The Traps Related to Payday Loans and Title LoansWhile payday loans are advertised as a quick fix for a financial emergency, the reality is that most people who take out a payday loans will have a very difficult time paying that first loan back when it comes due two weeks later. Most borrowers end up renewing that first loan multiple times, and incurring costly fees to do so. Vehicle title loans also risk the borrower losing their only means of transportation.
Don't let an inconvenience turn into a horror story. At Gems N' Loans in Escondido, we offer low interest collateral loans. This type of loan can easily be paid off in time and the collateral retrieved easily. Pawn shops are famous for accepting heirloom and unwanted jewelry as a sale or to be loaned for fast cash.