Where America’s Wealthy Turn Their Supercars Into Cash

People using their cars for extra money are not just taking their cars to some seedy shop on the "other" side of the tracks. They are going to Borro, a nationwide service that specializes in personal aWhere America's Wealthy Turn Their Supercars Into Cashsset loans. See the full slideshow at AOL Autos"

Why business is picking up for high-end collateral lenders

Why business is picking up for high-end collateral lenders One of the interesting, and potentially market-changing, stories to come out of this current recession is the creation of high-end pawn operations, or what some people in the business prefer to call "collateral lenders." "Never before have we seen so many affluent individuals coming into our... Read More

Well-off benefit in personal loan price war

Increasing competition is driving growth in the personal loan market, but borrowers are being warned that they may not qualify for the low interest rates that are being advertised. The top interest rates have fallen several percentage points in the past year and it is now possible to get a personal loan for just 4.5... Read More

Funding round up with Fox Business

High-end online pawn shop borro announced this week it raised $112 million in debt financing to fund new loans. "It's great. It takes us to the next level and means we're moving from a venture stage to a growth stage company," says CEO Paul Aitken. Aitken says the company has raised $40 million in equity,... Read More