financial climate, this will smash the current world record price per carat among those who sell diamonds at auctions, which stands at £900,000 for a 3.73 carat diamond sold in May 2008.
“Dealers who sell diamonds say rare diamond and gemstone prices have been steadily rising and auction houses have been selling investment grade gemstones at record sales” according to Reuters. In the current global crisis, those who are in a position to buy and sell diamonds, gemstones, gold and fine art, see these assets as more stable investments in the current global economic climate.
Rare assets, like historically significant art assets, possess stability due to their limited supply. This stability is what allows those who buy and sell diamonds and other rare items to leverage their increasing value as a hedge against economic and political cross currents.
As the gem, gold and fine art market holds, Borro.com provides the best possible secured lending rates for those who wish to pledge rather than sell diamonds. So, instead of thinking of how to sell diamonds, get a loan instead from Borro.com, and get your diamonds back when you have paid back the loan.
Don’t sell diamonds when you can avoid having to sell diamonds by getting a secured loan against diamonds from Borro.com.
Pounds until payday
If you want some money to tide you over until your next pay day, a Pay Day Loan might seem a good idea.
However, the interest you pay on a typical pay day loan might be as much as 25% per month, and could even be more. Your loan amount will typically be limited from £100 to £1,500, and you will have to pay it back within 14 - 31 days, otherwise late payment charges and default penalties may be added with compound interest. Ultimately, debt collectors, court actions, bailiffs and asset seizures could also result.
By way of contrast, a pawn loan is among the safest and most reliable forms of short term finance available. For example, Borro.com, the world’s first online pawnbroker, offers £100 - £100,000 for 1 – 6 months (extendable by mutual agreement) at interest rates of 4% - 6% per month.
A pawn loan can always be settled, one way or the other, without the lender having to resort to any of the nastier consequences described above, associated with defaulted pay day loans (as well as defaulted bank loans, overdrafts and credit card bills).
A pawn loan will never cost you more than you think. There are no punitive extras hidden in the small print, such as admin and setup charges, early settlement fees, late payment charges or default penalties. Also, pawn interest rates are never hiked in the middle of a loan period - unlike some other forms of secured loans.
All UK pawnbrokers are regulated by the UK government, and all UK pawn are approved by the Office of Fair Trading, so you can be sure of every possible legal protection.
Unlike pay day loans (and other forms of secured and unsecured loans), a pawn loan will never adversely affect your credit rating, even if you decide not to extend or pay off the loan. Also, you will not have to answer any intrusive questions or suffer frustrating delays when you apply for a pawn loan.
Borro.com, the world’s first online pawn shop, has thoroughly modernised the business of getting a pawn loan. Everything is done online, at home, so it’s all totally discreet, convenient and safe. All goods are shipped by pre-paid, fully insured courier, and all loans are transferred electronically, directly into any UK bank account you choose. It’s fast too! Many Borro loans are transferred within 48 hours of application.
If you need cash for your valuables, money for gold, or you want to raise a loan against diamonds, watches, art or antiques, visit Borro.com. Fast cash is easy cash at low rates with Borro.com.
If you need an affordable low interest rate loan, in the form of a personal loan or collateral loan, then, for a cheap, no risk loan, visit short term loan provider, Borro.com, today – or call us, free, on 0800 756 9877.
Pawnshops thrive in credit crunch
Should you be surprised? Not really! The greedy banks who gambled (and lost) all our money, only to beg us for more in order to bail them out, are now more intent on paying themselves huge bonuses than trying to help the real economy to get back on the track from which they so irresponsibly derailed us.
So, it’s not surprising that the pawnbroking industry is doing well - or that the image of the pawnbroking industry has strengthened so much in these difficult times.
In the past, pawnbrokers were sometimes viewed as rather shady, but these days, they are increasingly seen as the most reliable form of short term finance available. Pawnbrokers are also seeing more custom from a higher demographic profile.
Even high net worth individuals, who in past times would not consider using a pawnbroker, are leveraging their own, personal assets in order to get an asset-backed personal loan. This trend is increasing, as more and more people, throughout the social scale, get more and more fed up with useless, credit crunched banks.
Borro.com, the world’s first online pawnbroker, has transformed the business of negotiating a pawn loan into a modern, straightforward, discreet, convenient, safe and rapid service!
You can do it all at home, on your pc. All goods are shipped from and to any UK address by pre-paid, fully insured courier, and all loans are transferred electronically, directly into any UK bank account the borrower nominates - often within 48 hours of application.
What customers really appreciate is just how discreet the service is. No credit checks are necessary, no intrusive questions are asked, no income statements or property ownership qualifications are required, and there are no frustrating, bureaucratic delays.
If you have appropriate collateral, in the form of jewellery, gold, watches, art or antiques, you will always get a pawn loan from Borro - regardless of your credit rating.
For easy cash in the form of fast cash at low rates, check out Borro.com. Whether you are seeking a personal loan, small business loan, student loan, car loan, bridging loan or debt consolidation loan, if you have personal assets to pledge, you will always get an affordable, low interest rate loan at Borro.com.
If you need money for gold, cash for jewellery or a loan against watches, art or antiques, get online to Borro.com. Online pawn shop, Borro.com, offers secured loans from £100 - £100,000 for 1 - 6 months (extendable by mutual agreement) in the form of cheap, no risk collateral loans.
Short Term Loan with a Bad Credit Rating
People with bad credit ratings who need short term loans are most vulnerable, and they are often trapped into uncontrollable debt spirals.
