I have noticed a lot of TV adverts from this "scum" pawn broking Company.... they knew exactly when to advertise after xmas when a lot of people are forced to pawn or sell their goods just to stay afloat after the usual spending spree.

They will offer a cash amount to borrow on the goods put up for assurance and when the person cannot afford to pay back the money plus interest.... they sell them on the day at a huge mark up.

They even cash personal cheques in advance of a wage for a profit.... there is nothing a pawn broker won't do to make money off someone in a dire situation.... I believe the correct terminology is "loan shark." Yet the advertising suggests this is as ok as common credit.

Credit hampers a lot of people at the best of times.... but to lose a valuable item because the terms of security on the contract are so stringent and they are within the law to sell them, smells of blood suckers to me and the law should be changed to deal with this easy money...." Leech" industry.

Originally posted by Jake01
they knew exactly when to advertise after xmas when a lot of people are forced to pawn or sell their goods just to stay afloat after the usual spending spree

I do not wish to condone the actions of cash converters and other such companies, but I do wonder why people feel it is acceptable to go on the 'usual spending spree' if they cannot afford to do so.
If you choose to live beyond your means then there is always a price to pay, and unfortunately for many people, this is it.

Couldn't agree more Jake01.

I had to use them a fair few years ago when i needed some cash. I ended up losing everything i took in, just to see it in the window at 3x what they had loaned me :(

I'm glad the one just off the Moor closed down and i hope all the others go the same way.

How long before someone comes on saying i knew what i was letting myself in for? :rolleyes:

Pingu.... at xmas some parents are desperate to provide for their children and will go to any lengths to provide for them.... I respect your answer as it is not right to spend beyond your means but some people take a chance at the time of the year to see their children smile in the hope they can recouperate their goods in the new year.... it is a policy set to fail as if you need to pawn in the first place then the chances of redeeming your goods are lost anyway.... as you will need to have a greater capacity of income than you originally had at that time in order to redeem said object/s.... and they know this.... that is why they borrow a rubbish amount to trick people into believing they can pay it back.... and when they can't.... its sold at a huge profit. This is legal.

Vidster.... sorry to hear that.... I take it you are doing well now. I am glad.

Another one is Brighthouse.... they will loan large amounts to people on benefit as long as they supply I think it is at least 5 relatives details for whom they will hassle if the original debt goes unpaid.... and the interest rate is extortionate.... a £300 video can end up costing well in excess of £1000. How mad is that?

Originally posted by PINGU
I do not wish to condone the actions of cash converters and other such companies, but I do wonder why people feel it is acceptable to go on the 'usual spending spree' if they cannot afford to do so.
If you choose to live beyond your means then there is always a price to pay, and unfortunately for many people, this is it.

Like I said pingu.... some people have no choice in order to provide a half decent xmas for their family.... some people never feel that situation so it is easy to judge. There is always a loan shark who makes it more attractive though and not everyone is always that intelligent when in need.

Originally posted by Jake01


Vidster.... sorry to hear that.... I take it you are doing well now. I am glad.



Certainly am these days but i often wonder about people who aren't and who are getting themselves in to major trouble.

I would like to add Shopacheck to the list. Robbing c***s! :rant:

Originally posted by vidster
Certainly am these days but i often wonder about people who aren't and who are getting themselves in to major trouble.

I would like to add Shopacheck to the list. Robbing c***s! :rant:

Glad to hear it.... think we've all been there at some stage.... How about Provident personal credit.... average APR 47.5%.

There should be laws in place to help the vulnerable.... especially when people on benefits are forced to put their money into a bank account and the banks can charge them for literally anything of charges from being overdrawn by what they have in the account even by pence to a late payment for a DD and they cannot get an overdraft limit even by the smallest amount.

Originally posted by Jake01
Glad to hear it.... think we've all been there at some stage.... How about Provident personal credit.... average APR 47.5%.



Yep... That's another one. Then there is the place at the bottom of the Moor. They are robbing people blind as well.

Places like this shouldn't be allowed to operate IMO :rant:

I feel for everyone who is involved with these 'loan sharks' . If someone started a similar scheme but charged only 1% above the national average, they would still make loads of money without crippling people in the process :?

