Pawnbrokers are good for you
The Daily Mirror reported: “Pawnbrokers are doing well in the recession as more and more people turn to them for short-term loans”. But that is actually good news for people who need emergency money.
With mainstream high street lenders shutting the door on many borrowers, pawnbrokers offer a service that means people are not at risk of getting into debt they cannot afford. On top of that, there is no chance of ending up with a visit from heavy-handed debt collectors.
Pawnbrokers are highly-regulated these days - specifically by the Consumer Credit Act 1974, which also governs banks - and more than 600 of them are affiliated with the National Pawnbrokers’ Association, which ensures that its members maintain certain standards”.
If you need some emergency money to tide you over, Borro.com, the world’s first online pawnbroker, offers £100 - £100,000 for 1 - 6 months (extendable by mutual agreement) at 4% - 6% interest per month.
Compare rates with the typical pay day loan company, which charges 25% per month upwards. Borro loans are totally affordable loans, and they are fast, too. Borro.com often transfers loans within 48 hours of application.
With Borro.com, everything is arranged online, at home, on your pc. So it’s discreet, convenient and secure. All goods are shipped by fully insured courier, and your loan is transferred directly into any UK bank account you wish to nominate.
If you are thinking of selling jewellery, or other valuables, why not get a pawn loan instead? You can get money for diamonds, art or antiques, cash for gold, or a loan against almost any type of personal valuables you can think of.
Phone our expert to arrange a valuation today, call us for free.
What Is Good About Pawnbrokers?
What Is Good About Pawnbrokers?
Have you ever had a bank loan go bad? If so, you might realise how a loan that starts off at a relatively low APR (Annual % Interest Rate) can have all sorts of admin fees, setup charges, early settlement fees, late payment charges and default penalties added to it – turning it to an uncontrollable monster!
All of this can quickly add up to the equivalent of a much heftier (and hidden) APR, that keeps on multiplying until things get so out of control, they have to be settled by debt collectors, court actions, bailiffs, asset seizures or repossessions.
A pawn loan can never go bad. You will never be sold a pawn loan that you cannot afford to settle one way or the other. A pawn lender will never run a credit check, ask you intrusive questions, or cause bureaucratic delays. A pawn lender will never hike interest rates in the middle of a loan contract. You can pay off a pawn loan whenever you want, without incurring early settlement fees, and you only pay interest during the time you actually use the pawn loan. Pawn contracts are short, to the point, and easy to read, so a pawn loan always does what it says on the tin.
Even if you decide not to extend or pay off your pawn loan, it will not affect your credit rating in any way, you will never experience any of the nasties related to the bad bank loans described above, you will be given ample notice of any intention to sell your pawn to settle what you owe, and any cash left over will be sent right back to you. What could be more straightforward?
Pawn loans are no longer the short term finance solution of last resort. That sort of thing went out with the 19th Century. Today’s pawn industry is regulated in a highly effective manner by the UK Government, and the Office of Fair Trading stipulates exactly what constitutes a legal pawn contract, so borrowers can be sure of every possible legal protection.
Increasing numbers of high net worth individuals who are frustrated and fed up with the current attitude of credit crunched banks are using all kinds of personal valuables - gold, diamonds, jewellery, luxury cars, watches, art, antiques, memorabilia etc…. as security for asset backed loans from the most reliable and readily available source of short term finance around - the pawnbroker.
Borro.com, the world’s first online pawnbroker, has taken things a step further. Now, you can do it all on line. It’s totally discreet, convenient, safe - and fast! You can arrange everything at home, on your pc. All goods are shipped by pre-paid, fully insured courier, and all loans are transferred electronically, directly into any UK bank account you wish to nominate - often within 48 hours of application.
Loans from £100 - £100,000 for 1 - 6 months (extendable my mutual agreement) are available to anyone with appropriate collateral. Visit Borro.com today, or call us, free, on 0800 756 9877.
Fast cash is easy cash at low rates with Borro.com. If you want a personal loan, collateral loan, asset backed loan, secured loan, small business loan, student loan, debt consolidation loan – or any other form of affordable, low interest rate loan, contact leading short term loan provider, Borro.com.
For a cheap, no risk loan, try online pawn shop, Borro.com.
Attitudes to Pawnbrokers Are Changing Fast
Attitudes to Pawnbrokers Are Changing Fast
Before the Second World War, Britain had more pawnbrokers than it had pubs. Then the welfare state happened! Now attitudes are changing again. The rise in popularity of car boot sales and eBay has made people more comfortable with dealing in their own possessions.
These days, it’s cool to turn your assets into cash online, and also to use your personal assets to negotiate the short term secured loans and personal loans that the banks won’t touch since they gambled all our money on spurious get-rich-quick schemes.
Even high net-worth individuals, fed up with the attitude of credit-crunched banks are using their assets as security for collateral loans. Paul Aitken, CEO and Founder of Borro.com, the world’s first online pawnbroker commented, “It’s not just brand names like Ferrari, Rolex and Bulgari we’re seeing. In recent months we’ve advanced asset-backed loans against sculptures and paintings by some of the the most distinguished names you’ll hear in auction rooms, as well as some extremely rare military, entertainment and sporting memorabilia”.
Because Borro.com operates online 24/7, the benefits of pawnbroking are now available to a more upscale and discerning clientele – in a totally discreet, convenient and safe manner. And it also fast! All goods are shipped by pre-paid, fully insured courier, and all monies are transferred electronically, into any UK bank account nominated by the borrower.
