Pawn sites play with Internet to battle bucks-credit hazard

Pawn sites play with Internet to battle bucks-credit hazard

“In order to make up for the nice loss a have viewed following interest in cash-get better cards, we made a decision to generate the fresh new elizabeth-business apparatus because a channel to own auctioning pawned items which is actually maybe not redeemed because of the people,” said Chin Si-lin (???), president out of Taipei Town Pawn Association (???????).

The money-advance cards enable it to be cardholders so you can withdraw small amounts of funds from ATMs having payment fees of approximately step 3.5 per cent and you will yearly desire up to %, in place of delivering collateral or guarantees, nor expenses app costs otherwise annual charge whenever making an application for the fresh cards.

As of August, to step 3.8 million dollars-get better cards was in fact during the flow across the country, that have overall an excellent loans amounting to help you NT$145.2 mil, the latest Agency out-of Financial Points underneath the Ministry regarding Finance said history few days.

That shape compared to the some step three.step three million bucks-get better notes inside the stream by Summer, which have full a good funds from NT$127.eight mil, the brand new bureau told you.

Since that time, the country’s pawn shop business has actually viewed team shed as much as forty percent a-year, hence interpreted on a total loss of as much as NT$4 million, according to Wang Chih-chiang ( ??? ), chairman of Hsinchu Condition Pawn Business Organization ( ??????? ).

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