Existence of Improvement Loans
In the year 2010 was the increase that occurred. This makes the level of credit provided by them has increased compared to last year’s data of 27.8%, which makes developing a business level with good speed.
I must say that more than 74,000 loans have been updated, which means that the volume of loans renewed at about the average rose 0.45%, while the cancellation rate of 208,811, reaching a total of 393,769 loans in force, be a positive final balance, ie EUR 213 290. 000, to 3.7% less.
I must say that it is thought that this reduction is due to the strong attraction which raise the price of gold, because a lot of investment and will guarantee the world’s most precious metal, which makes the decrease in the final balance.
On the other hand we have to say that 92% of the jewelry back guarantee by the owner, so that only 8% of the pawned jewelry should be auctioned. But despite the data that initially might seem low, 8% means that the level of jewelry-warranty twice, as in previous years should auction off only 4%. This is because many customers do not have enough liquidity to restore her jewelry, warranty, or rather choose not to return to save money.
And is that an increasing number of customers after they receive the money they think the value of gems is not feasible, so they decided that they preferred jewelry auctioned to recover the effects of higher prices. But that is not the gem that optienen level security, but because of the crisis, the level of subscribers has increased rapidly, making the level of loans increased 50% compared to last year’s figure.
On the other hand, if you look at the statistics you have given us Montes de Piedad years ago, we realized that the average customer is often a woman between 17 and 50 years. And that is the type of customer is usually the hardest usually have access to bank credit, so you must register for this type of credit for having the money you need, often because of lack of credit offered by banks.
It also highlights the great welcome with their clients on auction sites, and that has successfully sold a large number of jewelry-auction guarantees, which makes the volume of business that he plans to get to all year has been exceeded only in 8 months, which is expected to further enhance the site, to ensure proper functioning of the offer by the various pieces.
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