Our branches are reporting a resurgence of interest in pawnbroking
loans where people can secure an instant cash loan against an item of jewellery.
The top towns in Yorkshire for pawnbroking
outlets are Doncaster with six and Bradford and Wakefield, with five each.
You can't get into a debt spiral with a pawnbroking
loan, nor is your credit file affected if you do not redeem which means your ability to borrow elsewhere is not harmed," he says.
Overall, the pawnbroking
division, which represents almost 90 per cent of the group, saw turnover grow seven per cent.
Although some people might consider pawnbroking
a depressing trade, Celia enjoys the job.
business Albemarle & Bond announced a string of frontline appointments as it prepares its management team for expansion.
Chairman Charles Nicolson said: "We have seen an increase in the number of customers across our core pawnbroking
business, driven in part by the tighter lending criteria required by mainstream lenders.
Despite comparisons with an "exceptional" 2010, Albemarle said the pledge book in its largest division of pawnbroking
showed further growth.
BRITAIN'S biggest pawnbroking
group is using 40 "pop-up" shops to target cash-strapped Christmas shoppers.
Initially the business was primarily involved in home collected credit but in 1997 it branched into pawnbroking
as a franchisee of John Ramsdens Pawnbrokers.
chain H&T said recession-hit consumers swapping unwanted gold for cash had more than tripled scrap profits for 2009.
A&B said profits from its pawnbroking
side grew 15% but its business selling jewellery was hit by the high price of gold.