By making the decision to pawn
your valuables in order to get a short-term loan, you will see that the process
of obtaining money is fairly quick. Whatever you need cash for, applying for
credit from a pawnbroker can be fast
and hassle-free.
Although it is possible to take
your items to a pawnbroker's offices to get a loan, many people choose to pawn
online as this can be more convenient.
First, you will need to fill out
and submit an application form where you set out the details of the items you
wish to borrow against. An account manager will then get in touch to discuss
your application and establish the best way to collect your valuables for
appraisal.
Before you can take out a
short-term loan, your items need to be assessed to confirm how much they are
worth. This will impact on the amount you are able to borrow and - depending on
the valuables in question - you could borrow up to 70 per cent of their resale
value.
You can visit a Pawnbroker London in person to have
your goods valued, or you can arrange for them to be picked up by a courier.
Upon receiving your valuables, an
expert will examine their condition, age, model and brand in order to determine
how much you will be able to borrow.
This sum will be emailed to you
and, provided you are happy with this, you can accept online and the cash will
be transferred into your bank account. Alternatively, if you are visiting a
pawnbroker in person you can get your loan in cash.
However, before you can receive
your money you will need to have your identity confirmed. This can be done by
providing a pawnbroker with your passport, driving license or a utility bill.
Unlike when applying for a loan
from a bank, you won't be subject to a credit check and so the process of
pawning items to get finance moves much more quickly.
Once you've accepted an asset
lender's quote, the money will be transferred into your current account that
same day, allowing you quick access to the funds.
