It is the estimated value of the object in the public auction market that determines the amount of the loan. Your loan is guaranteed by your object, so you have nothing to prove to the pawnbroker: a simple, immediate and open solution! One of the most trusted pawn shop in London; Fish Pawnbrokers have made themselves. Fish Pawnbrokers agree to lend money to a borrower in exchange for a valuable asset that serves as collateral. When a user needs cash quickly, he/she can bring a piece of jewelry, a carpet, a piece of art or a precious item in exchange for a sum of 50-70% of the value of this object. This amount is then remitted to him/her for a period of six months to one year, after which the borrower will have to repay the loan and the interest. If he/she cannot honor this repayment, the contract signed with Fish Pawnbrokers provides that the deposited object will be auctioned. The result of this sale will enable Fish Pawnbrokers to repay. If it is greater than the value of the loan, the difference will be paid to the borrower. To borrow from a pawnbroker it is necessary to present proof of residence of less than three months and a piece of identification.

“The borrower has little to do. You simply need to go one of our outlets with a piece of identification, a proof of address and the object you want to bring as a guarantee (however, for certain items, a proof of ownership will be requested). The loan is immediately granted after the valuation of the object by an auctioneer. The main advantage of Fish Pawnbrokers over a conventional credit: the conditions and formalities for borrowing are very flexible, since the borrower does not have to justify the reasons for his loan. This is an interest which explains why, in practice, pawnbroking is used by many people in financial difficulties and who, for example, cannot pay their bills or finish the month. Fish Pawnbrokers thus covers small amounts, for short-term borrowings.” said the company’s representative.