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.
Debt Consolidation Loans
Debt consolidation loans advertise consolidation of all your debts into one easy monthly payment.
This obvious advantage often hides other disadvantages of debt consolidation loans. When taking out debt loans, borrowers often find out that the payment periods of these debt consolidation loans are for much longer periods of time than the original loans, and, while the monthly payments of these consolidation loans seem relatively low, the total cost over time is much higher.
Instead of seeking debt consolidation loans from the usual providers, why not try a pawnbroker. Consolidation loans are available from online pawnbrokers like Borro.com for amounts between £100 and £100,000 for periods from one to six months. Debt loans from pawnbrokers like Borro.com may be just what you need in order to tide you over long enough to re-arrange your finances in the most efficient way.
Even if you have a bad credit history, you will always be able to get debt consolidation loans fast from Borro.com, because online pawnbrokers like Borro.com take your valuables as security for these debt consolidation loans, and when you pay off the debt, you get your valuables straight back. Debt consolidation loans from pawnbrokers like Borro.com are fast, flexible and cost less than loans from other providers such as payday loan companies, doorstep lenders, cheque-cashers and unauthorised overdrafts.
You can get debt consolidation loans from Borro.com online, within 48 hours, via your PC from the comfort and privacy of your own home.
Getting a pawn loan
Getting a pawn loan online is fast, easy and discreet. No credit checks and no interviews with the bank manager are involved in negotiating a fair pawn loan, and it is a lot safer and cheaper than dealing with a payday loan company or short term unsecured UK loan provider.
The reason why getting an secured loan with an online pawnbroker is so easy is because you send valuables, such as jewellery, gold or watches, to the pawn broker in order to secure the loan. As the loan company has security for their loan, their risks are reduced, they can afford to reduce their interest rates, and this reduces the overall cost to you of the pawn loan. There are many other benefits of pawn loan to consider. Even if you have a bad credit rating, you are still guaranteed to get a pawn loan, as long as the valuables you pledge cover the loan company’s risks.
And if you have a good credit rating, a pawn loan is a no-hassle way of easing short-term cash flow problems without any risk to your credit rating or overdraft - even if you ultimately fail to pay off the secured loan. Borro.com is the world’s first online pawn shop, providing fair pawn loans in London, Oxford, Essex, England and throughout the UK.
Negotiating an online pawn shop is much more convenient and discreet than dealing with other UK pawnbrokers The whole pawn loan process is managed end-to-end from the comfort of your computer at home, and online pawn loan companies like Borro.com provide a much more competitive valuation service and pawn loan to value ratios than the average high street pawn loan provider.
