The year of 2012 has seen many of the UK's wealthy ditch the banks, and turn to their assets for finance - unlocking the value of personal assets ranging from fine wine and prestige cars to fine art and antiques.
As the nation continues to seek alternative sources of finance, borro – UK personal asset lender - has seen a 64% rise in loans to clients for bridging purposes in 2012.
Debt problems are affecting almost every aspect of people's lives, having a damaging impact on their work and home lives, family relationships and health, according to the results of a new Citizens Advice survey.
People are using their fine wine collections to access finance, according to new analysis from borro, the UK personal asset lender. Since this period last year, borro has seen a 244% increase in loan value of vintage wine collections.
An Individual Voluntary Arrangement (IVA) is often an alternative to bankruptcy if you have unsecured debts with multiple creditors that you’re struggling to repay.
Brits are turning to fine art and sculpture to access finance, according to analysis from borro, the UK personal asset lender. Since this period last year, borro has seen a 21.7% increase in the loan value of art.
British parents are currently owed more than £13 BILLION - by their own kids, a study has revealed.
borro, UK personal asset lender, has seen a stunning array of unique jewels and gems come through its vault doors, as more and more Brits use their valuable jewellery collections as collateral for finance.
Research launched by Lloyds Banking Group and the Money Advice Trust has raised several concerns over the practice of struggling households being charged fees for debt management plans.
borro, UK personal asset lender, has seen a 183% rise in property related loan applications from customers from 2011 to 2012, with the average loan value against all property related loans currently standing at £19,500.
The ‘bank of mum and dad' has its own terms and conditions according to new research from HSBC.
With individuals and small businesses still struggling to access finance from traditional means, Brits are turning to unusual assets to raise finance. borro, UK personal asset lender, continues to see customers coming through the door with unique and unusual assets in the search for finance.
First year ‘fresher' university students expect to graduate more than £39,000 in debt, according to research from the Money Advice Service.
borro, UK personal asset lender has concluded a partnership agreement with Wellers, the Chertsey and Guildford based auctioneers and valuers.
An increasing number of individuals have realised that they are sitting on a potential wealth of assets, including valuable watches. borro, the UK personal asset lender, has seen a 122% rise in the average loan provided against watches over the past two years.
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