Posh Pawn. Ch4 9pm.

[jas xjr]

didn't handbag woman say to her kids something along the lines of "where do you want to go ?" as some sort of treat . it is the last thing I would be thinking of

[MysteryLemon]

jas xjr said:

didn't handbag woman say to her kids something along the lines of "where do you want to go ?" as some sort of treat . it is the last thing I would be thinking of

That.

So you've just found a way of clearing the debts that are keeping to awake at night? Awesome. Let's get another loan, blow it all on the kids and worry about the debts later.

[sjohnstone39]

jas xjr said:

didn't handbag woman say to her kids something along the lines of "where do you want to go ?" as some sort of treat . it is the last thing I would be thinking of

Indeed - what a clown. She should keep the money for more things she cannot afford.

Also, did she not get confused? I was under the impression that she could of sold the bag for 15k and 'loan' was for 12k, yet she had to call him back and kept saying "they will give me 12k for it"

[droopsnoot]

Like she said, though, she was quite overwhelmed when she heard the price, compared to having to phone back to check he didn't say £2k when any one of the camera or sound guys could have confirmed it was £12k, getting that bit confused was easily done. And she did say 'wherever you want to go tonight', so not as if they were off on a world cruise.

Could have done with a voiceover at the end, motorway-cops-style, to tell us what happened to each of them. Plenty of time if they'd refrained from explaining what 'pawn shops' are every time they came back from an ad break.

[sjohnstone39]

droopsnoot said:

Like she said, though, she was quite overwhelmed when she heard the price, compared to having to phone back to check he didn't say £2k when any one of the camera or sound guys could have confirmed it was £12k, getting that bit confused was easily done. And she did say 'wherever you want to go tonight', so not as if they were off on a world cruise.

Could have done with a voiceover at the end, motorway-cops-style, to tell us what happened to each of them. Plenty of time if they'd refrained from explaining what 'pawn shops' are every time they came back from an ad break.

Perhaps "tonight", the kids would want to embark on around the world cruise.

[GTIR]

droopsnoot said:

Like she said, though, she was quite overwhelmed when she heard the price, compared to having to phone back to check he didn't say £2k when any one of the camera or sound guys could have confirmed it was £12k, getting that bit confused was easily done. And she did say 'wherever you want to go tonight', so not as if they were off on a world cruise.

Could have done with a voice-over at the end, motorway-cops-style, to tell us what happened to each of them. Plenty of time if they'd refrained from explaining what 'pawn shops' are every time they came back from an ad break.

Obviously I don't know her history but she seemed a bit fragile to me, like she had had a breakdown or some mental issues in the past, as she seemed a bit skittish and random.

Didn't the voice-over bint say it was an "eye watering £2k"?
Hardly a massive amount and besides wasn't it a water bill? One would assume that the water company had not taken her to court, very rare, and they cannot turn off the water supply so what was the problem!

[TVR1]

jas xjr said:

the handbag woman was rather dim . he said I can lend you £12k or buy it outright for £15k . he said tht several times . she said to her daughter that he would buy it for £12k. just a small point but relevant to her situation

Dim? Lights out in pitch blackness more like more. I found myself screaming at the telly a number of times. 'NO, HE SAID £15k to SELL, YOU STUPID tt!!!!!'

But then I gave up and hanged myself in despair.

[raceboy]

GTIR said:

Hardly a massive amount and besides wasn't it a water bill? One would assume that the water company had not taken her to court, very rare, and they cannot turn off the water supply so what was the problem!

She seemed on edge due to ballifs, she wouldn't answer the door to someone in hi-viz and wouldn't answer her phone to an unknown number, if I was betting I'd go for her taking the 'Loan' not really understanding the terms and failing to make the payments, therefore giving away £3k as Mr Pawn Shop keeps the bag for £12k and not the £15k 'buy it now' price.
I just don't really understand how anyone gets their 'stuff' back, especially at these price points, if gem woman took £75k against the stone, spent it on her very iffy business plan and it failed where is she finding the repayments from? Again Mr Pawn Shop is laughing, £500k gem for £75k.....I can certainly understand his business model.

[Magog]

He certainly did a good job of presenting himself as a nice guy just out to help his customers.

[Mermaid]

Magog said:

He certainly did a good job of presenting himself as a nice guy just out to help his customers.

