Farmer tries to pawn livestock
Online pawnbroker is meeting people trying to pawn the strangest things for quick cash.
Emma Pankhurst of Borro, the UK’s leading online pawnbroker, says a farmer recently tried to pawn his entire livestock in exchange for a quick cash loan.
Borro had to turn down the offer since it isn’t really cost effective to store live sheep and cows in their storage facilities, despite the relative luxury of those vaults.
Bizarre items people have successfully pawned include a set of gold teeth, a platinum belly piercing bar, and a rowing singlet worn by Olympic athletes.
The most commonly pawned items are Rolex and Breitling watches, perhaps because of the downturn in the City.
One such item was pawned by a premiership footballer in order to fund a wild night out.
One lady pawned her jewellery to buy herself a plane ticket to meet her father for the first time in 40 years.
Pankhurst says many customers use pawn loans to pay for plastic surgery, lawyers, or medical bills. Their services have come in especially handy amidst the economic downturn, which obviously gets dealt with in different ways.
Nothing Faster than a Pawn Loan!
Nothing Faster than a Pawn Loan!
Pawnbrokers used to be unfashionable - not any more! Greedy, credit-crunched banks are among the uncoolest things around these days.
So, why are pawn loans so cool? They are safe, affordable – and fast! Borro.com, the world’s first online pawnbroker often transfers personal loans within 48 hours of application. You can do it all at home, on your pc. It’s discreet, convenient and easy!
It’s secure too! All UK pawnbrokers are government regulated, and all pawn contracts are approved by the Office of Fair Trading, so borrowers can be sure of every possible legal protection.
Many so-called short term loan providers hammer you if you want to avoid continual interest payments by paying off the loan early. If you try that, they will point out clauses hidden in the small print that say you have to pay the interest anyway.
You don’t get any of that with a pawnbroker. Under a pawn contract, you only pay interest during the period you actually use the loan, and you can pay off the loan any time you like. Even if you decide not to pay off the loan, the worst that can happen is that your pledge is sold to pay off the loan, and any money left over is sent back to you straight away.
Pawn loans are also affordable. The typical UK pay day loan company charges anything from 25% per month upwards. Compare that with Borro.com’s 4% - 6% per month on loans of £100 - £100,000 for 1 to 6 months.
Fast cash at low rates is easy cash at online pawn shop, Borro.com – regardless of your credit status. If you have appropriate collateral in the form of personal valuables such as gold, jewellery, art or antiques, you can contact Borro’s valuation team online about a collateral loan 24/7. For a no risk, secured loan which is also a cheap, low interest rate loan, check out Borro.com.
UK Lender for the 21st Century
Looking for a UK lender on the internet is rather interesting, really, because you realise just how many people in the UK are in need of money. UK lenders are simply keeping up with a growing demand after all. Funny thing is the most popular UK lenders are small payday loan companies. Payday loan companies are quite expensive, it doesn’t make any sense to use a payday loan company because you only find yourself in more debt down the road and then of course, you risk ruining your credit because if, for whatever reason, you cannot pay back the payday loan on time, UK payday lenders typically report you to credit agencies.
Traditional UK lenders, such as banks and building societies have stopped lending money, period. Fat chance you’ll get any money from them. Well, what about doorstep loans? The kind you find in the local yellow pages… but UK doorstep lenders also charge outrageously high interest rates, sometimes higher than a payday loan and a bank loan put together! Then there are private UK lenders, but there is no telling how a ’private loan’ from a shark will turn out.
You can always turn to family for money or even a friend, but they aren’t actually the type of UK lenders you had in mind. What about a pawnshop? Surely you can find something in your jewellery box: a diamond ring, a watch… perhaps you can do without the luxury car for a few months and get a loan against your car! Well, that sounds just fabulous but the problem with local pawnbrokers is that their valuation system is outdated and they pay very little for your items.
Which brings us to the best UK Lender for the 21st century.
Borro.com
UK Lender accepts your valuables as collateral
UK lender, Borro.com, is a collateral lender that provides no credit check loans to anyone who has valuables, such as jewellery, watches, art, antiques, memorabilia, luxury yachts, cars and personalised number plates to pledge as security for the loan.
Unlike other UK lenders, Borro.com advances collateral loans online to cover mortgage payments, as well as other short-term cash flow demands such as holidays and school fees. Borro.com is the UK lender of choice for those seeking fast, easy, flexible and cheap loans with competitive interest rates.
Borro.com is the leading online pawnbroker in the UK lending sums from one hundred pounds to one hundred thousand pounds for periods of one to six months. If you have a bad credit rating and live in the UK Borro will not refuse you a loan if you have appropriate security to pledge in the form of the personal valuables such as these.
Unlike many other UK lenders, Borro.com does not require a credit check, and should you have difficulty repaying the loan, Borro has no need to involve credit or debt-collecting agencies, county court judgements or bailiffs.
