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Telegraph.co.ukMoney, holidays and shopping - what will Brexit mean for you?Telegraph.co.ukIt said on its website: “We have temporarily suspended our travel money website following unprecedented customer demand for foreign currency overnight and this morning. We apologise to all ... Ditto, Europeans living and working in the UK. ... What ...and more »
Babble (blog)EU referendum: Battle to be Brexit Prime Minister heats up as Tory MPs question Boris Johnson's leadership credentialsTelegraph.co.ukAs the flags of European nations lead the annual Pride parade in London the referendum result is hot on everyone's lips. Thousands of people are taking part in this year's event, a day after the UK's vote to leave the the EU was announced. Some of ...What Brexit Means for My Family Living in the U.K.Babble (blog)How Brexit could affect your investments and pensionThe Week UKall 11,743 news articles »
Telegraph.co.ukEU referendum: What should I do about holiday money now?Telegraph.co.uk... fell dramatically as the referendum outcome emerged yesterday. At one point it hit $1.32, a fall of almost 12pc – its lowest level since 1985 Credit: alamy ... Mr Lewis said: “Personally, I'd use one of the cheap overseas cards – the Halifax ...and more »
The IndependentFour ways Brexit will hit personal financesThe IndependentUncertainty while markets adjust and firms decide how to respond means the UK stock market is likely to be volatile for some time. Anyone who has recently retired and opted to take an income using drawdown (periodic cashing in of a pension fund still ...and more »
BBC NewsEU referendum: The changing political landscape of WalesBBC NewsI don't think this was a huge shock in many respects as we've seen the disparity in 'remain' and 'leave' between the nations of the UK for quite some time now. ... Equally I think the money from Europe has been better spent in NI than it has in Wales ...and more »
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PAWN OF A NEW DAY

With credit hard to get and trust in the traditional lenders low people are looking for other ways to raise cash.
13-08-2009

Pawnbrokers have long suffered a poor reputation, but in these troubled times, confidence in the traditional forms of lending is low, with less than 4 in 10 people saying they would trust their bank to help them’.


People are increasingly looking at other ways to raise cash should they need to. For example, the majority of people would consider selling an item of value they owned to raise funds, although interestingly, if they could, most would consider taking a loan against their valuables rather than sell them.


However, when asked specifically about ‘Pawnbroking’ in a survey by Borro.com the online pawnbroker, the majority said they wouldn’t consider taking out a pawn loan, which confirms a major image problem with the Pawn Industry. With characters names such as ‘Arthur Daley’, ‘Fagin’ and ‘Del Boy’ springing to mind, only 4.5% of respondents had a favourable impression of pawnbroking.  And as many as 2 in 10 are put off simply by the name because it sounds like PORN.  


One aspect of this is the need to go into a store and carry out the transaction face to face as nearly a half of respondents said they would be more likely to take out a pawn loan if you could discreetly complete the transaction online. “High street locations seem seedy” was a common response.  This could be a reason why some people resort to door-step lending, not realising they are subjecting themselves to ridiculous interest charges.


The survey suggests that people are not only open to different forms of lending, but with nearly 1/3 of respondents already planning to borrow in the next 12 months and the tightening of access to credit from traditional sources squeezed, it will become a necessity for many people.


Borro.com is reporting a growth in business, with around 75% of its customers being new to pawnbroking.  Customers can complete a transaction online or make an appointment to see a valuation expert in an office environment.

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