Michael Kors dundalk
Uncategorized / May 19, 2017

Such is the appeal of pawning for instant cash, the NPA now has 1,800 pawnbroker shops and online members in the UK — up from 530 in 2007. A pawnbroker typically lends up to 50 per cent of the value of an item for six months. The customer then repays the loan plus interest, which tends to be between two and seven per cent (compared with an average 19.5 per cent on a bank overdraft and 17.3 per cent on a credit card). The bad news? If the customer is unable to repay within the time period, the pawnbroker takes possession of their items and sells them to recoup the value of the loan and interest. In 1971, fashion designer Diane von Furstenberg famously raised cash to launch her fledgling wrap-dress business by pawning her diamond ring. The dress became her signature and, today, her business is a multi-million-dollar corporation. Fast-forward 40 years, and we find Sasha Cutts, 41, a private caterer, pawning her £1,000 DVF evening gown to keep her business afloat. She also handed over two pairs of unworn Christian Louboutin heels worth a total of around £1,400, as well as a £10,000 Cartier watch and £5,000 Tiffany…