This is because pawnbrokers like Borro.com hold your security, and can sell it if you can’t make repayments in order to pay off the UK loan, interest and expenses, returning the balance to you. Borro.com is unique among UK lenders as the world’s first online pawnbroker. So, if you are looking for a UK lender, check out Borro.com online.
Easy Loan UK pawn loan among easiest loans to get online
One of the easiest forms of loan finance is a simple loan from an online pawnbroker. But why do pawn brokers continue to be sources of easy-to-get loans, when banks are not? Because loans from pawnbrokers are underwritten by pledges of personal assets from borrowers seeking loans that are hassle free, accessible, clear, and easy to manage.
Managing a loan is easy with an online pawnbroker
The processes of negotiating a loan is simplified, quick, and more sensible than other types of loans provided by other UK lenders. Borrowers fill in an easy loan application form which takes only minutes to complete and while waiting for an answer, borrowers can relax in the comfort of home because it’s all done from a PC. Even the process of repaying the loan is painless. The entire process is managed online from start to finish using an easy to navigate, user-friendly interface.
An online pawnbroker loan is more discreet than a high street pawnbroker
We’ve already explained how easy it is to get a loan from an online pawnbroker but how do online pawnbrokers compare to high street pawnbrokers? First of all, online pawnbrokers like us lend more money because of our advanced valuation system. We lend up to 40% of an item second-hand value. That’s much more than any high street pawnbroker. Our loan rates are also the lowest in the pawnbroking industry so a loan is not only easy to get, it’s also cheaper.
Easy to get loans from Borro.com are smarter than a bank loan, building society loan or a doorstep loan. These types of lenders cannot provide such easy loans as Borro.com, because of the time and effort they spend in credit checking those looking for immediate cash loans. As a result, borrowers looking for easy loans get anything but a fast, discreet and credit check free service from these lenders.
Apply now for easy loans online from Borro.com.
Pawnbroker - First time user advice
A pawnbroker offers a quick, easy and relatively cost effective way of getting a loan – particularly in comparison with payday loans and bank overdrafts.
Pawnbroker loans: How to get a good deal from a pawnbroker
To get a fair pawnbroker loan, a borrower must give the pawnbroker something of real value to loan against. Pawnbrokers pay cash for jewellery, gold, diamonds and other high-end or luxury items, so you may want to gather up as much scrap gold and jewellery before taking in the telly. The pawnbroker will hold the pledged item(s) until the pawn loan, plus the accrued interest, is paid off.
Did you know?
Local pawnbrokers in London operate pretty much the same way as pawnbrokers in Leeds and pawnbrokers in Liverpool follow the same rules as pawnbrokers in Nottingham. In fact, pawnbrokers in the UK and worldwide follow the same tried and true pawnbroking system which dates back thousands of years.
Redeeming pawned items from a local pawnbroker
When a customer enters a pawnshop, he/she is essentially applying for a loan. But unlike a bank loan application process, the pawnbroker won’t waste a customers time with questions. Instead the pawnbroker will have a good look at the item(s), particularly jewellery, gemstones and expensive watches. If the pawnbroker specializes in musical instruments, he may twang the guitar a bit or have a go at the sax before giving the pawn shop customer a final offer. If the pawn shop customer accepts the loan offer, he/she will have to sign a binding short term loan agreement (most loan agreements are for six months or less). The pawnbroker will issue the customer a copy of the short term loan agreement along with a pawn loan receipt. This pawn loan receipt should be kept in a safe place since it will be necessary to present the receipt to retrieve the pawned item(s) back from the pawnbroker.
Paying off the pawnbroker
Typical pawnbroker agreements are for an average of six months and you are required to pay back the pawn loan before the agreement expires. A pawnbroker may agree to a longer period but the general rule of thumb in the pawnbroking industry is for six months. If you are using a high street pawnbroker, and you lose your pawnbroking receipt, the pawnbroker may lawfully refuse to return the pawned item. For items of £25 or more, you must present a written statement sworn by a local authority, such as justice of the peace or a notary public which states that you are indeed the owner of the items.
Defaulting on a pawnbroker loan
If you cannot pay your pawnbroking loan by the deadline, and you borrowed £75 or less, the pawnbroker will keep your pawned item(s). If your pawn loan was more than £75, the pawnbroker can sell the pawned item to recover the pawn loan amount you owe. Legally, the pawned item is yours until it is sold and you can still get it back by paying what you owe including the interest that has built up.
If you cannot pay off the pawnbroker, and you do not immediately need the item to be sold, the pawnbroker may agree to renew your pawn loan. You will usually be asked to pay the interest that has built up on the short term pawn loan when you renew. If your pledge sells for more than you owe, the pawnbroker is legally obliged to pay over the surplus.
