Questions to Ask Before Using an Online Pawnbroker

When using any online service, it’s good to ask yourself a few questions before you start the process. If you’re thinking of using an online pawnbroker to secure a cash loan, these questions will help you determine whether the pawnbroker is experienced, reputable, and value for money.

Can I trust the website?

The first thing to question before applying for a loan through an online pawnbroker is whether you trust their website with your personal details. If the website looks like it is well looked after, and shows a real company made up of real people, then it is more likely that you will get a good loan. Give the company a call if you are unsure – if you are connected to a call centre rather than an expert pawnbroker, you may want to look somewhere else.

Am I getting value for money?

What looks like a good deal in the short term may end up costing you more than you thought, so make sure to always read the terms and conditions of your loan. Here at Cuttings we offer affordable loans with low interest rates, without any hidden charges to pay if you are unable to pay the loan back within the agreed time.

Will my items be safe?

The idea of sending off your valuables through something agreed on the internet can be daunting, as you want to know that your assets will be safe. Make sure you enquire about this before sending anything off; if you get a vague response from the company then you should avoid using them for your loan.

How flexible is the contract?

It’s in a good pawnbroker’s best interest to make sure you pay your loan back, which is why you should be looking for a flexible contract. At Cuttings we offer a 6 month period to pay your loan back, and if for any reason you can’t do this, we will only ask for a payment of the interest accrued, and give you up to another 6 months to pay it back.

Can I talk to someone in person and ask for advice?

Despite applying for the loan online, it is reassuring to know that you are able to pick up the phone and talk to someone if you need to. At Cuttings we will give you a call to discuss your requirements once you have applied, and if you are happy with the loan offered we will talk you through the next steps.

How much experience does the company have?

Try to find out as much as you can about the history and reputation of the company before agreeing to a loan. How long have they been operating? Do they have experienced and highly trained staff? Do they display testimonials on their website? All this will show whether the company is trustworthy or not.

If you’re looking to secure a loan online, we’d love to answer any questions you may have. Just give us a call on 01843 584 550.