The old fashioned pawnbroker shops are coming up again. Due to the credit crunch certain people aren’t creditworthy enough to get a loan and for those people pawnbrokers are a gift from heaven. More and more people use this credit facility as a short-term finance, though they also borrow considerable amounts of money. This trend is also reflected in the number of pawn shops in the UK that increased from 50 shops in the seventies to more than 1,000 shops nowadays.
Virginie Mataigne
Source: http://www.bbc.co.uk/devon/content/articles/2008/08/15/pawnbroker_feature.shtml
1 opmerking:
The old fashioned pawnbroker shops are coming up again. Due to the credit crunch certain people aren’t creditworthy enough to get a loan and for those people pawnbrokers are a gift from heaven. More and more people use this credit facility as a short-term finance [solution] , though they also borrow considerable amounts of money. This trend is also reflected in the number of pawn shops in the UK that increased from 50 shops in the seventies to more than 1,000 shops nowadays.
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