TV show

[rj1986]

I was dropping in and out of it, but it seemed strange (to me at least) that anyone who owns a £2m helicopter, but can't get a £500,000 loan from a bank or have that in a bank account somewhere probably shouldn't own a £2m chopper.

[Sonic]

rj1986 said:

I was dropping in and out of it, but it seemed strange (to me at least) that anyone who owns a £2m helicopter, but can't get a £500,000 loan from a bank or have that in a bank account somewhere probably shouldn't own a £2m chopper.

That was a setup to get the chap up in the helicopter, an experience which he really didn't like.

[omgus]

rj1986 said:

I was dropping in and out of it, but it seemed strange (to me at least) that anyone who owns a £2m helicopter, but can't get a £500,000 loan from a bank or have that in a bank account somewhere probably shouldn't own a £2m chopper.

Plenty of reasons to go to a pawnbroker, the prime one is that (unless you are on tv) generally only you and the broker know and it is in cash.

Plenty of legit reasons to want a sudden amount of cash.

I was quite happy for the handbag lady, if she doesn't fk it up £12k (or £15k if she pays enough attention) will clear her debt and give her a bit to spend afterwards, having also had to go through the "don't answer the door" routine when i was younger i can safely say she is allowed to have a bit of a mind-blank now there is a way out.

[philcray]

What I couldn't quite understand was if he gets to keep all the money if he sells an item which has been pawned?

eg you borrow £40k against your £80k Lambo @ 50% pa so owe him c£50k in 7 months when you are due to redeem. If you fail to do so, can he sell your motor and keep the full £80k or just take his profit less costs and return the balance to the original owner? Either way you will be royally shafted but it seems a bit rich if he gets all the upside.

or indeed if they borrow £70k aganist that necklace and he then sells it for £400k...

Re the handbag, he initially said he would lend up to 50% against an item so the bag was presumably worth c£24k and he offered her £15k to but it outright. Presumably he would then pop round to London handbag lady and flog it for £24k, trousering £9k for his troubles....

[GTIR]

I always thought if your in a situation where you have to pawn your stuff you are pretty much up st creek.
He charges interest on the loan and if you fail the pay the pawned item will be kept, and disposed off how they see fit.

Why would you loan £50k on an item worth £50k!

I reckon the cars were planted unless the owners were seriously fked up financially. I suppose if they actually owned the cars outright it's the reason they can't get hold of some cash!

And what sane person would borrow cash at a high rate of finance to start a business. Selling cat portraits!

[Magog]

I suspect it's easier to get money out of the ex-husband if you owe it to someone else than it is if you just want money for yourself in the first place.

[Uncle John]

Banks aren't really lending these type/amount of loans to people and if you do go down this route you have to jump through hoops to get it and bear in mind that many of these types frequent the shadey side of the line so need the money straight away for whatever deal they are dabbling in right now, no questons asked.

Ruby woman took all of 5 seconds to decide to sell the "Family Heirloom" but my question would be, does the Pawn man take a cut as he's the one that's run around London getting it vetted by the experts and valued correctly?

[Jasandjules]

Interesting show..

I would like to know what the outcomes were.

[monthefish]

MysteryLemon said:

jas xjr said:

didn't handbag woman say to her kids something along the lines of "where do you want to go ?" as some sort of treat . it is the last thing I would be thinking of

That.

So you've just found a way of clearing the debts that are keeping to awake at night? Awesome. Let's get another loan, blow it all on the kids and worry about the debts later.

sjohnstone39 said:

Indeed - what a clown. She should keep the money for more things she cannot afford.

I think you've all got the wrong end of the stick. Put yourself in her position - she's obviously been worried about the dept that she's got herself into (admittedly perhaps her own doing) but if a £2k bill was the worst that she was worried about, and she has suddenly discovered she has an extra £15k, why shouldn't she take the kids out for a nice meal?
I'm sure her stress would have made it an uncomfortable living environment for the kids too.

droopsnoot said:

And she did say 'wherever you want to go tonight', so not as if they were off on a world cruise.

Exactly. Even if it was a holiday she was talking about, again, she sells the bag for £15k, pays off the £2k debt, and puts £10k aside for any other debt, and then spends £3k on a holiday. I don't see a problem with this.

[monthefish]

Paddy_N_Murphy said:

Umm IIRC, she was talking to the kids about blowing it on a world cruise potentially mid way through the show. All about making the memories that last a life time or soething.

Well if that was her plan, she's an idiot.