With Christmas around the corner and the cost of living escalating beyond many people’s means, its little surprise that 1 in 6 households now face financial difficulties.
Christmas shopping has begun, and half term is over for those with young children, so the finances have taken a further battering trying to keep them entertained and fed!
It’s not surprising that this is a busy time for the financial services side of the business. Our reputation as a fair lender is well known across the region and we are meeting new customers every day who need a bit of financial help to pay for their their heating and electricity bills, fund the Christmas shopping or help with their cash flow while the cost of living and spiralling inflation take its toll.
As a Pawnbroker we are regulated by the Financial Conduct Authority. We aim to provide a cost-effective solution to the need for instant cash. It’s not just families needing an instant loan either. Many business owners use our service to help pay wages and meet cashflow needs as the winter season kicks in and workers need the cash in their pockets in time for Christmas.
We can really help people and make a difference to support you through these difficult times.
Bristol University conducted research gaining insight into the views and experience from over 85,000 loans to pawnbroking customers across the UK.
Their key findings were;
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Customer satisfaction was exceptional at over 90%, and 95% did not consider pawnbroking to be a high cost option.
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86% of people either redeemed or renewed their loans. Only 14% forfeited their pawns.
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60% of customers stated they needed the loan for day-to-day living expenses.
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The mean average loan amount was £243 most likely borrowed against gold jewellery.
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People take pawnbroking loans for reasons of convenience, speed, and simplicity
Pawnbroking is a valuable service and with 8 branches across the north we are well placed to help you during these challenging times. The old fashioned stereo-type has long gone and research proves that we are much more helpful than many other financial institutions so don’t make us the lender of last resort!
So whether you need a business loan, some cash for Christmas, or just some help to make ends meet for a few months, call in and get a quote as we will do everything we can to help you. For convenience, speed, and simplicity, you simply can’t beat us.
Chris Brown
