Pawn Brokers Sell Payday Loans

Posted On: July 21, 2010 at 1:58 p.m.

Filed Under: pawnbroker payday loan

H&T Pawnbroker, a company specializing in pawning customer merchandise is also selling payday loan as one of their services: “The average pawnbroking transaction at H&T stores is £140. Contract periods are six months but most pledged goods are redeemed within three. Mr Nichols said loans are primarily taken out by people who have reached their overdraft limit or are faced with unexpected bills, such as car repairs. [[ads]] The group charges £8 per month for each £100 it lends. It also offers payday loans and cheque cashing services, and sells forfeited jewellery items to consumers” (http://menmedia.co.uk/manchestereveningnews/news/business/s/1295041_pawnbroker_ht_targets_north_west_for_expansion).

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