Pawnbroking-A Rising Industry In Financial Crisis
When economic times are tough it. is generally thought that the pawnbroking industry booms-after all, gold and cheap loans are tempting for credit crunchers.
Lynda Damario, regional director of Albemarle & Bond said:"There are increasing numbers of people from allwalks of life who are finding themselves in a situation where the banks are unable to help so our business is growing."
Albemarle & Bond典当公司的地区经理林达·达马里奥说，“越来越多的各行各业的人陷入困境，银行帮不了他们，于是我们的生意就好了很多。”
That reluctance by banks to lend has helped earn the UK's biggest pawnbroker a 47 percent rise in profits.
At a time when the price of gold is rising in value it isprobably unsurprising that sales of second hand jewellery accounted for 75 percent of the firm's total sales.
Harvey & Thompson, one of Britain's biggest pawnbrokers has seen business increase by 11 percent in recent months and said this is all due to gold-and people coming in to sell their j9Wellery-not from people simply pawning items.
另一家英国大型典当公司Harvey & Thompson也表示，近几个月生意量增加了11%。不是简单的物品典当，而是由于金价上涨，人们开始典当手里的珠宝。
A spokeswoman for H&T, said that consumers are more aware of the idea of selling their possession. because of the popularity of online auction. "It's the eBay effect: Peopte are more aware now that they can raise cash by selling things they don't need."
Pawnbrokers give customers money in return for an object which is held as security until the customer pays off the loan plus any interest charges. No crepitchecks are needed and, once the item is valued and a rate of interest greed, the customer canleave with the money. Jewellery and watches are "pledged" most often.
According to the National Pawnbrokers? Assiociation, around 88 percentofpllJdged goods areredeemed. But what if the worst happens. and you are unable to pay for the item at the end of the loan period?
You can usuaUy extend the length of time of borrowing. If you cannot do this, as a Iast resort, the pledge will get sold off, but it is generally not in the pawnbroker's interest to do 50, particularly a5 many of them thrive on repeat customers.