Pawnshops in London
None of the pawnshops in London is an online pawnshop. The world’s first, and - at the time of writing this article - only online pawnshop is Borro.com, and this online pawnshop operates out of Oxford, not London.
The idea of an online pawnshop would be incomprehensible to those who started the first pawnbrokers in London but with the launch of Borro.com an online pawnshop is available everywhere in the UK - and not just in London.
London pawnshops invariably display the famous three golden balls - reflecting their origins, which trace back hundreds of years to the Lombards and Medicis of Italy. However, when Borro.com decided to launch its online pawnshop in July 2008, it avoided the traditional pawnbroker’s mark in order to signal a new image - free from the outdated and unfair 19th Century associations from which high-street London pawnshops often suffer.
So, what does an online pawnshop offer that a traditional London high-street pawnshop cannot? An online pawnshop is fast, easy and discreet, and is accessible anywhere a borrower has access to a computer. By comparison, there are only around 500 pawnshops on high streets in the UK, and less than a quarter of those are based in London. None of these pawnshops is an online pawnshop.
If you want to experience a new way to lend, try an online pawnshop. An online pawnshop reaches the places that high-street shops can’t reach, and this has absolutely nothing to do with Heineken. Anywhere your computer goes, your online pawnshop goes with you, whether you are looking for an online pawnshop in London - or whether you are trying to find an online pawnshop service anywhere else in the UK.
UK Pawn loans online
As we continue to suffer from the credit crunch, increasing inflation and falling house prices, more and more of us are turning to UK pawn shops.
There are over 500 UK pawn shops, and recently Borro.com became the first ever UK pawn broker to launch a fully on-line pawnbroking service to those seeking a reliable UK pawn loan. UK pawn interest rates may be more expensive than banks or building societies, but it is much easier to raise a loan from a UK pawn broker. A UK pawn loan will cost you a lot less than an equivalent loan from a payday loan company or an on-line short term unsecured loan provider. Because a UK pawn loan is secured by valuables lodged with the pawnbroker, UK pawn brokers don’t need to run credit checks, and UK pawn brokers don’t report defaulters, even if the loan is not paid off.
Dealing with a UK pawn broker on-line, like Borro.com, is fast, easy and discreet. The typical UK pawn broker on the high street may not be conveniently located near everyone, and the storefront image of some UK pawn brokers may not inspire a great deal of confidence. Also, the valuation processes of many high street UK pawn brokers may be much more simplistic than Borro.com, who provide very competitive loan to value ratios.
Until now, the traditional image of UK pawn brokers has been stuck in the 19th century. Now, on-line UK pawn broker - Borro.com - is offering a new way to lend. Check out the world’s first on-line pawn broker, the leading on-line UK pawn broker, Borro.com.
