Get up to £750 today

Bring your next pay day forward - let us advance you up to £750, then repay us on your next pay day


COMPLETELY CONFIDENTIAL

NO AWKWARD QUESTIONS

100% SECURE ONLINE FORM

100% security unlike with a pawn shop or pawn broker
Typical APR 1355%; £25 for each £100 borrowed

The Pawn Shop or Pawn Broker

Are you thinking of using your local Pawn Broker? Read this first...

If you need cash quickly then you might be thinking of using a pawn shop or pawn broker to get it. After all, these have been around for hundreds of years. But think twice before visiting a pawn shop. There is the modern alternative of a payday loan cash advance that is likely to meet your needs more effectively.

The disadvantages of using a pawn shop:

  • You have to leave something valuable (the pawn – e.g. gold, jewellery, watches, etc) as security – these items are also likely to have strong sentimental value. Can you really risk losing them?
  • You will lose your pawned good if you cannot repay the loan and interest costs to the pawn broker on time.
  • A pawn broker typically gives low valuations for the pawned goods.
  • A pawn shop will not loan more than 25% to 50% of this low valuation.
  • A pawn broker will not allow you to repay the loan and interest in instalments.
  • A pawn broker will charge high fees even though you have given your property over as security and risk losing it.
  • When you pawn your goods the pawn broker will give you a pawn-receipt (that proves you own the items you pawned). If you lose your pawn-receipt you will not be able to reclaim your property without considerable difficulty.

Rebecca Shah, for the National Association of Citizens Advice Bureaux, warns against using a pawn broker or pawn shop - 'It is a bad short-term financial solution.'

Pawn Shop groups include the following national companies:

  • Albermarle & Bond Pawnbrokers Ltd
  • H&T Pawnbrokers (Harvey and Thompson)
  • The Money Shop
  • Herbert Brown Pawnbrokers
  • Cash Generator Ltd
  • Cash Converters Ltd

Instead of using a pawn shop you need a cash advance / payday loan from QuickSilver. There are significant advantages, as follows:

  • You don't have to visit a physical pawn shop – the whole loan process takes place online (100% securely)
  • You get the cash straight to your bank account.
  • No negotiations are required – the charges are fixed (see "what it costs")
  • You don't risk losing your property.
  • Your privacy is guaranteed – no one will know you have used our service (unlike with a pawn shop or pawn broker).