Borro.com is UK government regulated, and all Borro contracts are approved by the Office of Fair Trading. Borro contracts are totally straightforward and easy to understand. Unlike many alternative short term loan contracts, Borro never levies any nasty hidden extras, such as start up fees, admin charges, early settlement fees (you can pay off a Borro loan whenever you like, and you only pay interest during the time you use the loan), late payment fees or default penalties.
With a Borro loan, you can never get in over your head, or take on a debt that you can’t afford. Even if you decide not to extend or pay off your Borro loan, you will be given ample notice if your pledge needs to be sold to settle your loan, and any cash left over is sent straight back to you.
With Borro.com, there are never any credit checks, intrusive questions, bureaucratic delays, debt collectors, court actions, bailiffs, asset seizures or repossessions - ever!
If you want easy cash, and fast cash at low rates in the form of an affordable, low interest rate loan, visit online pawn shop, Borro.com. For a cheap, no risk short term loan, phone leading short term loan provider, free, on 0800 756 9877.
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Attitudes to Pawnbrokers Are Changing Fast
Car boot sales and eBay have made people more comfortable with dealing in their own possessions. These days, it’s cool to use personal assets to get a short term loan.
Pawnbrokers Are Set To Expand!
Pawnbrokers Are Set To Expand!
Let’s face it, the banks are just not cutting it! First, they threw all their shareholders’ money away on get-rich-quick scams that were bound to fail; then they begged the Government to order the taxpayer to bale them out; and finally, now they’ve been saved by our cash, they’re refusing to lend it back to us!
So, it’s no surprise that pawnbroking businesses are on the increase. For many years now, prudent Government regulation has consigned the antiquated, Scrooge-like image of the 19th Century pawnbroker to be a thing of the past. But a more fundamental change is being brought about by the fact that in today’s credit-crunch climate, customers are increasingly positive about a source of personal finance which they consider to be not only reliable, but also readily available.
So, it’s easy to see why pawnbrokers are expanding so much at this time. There are differences of opinion, however, about exactly how that expansion will manifest itself. Some observers expect most of the expansion to happen on the high street. However, the more astute are putting their money on on-line expansion.
Paul Aitken, CEO of Borro Limited, the world’s first online pawnbroker explains:
“There is no doubt that, because there is little sign of the banks loosening up their lines of credit any time soon, the High Street is bound to see a proliferation of pawn shops. However, this will probably be restricted to the traditional segment of the pawnbroking business at the lower end”.
Paul continued, “With the introduction of pawnbroking online, we have seen a massive upward shift in demographics of those using this form of personal finance via our website. There are many solid, middle class and up-market customers suffering short term financial issues, who are just not being served by the banks, but who would tend to shy away from being seen in a high street pawn shop”.
“However, the online service they get from Borro.com creates a very different perception, and offers a very different experience. It’s totally discreet, convenient and fast! It’s all done online, at home, on the customer’s pc, and all goods are transferred to and fro by fully insured courier. Most importantly, because of efficiencies and economies of scale, online pawnbrokers are in a better position to pass the benefits onto customers in the form of more competitive interest rates and loan-to-value offerings. For my money, the future of pawnbroking is online!”
Borro.com offers loans between £100 - £100,000 for 1 - 6 months (extendable by mutual agreement) at 4% - 6% per month (subject to pledge valuation). This is much more affordable than the 25% upwards charged by the typical pay day loan company, and much more flexible than many other alternative, short term loan providers.
Fast cash is easy cash at low rates with Borro.com. For a personal loan, collateral loan, short term loan or secured loan, check out Borro.com. There’s no need to sell your valuables when you can get cash for gold and jewellery or money for art and antiques in the form of a loan from online pawnbroker, Borro.com.
Visit Borro.com today, or phone us on 0800 756 9877.
Quick Cash Loans
Quick cash loans are very difficult to get during this credit crunch. Try asking your bank for a credit loan quick, and you will find that their ideas regarding quick loans for people with bad credit are not very quick at all. In fact, you probably cannot get a quick loan from a UK bank if you have a poor credit score.
Quick payday loans and other instant cash lenders may advertise quick cash loans, and, while you may eventually get a small cash loan from these sources, their instant loans require credit checking procedures. So, if you have a bad credit rating, your chances of getting a quick loan from these type of lenders may also be non-existent.
So, where can you really get a quick loan – even if you have a bad credit rating?
The answer is simple – you can get a quick loan from Borro, the UK’s leading online pawnbroker. Borro is the only online pawnbroker that offers guaranteed loans quickly and discreetly. If you have an item worth more than 200, you can use it to secure a quick cash loan of £100 and up to £1,000,000. We pay immediate cash, secured against valuables you pledge as security for the cash loan.
No credit check quick secured loans
Cash is available immediately, even if you have poor credit. We never check credit and we never report people who default on loans to credit agencies. Your credit is safe with us.
Cheaper interest rates than payday loan and cheque cashing companies
Our quick loans are much less expensive than unauthorised bank overdrafts, quick payday loans, cheque cashing companies and other types of quick cash lenders in the UK. Quick loans from pawnbrokers are also much more flexible regarding loan periods. Loans from Borro typically range from £100 - £100,000 for periods between 1 – 6 months.
You can even get quick loans from pawnbrokers online within 48 hours, which is much more convenient and discreet than getting a loan from your high street pawn shop.
Quick loans in London, loans in Manchester, Birmingham, Edinburgh, Glasgow, Leeds, Liverpool and across the UK!
