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Online pawn lender in deal with debt management company

21 January 2011
Written by rosalind renshaw

borro, the short-term lender that offers loans against assets such as jewellery, fine art, antiques and luxury cars, has finalised a distribution agreement with EuroDebt, the UK’s biggest debt management company.

According to Paul Brett, business development director at borro, there is a good fit between the two businesses.

He said: “There is a natural synergy in that both we and EuroDebt are in business to provide financial help to customers.

“At borro, we specialise in helping clients raise money against assets that they have.

“Our new relationship with EuroDebt means that their specialists will be able to offer clients a different way of raising money to pay down debt or avoid punitive penalties on other borrowing.

“Being able to raise funds against assets such as jewellery, cars and other valuables will, we believe, provide a new way to alleviate immediate financial problems because we can make funds available within 24 hours. All their advisers need to do is contact us.”

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