Pawn it...

What is Pawnbroking?

Pawnbroking enables you to lend money against an asset, such as jewellery and/or watches. Interest accrues on the loan secured by a pledged item. You then have 7 months to return for your item and to pay the loan plus the accrued interest.

How do I know if Pawnbroking is for me?

Short-term cashflow is the reason most people use a pawnbroker, where convenience and speed of service are quite unrivalled. A pawnbroker will lend from as little as £5 to many thousands of pounds in one easy, quick transaction that requires no credit checks or lengthy meetings or form filling. A loan will just as often be obtained for some extra spending money as it will be to clear an outstanding telephone bill. It is flexible, transparent, competitively priced and immediate and it is these factors that customers prefer. The result is that a high number of customers are satisfied with the service they receive.

How long does it take to value my asset?

With our many years of experience, our expert and professional staff are able to give you an on-the-spot valuation of your item to determine the loan amount offered.

How is the interest calculated on a loan?

The interest repayable on a loan is dependent on the amount you borrow. Our interest is calculated on a daily basis as this makes your loan more transparent and flexible.

Am I able to make partial payments against my loan?

Yes. You are able to make part payments against your loan right up until the day it expires - there is no set amount or set date you can make part payments on; you can tailor these to suit you. You are also able to repay the loan at any time throughout the duration of the contract.

Will I be contacted to let me know my item is due to expire?

Yes. We will contact you at least twice. Once before the end of your contract to let you know that your contract is coming to an end and then again to give you the option to redeem your pledge before it is processed for sale. The way in which we will contact you depends on what details we hold for you and this will ordinarily be done by letter and phone.

What do I need in order to pawn an item?

Just bring along one form of photo ID, like a valid passport or driving license as well as one form of address ID, i.e. a letter posted to your home address within the last 3 months.

 Aren’t all Pawnbrokers the same? I’ll just go to the nearest one to me!

Wrong! Not all pawnbrokers are the same and there can be a big difference in the cost in borrowing from one pawnbroker to another. You should compare the interest rates with others to ensure that you are getting the lowest interest rate for your specific loan. The Representative APRs will give you some indication but it may be more in your interests to look directly at the specific interest rate you would pay on your size of loan.

You will also find that different pawnbrokers may offer different prices against your items and so some pawnbrokers may be able to offer you more when you need it. Never borrow more than you need though!

Could my credit rating be affected by pawnbroking?

Not at all! Your credit rating will not be affected and your business with us will not be recorded on any credit database other than our own.

What happens if I have lost my pawn ticket?

In the unfortunate instance that you have lost your pawn ticket, it is of utmost importance that you do relay this to us at your earliest convenience so that we can prevent somebody else redeeming your goods with the pawn ticket. The best way to contact us and let us know that you have misplaced your pawn ticket is either in branch or via telephone (0161 224 9882). We will then advise you of what to do next.

If you would like any more information on how our "pawn it" service works, then please don't hesitate to give us a call on 0161 224 9882.