Couple the lack of real estate ownership with unemployment tickling 3M, you can see why parents with 20+ children still at home with no jobs need short term loans
When you factor in the growing success of pawnbrokers – once seen as a last resort for the utterly needy – you would have to surmise that, if anything, the average man on the street is worse off
The UK and France can claim credit for this type of lending, and in volume – anything between about 9-14.5%, that is. Yes, we’re talking ABV, here, not APR.
Albemarle & Bond, registered pawnbroker and short, flexible loans provider, posted interim half yearly profits of £36.5M, on course for five year growth target