Originally posted by vidster
Yep... That's another one. Then there is the place at the bottom of the Moor. They are robbing people blind as well.

Places like this shouldn't be allowed to operate IMO :rant:

I feel for everyone who is involved with these 'loan sharks' . If someone started a similar scheme but charged only 1% above the national average, they would still make loads of money without crippling people in the process :?

Sorry Vidster.... I live on the Wirral but sometimes work in Sheffield and am not familiar with the bottom of the moor ( name em and shame em.)

You are right that a national average should be put in place.... the sad thing is that certain people are deemed to be of high risk and the lenders of such Companies as "Yes" car credit and the likes are usually high street banks backing up an enterprise at a grossly inflated rate of interest.... as the borrowers are usually on low incomes so they see it fit to take out the possible losses on everyone in their charge.... this is totally unfair to me as you may go to your bank for a loan/mortgage and they may refuse, yet the same bank may loan you money for the same purpose in a different name at a higher level of interest for the same purpose.... this doesn't make sound financial practice to me.

Many millionaires swindle the system more efficiently and walk away.

Well thankfully 'Yes' car credit have gone FUBAR :hihi:.
I'm not sad about that after what they've done to my brother :rant:

I think our banks should be more open and let us know that they are financing these operations. They won't do that though because they know we (the average user) would **** them off.

Originally posted by vidster
Yep... That's another one. Then there is the place at the bottom of the Moor. They are robbing people blind as well.

I think that one is Brighthouse.

Originally posted by Jake01
Another one is Brighthouse.... they will loan large amounts to people on benefit as long as they supply I think it is at least 5 relatives details for whom they will hassle if the original debt goes unpaid.... and the interest rate is extortionate.... a £300 video can end up costing well in excess of £1000. How mad is that?

The small print is enought to make your eyes water.

Paying the amount off over 5 years adds up to quite a tidy sum. Add in some cases, you may be forced to take their 'optional' insurance / warranty plan, which adds another 50% to the total price :wow:

Originally posted by PINGU
I do not wish to condone the actions of cash converters and other such companies, but I do wonder why people feel it is acceptable to go on the 'usual spending spree' if they cannot afford to do so.
If you choose to live beyond your means then there is always a price to pay, and unfortunately for many people, this is it.

I have to agree with PINGU here.

For Heavens sake, having the latest TV or home entertainment system isn't a life-or-death matter, you wretched peasants :rant:

Brighthouse used to be Crazy Georges - the name says it all - you'd need to be crazy to entertain them.

I walked past recently and they had a re-conditioned leather suite in there for x hundred pounds - it was awful and in a poor condition (stained etc) and probably came out of some poor souls living room for missing a payment.

I saw recently a press story which was slating them - after a customer paid all but the final payment for a item and the company still took the item back to re-sell despite it being 5 years old and the customer only missing the one payment

Heartless money hungry b'stards

when I lived at home with my parents many many moons ago
my mother had dealings with provident & shopacheque & I
have got to agree they robbed you blind

she also had a clock on the mantlepiece that she had to put money in to pay for the tv & other things

we also had a box on our old tv that was expensive to run
( must have been the first pay to view )
got to own up here though I found a way to fiddle it I just
crossed the wires & the hours would clock up backwards I took
the wires off when the hours reached 99 serves them right:D

technology at its best eh ;)

Originally posted by Appolo

we also had a box on our old tv that was expensive to run
( must have been the first pay to view )
got to own up here though I found a way to fiddle it I just
crossed the wires & the hours would clock up backwards I took
the wires off when the hours reached 99 serves them right:D

My uncle would take the 50s out of my nan's TV box so he had some cash until pay day. Then he'd replace them with notes :rolleyes:

The man who came to collect the money didn't mind though. As long as he got his money he wasn't bothered :suspect:

I can't believe this thread stopped ages ago as I would think there are many people who are disgusted with CC. I am in Australia and today, I took Sony prologic amp down to CC in Woden, Canberra to see what they will give me for it. When I took it in, guy who I would certainly classify as Moron, looked it and said, "its not worth much" and followed by "is this Australian model?" he asked this as on the back of the amp, there are lot of RCA connection inputs and also, there are 3 inputs that allows Sony components to interconnect by sharing power source. 3 inputs are slightly irregular and he responded with "you can't plug any Australian components into it so, I will give you $20" .....:gag: AMAZING!! I said to him "you seem like nice bloke so, let me help you. 3 inputs are for Sony components as I have radio tuner that is plugged into it already and other components USUALLY connect with RCA leads and each components USUALLY have their own power source.." this is $700 amp when it was new..

