Friday, July 12, 2019
Better Than Payday Loans Escondido
When looking for cash loan alternatives, pawning your valuables for some quick cash is a safer bet than taking out a predatory payday loan. Collateral loans are less risky and don't require that you provide a pay stub or bank information to secure the loan.
Other than watching a couple episodes of Pawn Stars, do you know how pawn shops actually work? When someone is in a financial bind, choosing a quick cash advance can be challenging.
A big differences between a pawn shop and a regular lender is that you actually bring your collateral to them and they hold on to it until the loan is repaid. If you can’t pay them back, they simply put the item up for sale in their shop. Unlike auto or mortgage loan, you can maintain possession of the house or car that’s securing the loan. But with a pawn broker loan, the item of value stays with them.
The amount you borrow from Gems N' Loans will depend on what item you use as collateral, it is common for the broker to only offer you a fraction of the item’s full value.
Learn more here!