They are prime targets for “alternative” lenders such as pay day loan companies and “doorstep” lenders, who frequently charge interest rates in the 100%s to 1,000%s per annum. Also, if things get out of control, the first thing they will do is call in debt collectors - or worse!
The high street banks and other traditional lenders are not much better. Mostly, they will ignore loan applications for those with bad credit ratings, while, over recent years, they have been increasingly responsible for creating situations where customers’ credit ratings have been adversely affected.
Missold loans occur when the lender provides loans that they know borrowers will not be able to pay back. Sharp practices such as hidden setup & admin fees, early settlement charges, late payment fees and default penalties, together with punitive levels of compound interest, can turn a seemingly cheap loan, overdraft or credit card bill into an uncontrollable monster!
So why do so many pundits include pawnbrokers in their criticism of “sharp practice” lenders? These days, a pawn loan is one of the safest and most readily available forms of short term finance.
A pawnbroker will never “missell” you a pawn loan. A pawnbroker will never saddle you with a debt that you can’t settle - one way of the other. A pawnbroker is not a shady, second hand goods dealer. On the contrary, a pawnbroker is a responsible provider of financial services who would much prefer to loan money out on clear and reasonable terms, and earn interest in return, than be forced into the hassle of disposing of an unredeemed pledge.
These statements are borne out by customer feedback. Many UK pawnbrokers report that in excess of 80% of pawn loans are either paid off, or extended by mutual agreement during the loan period – and that increasing numbers of first time customers are returning as repeat customers.
Dealing with a pawnbroker is so straightforward. All UK pawnbrokers are regulated by the UK government, and licensed by the Office of Fair Trading. There are no credit checks, intrusive questions or bureaucratic delays.
Because a pawnbroker holds your pledge as security, there is never any need for adverse credit ratings, debt collectors, court actions, bailiffs, asset seizures or repossessions - ever! Even if you decide not to extend or pay off your pawn loan, you will be given ample notice and every opportunity to redeem your pledge before it is sold - and if it is sold, any money left after settling the loan will be sent straight back to you.
Borro.com, the world’s first online pawnbroker, has transformed pawnbroking into a modern, discreet, convenient, safe - and fast service! Loans of £100 - £100,000 for 1 - 6 months (extendable by mutual agreement) at interest rates of 4% - 6% per month are frequently advanced within 48 hours of application.
With Borro.com, you do it all online, at home. All goods are shipped to and fro by prepaid, fully insured courier, and all loans are transferred electronically, directly into any UK bank account you choose.
Fast cash is easy cash at low rates with Borro.com, the world’s first online pawn shop. Getting an affordable, secured loan or collateral loan at low interest rates has never been easier. If you need a loan against gold, money for diamonds or cash for jewellery, get online to Borro.com.
If you wish to sell gold, sell diamonds, sell jewellery, sell watches, sell art or sell antiques, there may be a better alternative. Use them as collateral for an asset-backed loan from Borro.com. You will get a top-dollar loan offer, and when you have paid off your loan, you get your possessions back.
Choose your lender carefully
If you are seeking short term finance, you may never have considered a pawnbroker. So, let’s explain the benefits.
Today’s pawnbrokers offer the most straightforward and safest way of raising short term cash. All UK pawnbrokers are carefully regulated by the UK government and the Office of Fair Trading, so you can be sure of every possible legal protection.
Even in these credit crunch days, a pawn loan never involves a credit check of any sort. You will never be asked any intrusive questions by a pawnbroker, and there are never any frustrating, bureaucratic delays.
It is often said that pawnbrokers are expensive. Well, compare the 4% - 6% interest per month offered by leading UK short term loan provider, Borro.com with the typical pay day loan company. Borro.com is often 4 - 6 times cheaper!
“Aha!…” I hear you say, “…but a regular bank loan interest rate is cheaper than a pawn loan!” Well, it would be - if you could get one! Have you ever tried getting a £100 - £100,000 loan for 1 – 6 months (extendable by mutual agreement) within 48 hours or so from a bank - without the need for any credit checks?
So, tell me - what’s more expensive? A Borro loan which costs you 4% - 6% per month, and which solves your short term cash flow problem? Or a refused loan application from a bank, which leaves you in an ever deepening hole?
Also, if you’ve ever had a bank loan go wrong, you’ll know that it can end up being much more expensive – and painful – than a pawn loan. When compound interest is added to the small print extras such as setup and admin fees, early settlement charges, late payment fees and default penalties, things can easily get out of control, often resulting in adverse credit ratings, debt collectors, court actions, bailiffs, asset seizures and repossessions.
With a pawn loan, it is a legal certainty that you will never have to suffer any of these nasty consequences - ever! Even if you decide not to extend or pay off a pawn loan, you will be given ample notice and every opportunity to recover your pledge. However, if your pledge is ultimately sold to settle your loan, any money left over will be sent straight back to you.
Borro.com, the world’s first online pawnbroker, has revolutionized the business of raising short term finance through asset-backed loans. It’s all done online, at home. All goods are shipped from and to any UK address, and all loans are transferred electronically, directly into any UK bank account you choose.
If you need cash for jewellery, money for watches, a loan against gold or a cash advance against art or antiques, check out Borro.com. Leading short term loan provider and online pawn shop, Borro.com offers collateral loans at low rates of interest.
If you need fast cash or easy cash at low rates, whether it’s a personal loan, small business loan or bridging loan, a secured loan from Borro.com is always available if you have appropriate collateral - even if you have a bad credit rating.
For a cheap, no risk asset-backed loan, visit Borro.com, or call us, free, on 0800 756 9877.
