The rise of designer pawn
When Tiffany Jackson husband James was made redundant from his job in the City last year the couple quickly felt the pinch. They put their six-bedroom home in Weybridge, Surrey, on the market, but while they waited for it to sell, money was tight. couple of credit-card bills came in, recalls Tiffany. it wouldn be a problem with my husband salary, but we were struggling.
Traditionally, the solution might have been a bank loan, or a begging phone call to friends. Instead, Tiffany, 32, a housewife who is used to dressing in designer labels, took a different tack. friend suggested I pawn a couple of my more expensive items. Initially I was taken aback because I never come across the idea before you associate the word with the seedier end of the high street. But it made sense. I may not have much going into my bank account, but I had a wardrobe full of expensive stuff. The shop she mentioned was just down the road, so I decided I had nothing to lose by going in
michael kors outlet coupon. The following day, Tiffany found herself in the offices of a pawnbroker handing over an £18,000 crocodile-skin Chanel handbag a present from her husband and her £6,000 Rolex watch. In return, she got a cheque for £4,000 enough to settle the credit-card bills that were worrying her. She has seven months to repay the money at a monthly interest rate of around five per cent, meaning she will need to find more than £5,400 to get her items back. However, she is confident that the imminent sale of her house will free up her cash. if it doesn although I loved my watch and bag, there are worse things to lose, she says. long as you not emotionally attached to whatever you handing over it a stress-free way to get cash
michael kors outlet store. Nevertheless, in these asset-rich, cash-poor times they are increasingly emerging as their l
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