Pawnbrokers - The Stable Source of Personal Finance
Pawnbrokers - The Stable Source of Personal Finance
In the turmoil of the credit crunch, not only are credit card interest rates rocketing, but the cost of personal loans is also only going in one direction, and that’s upwards.
The Guardian reports that, in the recent past, fierce competition between lenders has seen interest rates for unsecured personal loans being pushed lower - so much so that the cheapest lenders are currently undercutting the rates offered by some mortgage lenders. But there are forecasts that this price-cutting for personal loans is about to come to an end and the next phase will see interest rates nudging higher.
So, it’s good to know that since its inception, Borro.com, the world’s first online pawnbroker, has kept its interest rates rock steady! And Borro.com has no intention of changing them in the foreseeable future.
In any case, all Borro contracts are totally transparent. What you see is what you get, and the interest rate agreed at the outset never changes! The UK government regulates all UK pawnbrokers, including Borro.com, and all Borro contracts are approved by the Office of Fair Trading, so borrowers can be sure of every possible protection.
With a Borro contract, there are no hidden extras buried in the small print. No extras at the beginning, in the form of administration, or setup fees, no late payment charges to inflate the interest payments, and no default charges if you decide not to pay off the loan.
With a Borro loan, there will be no negative effect on your credit rating, and you will never encounter debt collectors, court actions, bailiffs, asset seizures or repossessions as a result of taking out a Borro loan.
You are given ample notice if you haven’t paid off or extended your loan, and your pledge is due to be sold in order to settle the matter - so you are always well informed, and will have plenty of time to react. And if your valuables are sold, then if there is any cash left over after your loan is settled, the balance is sent right back to you.
If you need an affordable personal loan, collateral loan or secured loan in the form of a low interest rate loan - without the hassle of credit checks, intrusive questions or interminable delays - check out Borro.com.
Borro.com advances £100 - £100,000 for between one and six months (extendable by mutual agreement) at interest rates from 4% - 6% (subject to valuation of pledge).
Fast cash is easy cash at low rates with short term loan provider, Borro.com. If you want to sell jewellery, need cash for antiques or money for gold, for a cheap, no risk loan, visit online pawn shop, Borro.com, or phone us free on 0800 756 9877.
