Sunday 22 March 2015

The Key To The Security Of Your Goods Is Using A Reputable Pawnbroker



Have you ever found yourself in a position where you could use more cash?  Could be cash flow for a business venture, repairs to a property or even just because you want to take a luxury holiday somewhere warm.
For many they think of selling something of value like jewellery for example – but then comes the dilemma.  Can you bear to part with that personal treasure for the cash and what that can do for you or is it something you may regret?
Well there is a win win scenario that has actually been around for many years and seems to be gaining in popularity and that is the good old fashioned pawnbroker.  A reputable pawnbroker with take your valuables such as jewellery and use that as collateral against a loan.
The interest rate from a pawnbroker is much better than many other types of loans and the interest rate charged by pawnbrokers in London is typically around 5% per month at current rates.  Obviously the pawnbroker can sell your good if you don’t pay back the loan.
Bear in mind that the value of your good is based on the current condition and second hand value if the items.  There is no point expecting to pawn your items based on the new retail value of the items.  So don’t be offended if the pawnbroker cannot offer you a deal on your goods as they need to have some way of ensuring they can get the loan amount back at least.
Once again using a reputable pawnbroker is key when it comes to thinking about the security of your goods.  They could be worth several thousand pounds so it is worth checking the pawnbroker has a secure area for your personal items and has a good system of ensuring your good don’t get lost.  This is not usually a problem but in all industries there are unscrupulous traders so stick with a pawnbroker with a good name.
Keep in mind the jewelers will not loan on just any jewelry. Don't be offended if you are turned down or the jewelry can't help. They are taking a risk in giving you cash for your jewelry and will often only take high-end valuables.
If you use the right pawnbroker then you will have a very positive experience.  The cash you need can usually be yours very quickly at a very reasonable and fair rate, and you can get your good back when the time is right.

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