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Now thinks that rich people have all this disposable cash they can just -- on spending spree not the case they might be rich but that money might be tied up.
An investment where they don't have access to it.
And situations like that.
Spread the need for Conning or in this case borrowed dot com we have the CEO Paul -- joining me on that.
Punch shots before the pot so these are people who need quick cash and now home to your site -- dot com with their valuables as a collateral for a loan.
And then when their -- of pay back.
That -- you give them their -- arriving at their Rolex whatever -- is back.
-- sector Wright had that at and what kind of it wolf but is -- to stuff.
Just before Lehman Brothers kind of went on -- -- -- on the practice that will assist the benefit for weeks before so it's quite time in terms of in the business.
-- -- you know quite simply pick provisional spending spree but he said the obvious leveraged themselves for the hills.
Level these assets like disposable -- options but no sense of why people getting to put -- -- don't know exactly doesn't work frequent our web site.
Buy dot com GAAP and evidently that's exactly right without the W.
I did you face to give us information related to you all watch this to happen.
Because -- she -- -- alive and we will then basically getting contact with you and organized.
The -- -- of assets from from new to us how do you -- them.
What we have a team of a crisis in what people from houses so what -- -- that is so it's -- specialists.
Three happens to those guys in house we can pretty much -- any type -- So did that there's someone and are saying that's worth so much more than that price hit -- it it and then when you say.
-- we say it will -- we explain that this may be north of it depends on the asset people are very clear in the body of the cost of speaking of cars yet -- you must have had some crazy eyes we've done quite a lot.
Interesting because that's an ultimate ultimate collapses and -- is not so common to have Basra -- obviously.
-- -- -- -- -- -- -- -- -- -- -- Because that what we do mainly portraits the savings and men and things like but we do a lot of fine arts and density so I can't says it would them with -- -- united some some pretty -- -- -- What we do law of diamond jewelry very much fun doing -- what she's in the line but so I think common reason why.
Your customers don't have money -- can't get the money that they need right and that.
But it's often -- to speed things along -- customers a small business owners and self employed people across.
-- struggle to -- access to credit elsewhere because that regular cash for us and thanks to spend my people right of the pamphlet.
The comforts his feet and inconvenience to the committee they can do from 700 basically -- -- because actually.
It's often cheaper for them -- -- like Hamas led the interest rates quite like what are your children and actually selling -- that.
And it's just it because if you -- enough that you pay fees that -- -- cycles and houses.
All the -- so it's it appeared to rule -- do you estimate that emotional fault.
I don't -- you're destroying studied some in the audience -- -- -- -- stuff economically actually -- -- comes to us.
The speech and because it's a -- locals with.
Standing there person accustomed to having nice thing if you might have a few cars and you know I noticed that that -- sitting in the hot.
That that's not.
Yet it's nobody's ready -- -- the cost -- -- -- customs of people blowing.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Did -- against Moscow recently Olympic gold medal NASCAR yeah absolutely can you disclosed in you know and what it -- -- that you can't just write it ranges and so that's equipment and some of the important moments at night and people -- -- boring people.
On average for five months -- biracial -- Missed opportunities.
You get a few people aboard -- distressed reasons Brian like school fees apply and so things and tax bills and a lot of times they don't know the truth of -- this transaction -- to make more money from the transaction costs and service office are what areas do you have customers and what we're relentless sites -- that it at the moment we've really -- just you less -- a little in the -- as well.
I really starts to -- kind of in 2000 and I don't think companies have salute Mac and I haven't.
About to have a guy.
A very nice.
I have a bunch of -- how do you get your -- to provide these lines we've borrowed from institutions.
And we will definitely.
We -- barriers -- woke up after several the company I founded company we have we have a range of investors in the business -- You know I've been involved dislike -- -- -- -- although lending businesses suing me you said this is about a month before Lehman crash yet.
So at at that time.
I feel like this became a better idea after -- past.
-- -- could ultimately -- -- member in the UK actually northern rock and actually went from about nine months.
Before -- -- is -- in this both teams both the credit crunch a paso is already happening.
But I think even if it happened a great time there yet nothing is -- -- -- -- those -- happened I think people liked -- Things -- liquidity quickly and middle of the people events are high risk individuals so points so yes that is -- mistake planning.
-- -- in the future Pacino to its analyses and now we can to -- but we're.
Again small business owners always complain every Wednesday we do -- small business show we'll hear -- and they say the same thing every week we can't get access to credit we don't have confidence to expand so this is an opportunity for them.
How often do not get paid back.
It's between eight and 10% and -- and -- about.
-- it -- going to -- other products and look right yeah that's why nothing -- up because I think it's low on he's not some let's -- us.
You know -- excellent size is is is is about 151000 dollars and so you people -- -- and they they are genuinely coming to us because it.
But -- -- quickly they'll then have a -- I guess and a and they do that and -- the communities again the next summit.
-- sometimes you know you're waiting to be paid.
By and large corporation and that you know that that just that large corporations is to -- Clinton late on -- you and you how all these orders but you need that capital write an American because it will continue your business -- businesses.
You know we -- -- -- working construction related industries Wimbledon school construction that facing people playing light and they -- captive in Korea competitors.
Well I think that's the biggest complex to process he is the ways in which people and get -- but selling assets.
Photo auction sites and on the line and -- we also provide client will be overlapping we've -- -- -- by the banking as well OK yeah and.
In my notes for you it says you don't like to refer to your company as a pawn shop.
Now must happen all the time they've done it similar to a private you know what I would I think we're halfway between that they recorded -- also -- we present you -- -- -- lending and and knows he may second -- -- -- exactly what we do.
Committee have rights this cannot agree on yeah we're capable woman -- right right things that people do repeat those in these sort of promote it and repeat -- of the moments don't crates.
Up Paul Aiken thanks much for sharing now investment that your website borrowed dot com without the W on the -- what it is about the damage -- meanwhile.
It will actually.
I think aboard the outcome without -- usable she principle it.
Internet Internet domain the that flare and that -- -- -- in Salt Lake City who takes boards and those elements.
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