Demand at UK’s biggest pawnbroker at record high amid cost of living crisis - short news
Borrowing from H&T Group exceeds pre-Covid high with no relaxation of lending criteria
A record number of people are pawning items to borrow money from Britain’s largest pawnbroker amid an escalating cost of living crisis.
H&T Group said “pledge lending” – lending secured against a customer’s valuable items such as watches or jewellery – was at record levels, in a trading update published on Monday.
Continue reading...source: The Guardian - 04.07.2022