Maxcroft Store Loans | www.maxcroft.co.uk

Last Update: November 9th, 2016

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Maxcroft Store LoansMaxcroft was previously introduced for both their logbook and personal loans. They do however also extend to pawnbroking as well as cheque cashing and foreign currency. Maxcroft Securities Ltd has a single office in Ilford (Essex) where every aspect of their service has to be completed in person. Their specific location is 632 Eastern Avenue at post code: IG2 6PG. Initial requests can be made at www.maxcroft.co.uk, but the requirement to get to them is a limitation. You would have expected them to expand to further offices over their history that dates back to 1976. To briefly introduce their pawnbroker offering, they seek an extensive range of goods including art, cameras, electrical goods, jewellery and even motors.

The contract is set at 6 months, but a settlement after a single month can be made. Monthly interest is charged based on how much is loaned. The chart they show is for jewellery, gold and watches, but it wouldn’t likely vary across products. Between £5 and £299 sees 6% and £300 to £999 sees 5% that should serve most contracts. The cheapest tier is set at £20,001+ where the rate is just 1.99%. There was no info on the required ID and so you’d be best taking down your passport and some bank statements with your address. Just to recap on their unsecured loan, they offer between £500 and £5000 over 8 to 36 months.

For £1000 taken out over a year the price is £420. Considerations are made for bad credit. It is stated that they are really interested in how you have responded to past debts. Their logbook loan is a more expensive offering at £840. They again lend up to £5000 this time on terms of 6 to 24 months. There is no login at www.maxcroft.co.uk and so early settlements would need to be made by phone or at their office. The Maxcroft opening hours are Monday to Thursday (9am/6pm), Friday (9am/7pm) and Saturday (9am/4pm). You know that you’ll be dealing with a trusted company here, evident from memberships held with the BCCA, CCTA and even the NPA on the pawnbroker side.

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