Pawnbrokers online
A pawnbroker like Borro.com will save you the hassle of going to a local pawnbroker or a high street pawnshop plus your pawn loan receipt is stored electronically, making it virtually impossible to lose it. There are many benefits to using a pawnbroker online, like Borro.com such as lower interest rates, discreet service from the comfort of your home, and a better valuation process (which means more money for your items).
Pawnbroker Business loans
Getting a business loan from a pawnbroker is easier than getting a business loan from a bank. Pawnbrokers business loans are on the rise and reports indicate that many small business owners now turn to their local pawnbroker to raise small amounts of capital or to help cover a business operating cost. Business owners, especially small business owners and entrepreneurs, would rather save themselves the hassle of applying for a bank loan. Pawnbroker business loans are always available, even if the business owner has a poor credit rating.
Most business owners will agree that a business loan from a pawnbroker is faster than from a bank or building society. A pawnbroker will typically lend money straight away without delay.
If you have something of value to pledge in exchange for a business loan from a pawnbroker, you will be able to negotiate an immediate short term loan.
Private pawnbroker loans VS. Small Business Government loans
A private loan from a pawnbroker is better than a small business government loan. A small business government loan requires 25% security, usually secured on your house. A business loan from a pawnbroker will never involve using your house as collateral, and possession and ownership of your house will never be at risk, whether you take a private or a business loan from a pawnbroker. The one london loan scheme caters for small business loans around the £2,000 mark, whereas on-line pawnbrokers like Borro.com will lend anything between £100 to £100,000,000 and if you are a new customer for a private or business loan, you may find some interesting introductory offers.
A small business loan from a bank may also be possible, but you will have to present a detailed business plan, which will take a lot of time, whether you have a bad credit rating or not. In contrast, it is possible to negotiate a private or business loan from an online pawnbroker like Borro.com within 48 hours. And you can negotiate your private or business loan online, discreetly and quickly, from your PC in the comfort of your own home.
Whether you are looking for a government small business loan, a onelondon business loan, a yes loan, a bank business loan or a personal business loan, why not try for a business loan from a pawnbroker?
Debt Loans explained
What is a debt loan?
A debt loan, also referred to as a debt consolidation loan, is a short term loan which allows people some breathing space while they re-organise debt. Essentially, it is a loan to consolidate debts.
Does taking on a this type of loan make sense?
A debt loan only makes sense if it results in helping you reduce your overall debt burden. For example, you may have a mix of debt; credit card debt, home loan or mortgage debt and other forms of secured debt and unsecured debt – and you may be thinking about debt consolidation.
A debt loan makes sense if it buys time to renegotiate all of your debts into a manageable package. The time bought by a debt loan could make the difference between choosing a good debt consolidation solution, and being forced through lack of time into a bad one. Even if you have a bad credit rating, you can always get a debt loan from a pawnbroker if you have valuables to pawn. And these days, you can get a debt loan online, from an online pawnbroker like Borro.com.
A debt loan from Borro.com can range from £100 to £100,000,000 for periods between 1 and 6 months, and you can pay off a pawnbroker’s debt loan anytime, paying interest only on the actual number of months that you use the debt loan. A debt loan from a pawnbroker is typically cheaper and faster than a debt loan from a payday loan company, and whether you have a bad credit or good credit rating, your credit rating will not be issue when you apply to a pawnbroker for a debt loan, and even if you fail to pay off a debt loan from a pawnbroker, you will not get a bad credit rating as a result.
Online Pawnbroker Loans for immediate cash loans, private loans, a discreet lending service
How do you find the right pawnbroker loan? You can look for a pawnbroker on the high street - if you live or work close to a high street pawnbroker - but if you can’t find one locally, then you can go online.
The advantages of getting a loan online are immediacy, discretion and speed. Negotiating a pawn loan can be done online via your PC in the privacy and comfort of your home. However, online pawnbroker shops offer many other advantages. Online pawnbroker interest rates are often lower than high street pawn shops, the pledge to loan value is typically higher, and an online pawnbroker like Borro.com will advance anything between £100 and £100,000,000 within 48 hours, if you have valuables you can pledge as collateral for the pawn loan.
A pawnbroker also offers many advantages over other forms of lending (payday loans, unauthorised bank overdrafts, bank loans, etc) which are typically much more expensive than a pawnbroker loan, and which require credit checks that a pawnbroker loan does not.
Even if you have a bad credit rating, a pawnbroker loan can easily be negotiated if you have valuables to pledge as collateral, and if you can’t pay off the pawnbroker loan, your credit rating will not be affected in any way.
Beat the credit crunch with a pawnbroker loan today, and get it easier, faster and more discreetly by negotiating a pawnbroker loan online.
Pawnbroker to the Stars
CBS evening news in the United States recently aired a program about ‘collateral lenders’ in Beverly Hills.
It seems that even the rich and famous turn to the local pawn broker from time to time for a little financial help. Affluent people visit this Beverly Hills pawnshop to get loans on high-ticket (high-end) luxury items.
Even the rich and famous are in a crunch!
