Asset Backed Loans – 5 benefits you need to know!

1.No credit check

Yorkshire Loan does not need to carry out any credit checks as part of the loan agreement. The security of the loan is set against your asset not your financial history or circumstances.?All you need to provide is Identification and any related paperwork for the asset.?We can accept a wide variety of items such as luxury watches, cars & vehicles, private number plates, classic cars, jewellery and land.

2.Quick and easy

An asset backed loan with Yorkshire Loan is quick and simple to arrange. We pride ourselves on our friendly hassle-free service.?We are available in person, email or on the phone for a professional and discreet no obligation chat. As there are no credit checks required, we can arrange your loan quicker than a bank and will usually have the funds in your bank within 48 hours.

3.Make your assets work for you

Do you have a classic car sat in the garage you don’t drive, a private number plate on your car or a watch you only wear on special occasions? Then make your asset work for you when you need it. Life often has unexpected costs or opportunities we can’t miss and there are times when we need money quickly, so unlock the money in your assets to resolve your issues.

4.Shorter terms

Typically, the loan terms at Yorkshire Loan are 6 months. You are able to pay in monthly instalments and this can help you maintain the payments.?This is an easier option than other short-term alternatives such as a payday loans or extended loans which take longer to pay off and are therefore often more difficult to manage.

5.Safe and fully regulated

The final benefit which customer aren’t often aware are of is that Pawnbrokers operating in the UK must be authorised by the Financial Conduct Authority (FCA) to trade. As well the FCA they have to sign up to the Anti Money Laundering Business Register.?These two governing bodies ensures all pawnbroking customers are treated equally and professionally at all times.

The National Pawnbrokers Association is also available to provide resources and support to both the Pawnbrokers and their customers.

If you have an asset you would like to consider for a loan contact one of our friendly Loan Advisors at Yorkshire Loan on???(01677) 930354?or visit our website to request a call-back:?? https://yorkshireloan.co.uk/contact-us