Pawnbroking is the business of advancing loans that are secured against pledges of personal assets. Those assets could include anything from jewellery, diamonds, watches, and gold, to silver, antiques, and fine artwork.
Pawnbroking provides a safe, efficient, way to obtain cash from your valuable items. When you pawn property you own with a pledge, you are simply turning your goods temporarily back into cash. In effect, you are borrowing from yourself. No credit checks. No awkward bank manager questions to answer. No anxiety about unsecured credit or credit ratings, if the loan is not repaid. Your loan is secured by the items you pledge. You get cash without red tape through a straightforward transaction.
At Suttons & Robertsons, we pride ourselves on the speed and efficiency of our impeccably trained staff. We invite you to visit us in our secure and private pledge offices to experience the convenient way of borrowing money. Typically, the loan process takes less than an hour, from dropping off your items to walking out with your cash.
Advantages of Pawnbroking:
Pawnbroking is among the oldest forms of banking, with origins that reach back 3,000 years to China. Ancient Greek and Roman cultures also embraced pawnbroking as a means of lending. In the late 1400s, Queen Isabella of Spain pawned some of her dazzling crown jewels to fund Christopher Columbus's historic voyages. The industry, as we know it today, is commonly attributed to the noble Medici family of Florence, prominent in fifteenth Century finance.
When the Medici family split in two, one half became bankers and the other, pawnbrokers. Those who became pawnbrokers took half the family crest, which incorporated three gold spheres. Over the centuries, these three spheres became the universally recognized symbol of pawnbroking.
Back in the late nineteenth and early twentieth Centuries pawnshops outnumbered public houses in Britain, lending money for pledges on anything from wedding rings to father's "Sunday best" suit. Today, this convenient form of High Street borrowing continues to remain popular as a way to quickly access cash borrowed against personal assets. Suttons & Robertsons, as we've done for well over 2 centuries, will be happy to serve you as a leading pawnbroking lender in the UK.
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