To this must adhere to several conditions: Stimulate the borrower to pay off thing. How? Quite simply – to give him a sum considerably below that for which the market can realize the collateral. In addition, normal pawnshop business shall not in the sale of unclaimed items, and upon receipt of interest for the loan. Therefore, it must calculate everything so that at the time of the loan amount owed, with interest not exceeds the market value of the thing. The cost of unclaimed items that are exposed to the implementation of in-store, must be, first, acceptable to the consumer, and second of all – no less than the amount not repaid the debt with the client interest rate.
When you carefully read the law 'On the Lombards', you'll see an interesting formulation:' the borrower has the right in case of sale of the pledged thing to get from the pawn shop a difference that has formed due to excess the proceeds with the implementation of the pledged asset, or the amount of its assessment of the amount of the borrower's obligations to the pawnshop. " In reality, if unclaimed stuff is sold to another entity – the shop at the pawnshop. Accordingly, the price at which the thing is being implemented at the store, no connection to the pawnshop is no longer. With respect to rates, they fluctuate, depending on the pawnshop, in the range 0, 3-0, 8 percent on the day of the amount of debt. In other words, in month beyond 9-24%, and for the year – 108-288 percent. With regard to unilateral changes in rates during the contract, then this place customer relations are governed by contract with the pawnshop loan: when the contract rate is set one and did not say when it shall be recalculated, the pawnshop has no right to demand payment of additional interest. However, some pawnshops, for example when a jeweler network include the conditions of the possibility of a reservation revision rates, and the base here is the change of the euro against the ruble, the Central Bank. In this case, I did not even interest rate, but just the client is charged with the responsibility of payment of foreign exchange difference, however, logically, the change of the euro should not in any way disturb the Russian network, sold to the Russian gold, bought and sold for rubles. Web site: