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Post by investandlearn on Jun 11, 2021 9:24:51 GMT
Connective Lending are offering up to 16% on their pawnbroking loans and I understand that Unbolted is limited due to the availability of its loans. Are there any other platforms out there that offer loans against these luxury assets or are all other companies just offering loans against property? It would be good to know in case I am missing any other companies who offer this. Thanks.
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Post by df on Jun 11, 2021 13:02:50 GMT
Connective Lending are offering up to 16% on their pawnbroking loans and I understand that Unbolted is limited due to the availability of its loans. Are there any other platforms out there that offer loans against these luxury assets or are all other companies just offering loans against property? It would be good to know in case I am missing any other companies who offer this. Thanks. As far as I'm aware UB and CL are the only two.
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ptr120
Member of DD Central
Posts: 1,202
Likes: 1,350
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Post by ptr120 on Jun 11, 2021 14:05:03 GMT
I have plenty with MoneyThing paying 12% and some still have another 18 months left to run. I'd be happy to sell them to you on the secondary market, but....
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Post by investandlearn on Jun 11, 2021 15:06:05 GMT
Connective Lending are offering up to 16% on their pawnbroking loans and I understand that Unbolted is limited due to the availability of its loans. Are there any other platforms out there that offer loans against these luxury assets or are all other companies just offering loans against property? It would be good to know in case I am missing any other companies who offer this. Thanks. As far as I'm aware UB and CL are the only two. They were the only two that I had found as well. Who is Moneything?
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Post by investandlearn on Jun 11, 2021 15:10:25 GMT
I have plenty with MoneyThing paying 12% and some still have another 18 months left to run. I'd be happy to sell them to you on the secondary market, but.... Do they do jewellery and asset loans?
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Post by investandlearn on Jun 11, 2021 16:02:17 GMT
Ignore my last comment, I just noticed that Moneything was one of the companies in administration.
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Post by df on Jun 11, 2021 18:32:07 GMT
Ignore my last comment, I just noticed that Moneything was one of the companies in administration. Just in case you come across Fundingsecure and Collateral - they are in administration too. All three started as pawnbrokers and then expanded to speculative toxic property lending. Out of four p2p pawnbrokers, Unbolted is the only one that survived.
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Post by investandlearn on Jun 14, 2021 9:20:01 GMT
Thank you all for your information on this. I was aware of both FundingSecure and Collateral and the fact that they are now in Admin.
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