Feeling The Pinch? Loan Purchase Offers A Discreet Solution

Your are used to being known as a successful businessman, with high prospects and a life now pay later attitude, but the change in economic tide, has resulted in unpaid debts, lack of custom and a growing urge to bury your head in the sand- If this sounds like a familiar concept, you are not alone. With the numbers of those declaring themselves bankrupt set to rise to unpresecendented levels, the need for a discreet pawn broking service increases.

Often portrayed for its negative image and as a last resort, pawnbroking has undergone a huge revamp, taking their services from the Great British high street to the confines of the internet in one foul swoop. Removing the embarrassment of visiting a pawnshop and transforming it into a private service that is extremely rewarding, especially at a time when the leading banks are refusing credit, Loan Purchase are set to change the face of pawn broking forever.

Daryl Self, Managing director at the Dorset based firm who offer short-term loans with a difference, said, “There used to be a stigma associated with visiting a high street pawnbroker, and to some extent this still exists, especially with the previously successful businessman.  This is why we realised that there was a huge need for a firm who offered debt loans and unsecured loans online.

With the increase in the cost of living and mainstream credit diminishing, online pawnbrokers are now finding that their target market has expanded and that even more middle to upper class citizens are visiting them for help.

Mr Self added, “Business is booming for us, and we are finding that many people who would previously not seek help from us are now logging on and sending us their items.  Recently we have received items like a Ferrari F1 Spider which was loan purchased by a high-ranking city banker, a Harley Davidson loan purchased by a builder awaiting a retention payment on a contract and a Jet Ski.  We still receive the traditional items like jewellery and household goods, but the larger items are becoming increasingly popular.”

Loan Purchase provides each customer with an innovative buy back option on items sent in. This figure will usually be the total option fee amount plus the trade market value of the item.  For customers requiring more time, Loan Purchase will also allow each customer to extend their option fee term by six times, taking the pressure off them if money is rather tight.

Mr Self added, “Here at Loan Purchase we are able to offer a solution not only to Mike the self employed builder with his granddads old watch but the city banker who wants to loan purchase against his beloved supercar. The great thing about using Loan Purchase is that it will not affect a customer’s credit rating nor will it matter if they have existing bad credit, the amount loan purchased is solely made up of the value of the items.”