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Why visiting a pawnbroker may be your best short-term option by Dipika Patel





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Why visiting a pawnbroker may be your best short-term option by
Article Posted: 11/10/2011
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Why visiting a pawnbroker may be your best short-term option


 
Finance & Investment
If you want to borrow money quickly at short notice, you may want to enlist the services of a pawnbroker. By doing so, you'll be able to get a loan against your valuables and use the money to meet your financial needs.

There are many benefits to using pawnbrokers to take out a short-term loan, including their ability to offer you cash relatively quickly.

By going to a pawn shop in person or using a personal asset lender's online services, you can borrow against luxury watches, jewellery and other valuables, and have the money in your account within a few hours.

Whether you need cash to pay bills or fund a special purchase, a pawnbroker can provide you with a loan in the space of 24 hours and as they will not carry out any time-consuming credit checks. Even if you have a poor credit rating and have struggled with debts in the past, you won’t be asked about your income or financial rating. And unlike other lenders, you won't have to complete masses of paperwork or meet a bank manager to get a loan, so the process can be completed quickly and simply.

You will only be asked to provide proof of I.D. to a pawnbroker before you are issued a loan. With just a passport or utility bill for identification, being cleared for credit should not take too long.

Visiting a pawnbroker can also ensure you are offered a fair price for your valuables. An expert valuer will assess your items to get an accurate understanding of its value, before giving you a competitive rate based on how much it is worth.

In some cases, you can borrow as much as 70 per cent of the resale value of your items, allowing you to borrow money quickly.

Pawnbrokers are able to provide loans against a range of valuables - including jewellery, luxury watches, fine art, antiques, yachts, prestige cars and fine wine collections - so if you need money at short notice there are a range of options for you to get your hands on the cash you need.

You will also find pawnbrokers offer competitively-priced loans, so the rate of interest you pay could be lower than those provided by other lenders. Some pawnbrokers will also cover all the costs of courier, valuation and storage - in addition to insurance - so you don't have to worry about facing any unexpected costs.

By using a pawnbroker's services, you'll enjoy greater flexibility over your loan and can make repayments as it suits you. Unlike other lenders, you will not have to pay set-up fees in order to get a loan or be hit with an early settlement charge if you repay ahead of schedule.

So, with the numerous benefits using a pawnbroker can bring, their services could be the best option to help you meet your short-term financial needs.

If you're searching for a short-term loan, you may be considering visiting pawnbrokers. Come to Borro.com and you'll be able to get the best possible rates of any pawn shop around.

Related Articles - Pawnbrokers, pawn shop, short-term loan,

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