Cash Converters should hire people that have little to some ideas about certain things and not let trained monkey loose in their buying room. Yes, they are morons in Australia as well as anywhere else in the world.. :roll:

I met my wife outside a pawnbrokers, she kissed me under the balls.

I met my wife outside a pawnbrokers, she kissed me under the balls.

The last word sums up the thread.
It's capitalism. Some daft sod goes out, spends a wad on stuff no bugger wants and gets smashed every night for a week.
After that he realises he's cocked up and uses these companies to pull him out of his own crap pile.
So what?

Companies like this certainly have place in society as some people have pointed out that its solely there to "buy cheap, sell expensive.." to increase profit margin. I understand that they are also 'equal opportunity employer' so they are obligated to employ idiots as well.

Pingu.... at xmas some parents are desperate to provide for their children and will go to any lengths to provide for them.... I respect your answer as it is not right to spend beyond your means but some people take a chance at the time of the year to see their children smile in the hope they can recouperate their goods in the new year.... it is a policy set to fail as if you need to pawn in the first place then the chances of redeeming your goods are lost anyway.... as you will need to have a greater capacity of income than you originally had at that time in order to redeem said object/s.... and they know this.... that is why they borrow a rubbish amount to trick people into believing they can pay it back.... and when they can't.... its sold at a huge profit. This is legal.

Vidster.... sorry to hear that.... I take it you are doing well now. I am glad.

Another one is Brighthouse.... they will loan large amounts to people on benefit as long as they supply I think it is at least 5 relatives details for whom they will hassle if the original debt goes unpaid.... and the interest rate is extortionate.... a £300 video can end up costing well in excess of £1000. How mad is that?


This epitomises irresponsibility. In other words your a gambler.

Did you actually gamble on the basis that after Christmas cash converters would come to your rescue and bail you out?

Pingu.... at xmas some parents are desperate to provide for their children and will go to any lengths to provide for them....

That is their choice surely? And they must live with the consequences of their actions.

Consequences. Responsibility. Two things many people in the UK seem to think have been abolished by statute.

the sad thing is that certain people are deemed to be of high risk

Wouldn't have anything to do with (a) not having the income to fund their chosen lifestyle and (b) having a bad credit record due to previous non-payment?

I know it sounds harsh but money-management and living within your means is something that seems just plain common sense to me.

Still, you can't blame people for living in permanent debt and borrowing their way out of a crisis, they're only following the bad example set by their government.

Sorry people, I forgot to mention that CC in Australia originally started out as buyer/seller of second hand goods. I took item in to sell to them as I am doing bit of tidying up and amp was too good to give away or throw away so, selling would have been logical choice until I was insulted with $20 (you couldn't even get a decent meal & drink with that!)

CC do lend money and this concept only started in Australia in last few years. Just like anywhere else in the world, their interest is astronomical and the value at what they lend to you is ridiculous. This is why I Never pawn items and I don't have credit card and living within my means.. I really feel sorry for those people who make regular trip to CC.

They're not all bad. I've sometimes seen some retro computing equipment sold for a few pounds, which I've bought then re-sold on Ebay for it's true value!

Sure, you do pick up some bargain sometimes but, like anything, buyer also need to be up to date with price as well because, they try to sell used crap for close to price of new item and every now and then, you will pick items as new condition for fraction of the cost. Bit of hit and miss if you ask me..

Some people just love to blame everyone else for the financial mess they get themselves in to. All of these small loan companies and pawnbrokers are businesses, so of course they want to make as much profit as they can. They agree to carry the risk for your mess as they might not be able to sell your item, even at amazing prices there is no guarantee of resale, if nothing else, they have to manage their own cashflow until the item sells. A brand new iPhone is probably worth £500+ but if I was a pawnbroker I'd not give out more than £130 for it, this guarantees even on eBay I won't lose out and will hopefully make a nice profit.

We are all the product of our past decisions, if you find yourself inside a pawnshop, you are there because of you.