Cash flow problem: the pawnbroker solution


85% of the goods deposited at the Crédit Municipal de Paris became jewelry. (©AFP)

By contacting one of the Crédit Municipal establishments that have had the monopoly of this activity since Napoleon I, you can grant someone a loan against the deposit of a valuable object.

The rates applicable to the mortgage loan can differ considerably (www.pretsurgage.fr). At the Crédit Municipal de Paris (CMP), for example, the annual percentage rate (TAE) has been fixed at 7.30% since April 1, 2022 for loans between 501 euros and 1,000 euros, at 7, 90% for those between 1,001 euros and 6,000 euros. and at 4.60% beyond.

They are therefore lower than the rates for revolving credits, but remain higher than the rates for consumer credits.

Almost 85% of the deposited goods become jewellery. But the list of accepted objects is long: watches, gold, silver, paintings, sculptures, carpets, furniture, signed glasses, musical instruments, furs, etc.

Better yet, the CMP now takes great vintage, fine art photography, comics, etc. For high value items, it is necessary to make an appointment with a customer service representative.

Get a loan without delay

It is the value of the object – and not the amount of the invoice – that determines the amount of the loan (which can also be refused). Typically, the loan is between 50% and 60% of the estimate made by a forensic auctioneer.

All you have to do is go to the bank with the object, with proof of identity and address. Please note, for some goods (art works, mahogany, watches, etc.), an invoice

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