08 Mar What we Do and How we Do it
Pawnbroking today offers a modern, friendly convenient way of getting cash quickly.
It is completely different from unsecured borrowing such as payday lending which sometimes can balloon out of control.
Pawnbroking is simply a short-term low value loan secured against something of value that you own, and, can be sometimes cheaper than an overdraft.
The Pawnbrokers clients come from all works of life from Mr & Mrs Kiwi who need to borrow cash short term to settle that unexpected bill, or pay for those car repairs that wasn’t budgeted for, to the small business owner who needs money to bridge that cashflow gap, caused by debtors, tax demands, rent payroll etc. even business development.
Like a Bank the Pawnbroker loans money, however unlike the bank you can borrow money for one day, one week, one month or three months, and you decide when, and how you want to repay it back.
The Pawnbroker lends money on an item of value which is called a pledge, the pledge (item) is retained by the pawnbroker untill the loan is redeemed (repaid) plus any redemption fee.
The agreement is usually for a three month period, however it can be redeemed at any time and you can even extend it if you need to.
Unlike the Banks and Finance Companies, there are NO application forms to complete, NO credit checks needed and NO awkward questions (thats your business not ours!)
This makes us different from Banks and Finance Companies, people are now turning to the pawnbroker in preferance to waiting for lengthy credit checks and long loan application process
Clients use The Pawnbroker for speed & Convenience, these are the attributes that people value from pawnbroking
So’ next time your looking for a short-term loan think outside the square and take a look at The Pawnbroker!