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.
Low Interest Loans for Bad Credit
Low interest loans for bad credit rated customers are fast, easy and cheap at Borro.com. A fast cash loan from Borro.com costs as little as 4% to 6% per month, compared to 25% upwards from your typical UK pay day loan company.
Because Borro.com is a pawnbroker, your credit rating does not matter, and anyone can get a low interest rate loan. Borro.com is the leading UK loan provider for loans against valuable items – advancing quick cash for gold, or cash for watches - providing loans against personal items of all kinds.
Borro.com offers UK short term loans from £100 to £100,000 for periods between 1 and 6 months. Many other UK loan providers will only advance very small amounts for a few weeks at very high rates of interest, or very large amounts for 1 – 2 years minimum.
Unlike UK pawnshops on the high street, online UK pawnbroker Borro.com allows you to manage the entire process of raising low interest rate loans from your pc in the privacy of your home. So, a bad credit loan in the form of a UK personal loan from Borro.com is the ultimate no risk loan.
Borro.com will never involve a credit rating or debt collection agency, even if you can’t repay your low interest rate loan. The worst that can happen is that your pledge will be sold to repay the loan, interest & charges and any surplus will be sent back to you. There is absolutely no risk of county court judgements, bailiffs or repossession agents.
Low interest loans for debt consolidation
Borro.com provides secured, low interest UK loans for debt consolidation or any other purpose.
Borro’s low interest loans range from £100 - £100,000 for periods between 1 – 6 months. Even people with bad credit can get a low interest loan with no risk of being caught in a debt-spiral, and even if one fails to pay off the loan, there will be no further damage to their credit rating in any way.
Borrowers can pay off their low interest rate loans any time, paying only for the loan period they actually borrow.
Even if you have a good credit rating, Borro.com low interest loans can solve short term, credit crunch, cash flow problems while avoiding costly unauthorized overdrafts and bad credit ratings. Borro’s low interest loans are lower than unsecured loans issued by payday lenders or other UK loan companies because Borro low interest loans are secured by temporarily lodging valuables of your choice for the period of the loan. This practice reduces Borro’s risk, and as low risk means low interest rates, you get the best secured low interest loan possible.
Payday loan companies brand people with bad credit as high risk borrowers. Therefore, they charge their unsecured loan customers higher interest rates, and their maximum unsecured loan amounts are typically much lower, and for shorter periods of time than Borro.com secured low interest loans.
So, whether you are looking for a fast secured loan to pay off credit cards, a low interest loan for debt consolidation, a low cost student loan or a low interest home improvement loan, Borro is the only online UK lender offering truly safe, low interest loans to UK residents for any purpose.
Apply for a low interest rate UK loan today at Borro.com!
