How the credit crunch is destroying our finances
Savings interest rates have crashed – and the interest can no longer be relied upon to provide an income. An alarming 47 per cent of savers have now admitted to using some of their savings , from 90 to 100 per cent of cash savings to 10 per cent of savings used up since the credit crunch began.
56 per cent of people in the survey said they wouldn’t save with a foreign company at all following the colapse of Icesave the Icelandic bank last year. Perhaps not surprisingly 20 per cent of people now think that saving cash in their house, under their beds or in a safe is actually better than using a bank!
If you need to borrow:
Despite government promises, the banks still aren’t lending. In contrast to the useless banks of the credit crunch, pawnbrokers are amongst the most reliable and readily available forms of lending. Pawnbrokers used to have an unfashionable image. Not any more.
Online pawnbrokers, Borro.com, offer £100 - £100,000 for 1-6 months, and often transfer loans within 48 hours of application. Borro.com is regulated by the UK government, and all Borro contracts are approved by the Office of Fair Trading, so you can be sure of every possible legal protection.
At 4% - 6% interest, Borro loans are very affordable, compared with, for example, the typical pay day loan company, who charge 25% upwards. Borro.com will never subject you to intrusive questioning or bureaucratic delays. And a Borro loan is a no risk loan. No credit checks, no debt collectors, no court actions, no bailiffs, no asset seizures, no repossessions – ever!
The worst that can happen is that your pledge is sold to pay off the loan, and any cash left over is sent straight back to you. Fast cash is easy cash with borro.com. If you need a secured loan, or personal loan at low rates of interest, you will always get a low interest rate loan from Borro if you have appropriate collateral to pledge. Online pawn shop, Borro.com, is the leading short term loan provider for cheap, collateral loans.
Get online to Borro.com. You can arrange everything, from home, on your pc.
