Should I take out a loan at a pawn shop?

Almost every Russian once in your life turned into a pawnshop. The client receives the money, and a pawnshop - Percentage of abandoned deposit. It seems all good, but is it true? In fact, a loan at a pawn shop is fraught with many pitfalls. In Moscow alone, experts have between 250 to nekolko thousands of pawnshops, but throughout Russia - about 5 thousand a matter of fact, the pawnshop - it's the same bank: it has its regular customers and he also gives credit to bail, that's only interest rates are much higher than the bank, but the real value of the underlying things are significantly reduced. Thus, it is likely that the daily rate may be from 0.3% to 2%, and even higher. It turns out that for the year interest rate will increase to as much as 730% and maybe more! True, the policy of pawnshops is: the bigger the mortgage, the less will be charged interest, and vice versa. However, be that as it may, pawn shops have always enjoyed great popularity among the population. Even in a crisis when many banks and other lending institutions went bankrupt, pawnshops get a good profit. Yes, while the share of unredeemed property uvelichalas 2-3 times, but they still managed to stay afloat. The thing is, many experts believe that the main customers of pawnshops are the representatives of the Russian middle class, which sometimes need urgent cash. Indeed, usually a pawn shop apply the most ordinary people and only a few thousand rubles. As a rule, every Russian is made of gold and almost no deferred money. This pushes them in case anything happens to go to pass his gold. However, this trend is slowly changing. Over the past few years has developed a new type of customer who provides a very expensive thing and take loans, sometimes up to several million rubles. However, such transactions generally take place in Moscow or other major cities. What lay? It is known that all goslombard takes about 450 items: gold, cars, dishes, appliances, fur coats, shoes, etc. On paper, of course, taken a lot of things, but the reality is much more complicated. Handed over to the pawnshop, for example, the same coat almost unreal. And not just when things wear exceeds the required 50%, even though it will be virtually new. Not every pawnshop for it undertakes. Most readily will still take the gold. According to statistics, the share of this type of collateral account for as much 90% of all pawned goods. This is understandable: Jewelry easiest to sell and, moreover, to keep them do not need large rooms. True, the valuation of pawnshops are not considered artistic merits of jewelry, the uniqueness of its trim, etc. Besides gold, pawn shops are also willing to lend in exchange for the car. In this case, the interest rate depends on the age of the machine, its state, high cost, etc. In total, for new cars loan rate may reach 4-5% per month and the loan amount is about 60-70% of the appraised value of the car. Also, be aware that pawnshops do not accept as collateral the following things: raw stones and precious metals bullion, nuggets, wire, and medals, firearms and bladed weapons, army equipment and military products range. Conditions of registration in that time and again that in this case there are no conditions. Lombard credits for any person willing to "the street" if only he was sovershenoletnim and had a passport. Then the client a contract for storage in the form of a deposit receipt for a period of one to several months (sometimes years). If people do not redeem collateral in time, the pawnshop gives him one more month of grace within which a thing can not be sold at auction, but bid on bail can be raised. This is all the relationships between borrower and lender. Therefore, on the one hand, if you need urgent money, they are readily available from the pawnshop, but on the other - you'll be surrounded with huge interest rates, while laying the thing will appreciate below market value. Of course, it will be easier and buy, but suddenly not work? That's when really should be offended.