Monday, December 3, 2018

How to Find the Best Pawn Shops in Escondido

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If you never shopped or taken a loan from a pawn shop in Escondido, the first thing you’ll want to know before you step into a Gems N' Loans with all of your things of value, is how exactly does it work. After considering your collateral you wish to sell or loans against, you need to present the item to the pawn broker for an assessment.

Selling things to pawn shops is a good way to get some fast cash when you’re in a financial bind. Always check your other options for getting a large sum of money quickly. This could be credit cards or bank loans. The great news is that pawn shops do to run credit checks and are much more likely to be invasive as a payday loan.

Pawnbrokers love collectibles and things with age. On the off chance that you have some old things in your ownership, even old currencies and collectibles. These are things that show signs of improvement and more profitable with age. Therefore nothing unexpected that a few intermediaries will drop some enormous money on.

Wednesday, November 28, 2018

What Is A Safe Payday Loan?

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If you live in Escondido, you probably have a myriad of payday lenders nearby to choose from. Even in rural areas, you can find businesses willing to lend you small amounts of money.

The primary drawback of a payday loan can be attributed to the borrowers inability to meet the repayment terms. Traditional loans operate on installment plans where you have to repay a percentage of the loan each month, while interest accrues according to an annual percentage rate. However, these types of loans have interest rates that average up to 300% when calculated as APR.

When it comes to securing some quick cash for emergency expenses, pawn shop cash advances have some real advantages over other borrowing options.

Pawn brokers like Gems N' Loans don’t care about credit scores, and even If the loan isn’t paid back, the pawn shop won’t send you to a debt collector who then reports your account to the credit bureaus. What they will end up doing is selling your collateral.

Monday, November 26, 2018

Escondido Cash Advance Options


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A cash advance and a short term cash loan refer to the same kind of credit, where you have to repay the advance by your next payday. Short term lenders usually allow you to use approved funds for different reasons such as getting through temporary setbacks, paying bills and taking holiday trips.

Payday loans range from $100 and can be up to $6,000. Usually the lending fee is around 15 to 30% of the loan amount. Therefore, every payday loan that you collect, you wind up paying as much as $15 on every $100. however, the Annual Percentage Rate (APR) could be as high as 600%. Not even the lousiest of credit card interest rates can be that bad.

Your credit score is also at risk if you are unable to pay off your payday loan because once the postdated check is deposited, it will bounce, and once that happens a few times, your credit score can get damaged.

Pawn shops have always been a convenient way to borrow money against collateral you already have in your possession. This poses a less risky loan agreement. The interest rates can be as low as 2%, allowing the borrower to leave their credit score out of the equation. Gems N' Loans in Escondido has been known to work with their clientele and also offer longer loan contracts.

Monday, October 15, 2018

Payday, Car Title or Collateral Borrow in Escondido

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Whether you are looking for cash loans in Escondido or any where else in the greater United States, it is a good idea to evaluate the options that are available to you as a borrower.

Vehicle title loans for example, aren't for the faint of heart. While the interest rates are generally lower than those of payday loans, car title loan interest rates are by no means the lowest. The upper limit of affordable is generally considered to be 36% APR, also keep in mind that the fees and cyclical borrowing associated with car title loans make them even more expensive.

Pledging your vehicle as collateral, you risk losing it if you stop making payments. Lenders have the right to take your vehicle through repossession, and you never know exactly when that’s going to happen.

A no credit hassle free alternative is a collateral loan from a pawn shop with interest rates as low as 2%. Places like Gems N' Loans also offer Snap Finance, which is a no credit needed up to $2500 in loan potential. Much like collateral and trade loans or redemptions on valuables, the pawn shop alternative is much more forgiving.

Friday, October 12, 2018

Why Are Collateral Loans in Escondido Easy


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Why secure pawn loan? A collateral loans from pawn broker involves you putting up something valuable as a deposit for the money you borrow. While loans sizes can vary, they are typically for small amounts of $150 or less, and you’ll have to pay back the principal plus interest, which can vary from as low as 1% to no higher than 2% at Gems N' Loans in Escondido.

The shop won’t sell your valuables while the loan is active, giving the borrower to opportunity to redeem their item. However, if they fail to repay, the item of value will be kept and possibly sold in the future. Like all loans, it’s important to know the due date and pay it back on time. This is a quick and simple way to get cash without worrying about your credit history.

Some pros to a pawn shops are:

1. You don’t have to go through a lengthy process to get a pawn loan.

2. No credit check is needed, and your loan is backed by your item, therefore, you won’t be screened for good credit.

3. You can relinquish your item to pay back your loan, and the pawn shop simply keeps your item to sell.

Saturday, September 29, 2018

The Cash Loan Advantage in Collateral Lending

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First off, you are probably wondering what a collateral cash loans is right?

This is a loan from a pawn shop, and is a legitimate and safe way to get cash quickly by loaning against collateral items you own. You can pawn in anything from jewelry, electronics, or even an old iPod.

If you need money to cover this week’s rent, or something for a longer-term purpose, Gems N' Loans in Escondido can help you to find a solution to your current financial situation.

Pawn loans are more accessible, and in the long-run safer than alternative quick-cash options that might put you further behind the eight ball. If you fail to repay, nothing bad will happen the pawn broker will simply sell the piece to recuperate their costs.

Learn more here!

Wednesday, September 26, 2018

Cash Payday Loans in Escondido Made Easier

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Having options in times of need couldn't are necessary then when facing financial crisis or the desire for more pocket money. This is often subsidized with a cash loan.

Fixed incomes while secure, can sometimes limit a person in an emergency. Those that live check to check and for each payday, usually have already used their earnings to cover their monthly overhead. Therefore, when extra money is need in times of crisis, the only option is a savings account or a loan option.

When looking for options in Escondido, it might be a good idea to reference a collateral lender like a pawn shop, in order to avoid paying off your loans with your following pay check, in cases leaving the borrower in the negative and a lesser position from where they started.

A great advantage of using a pawn shop is that they are not going to check your credit, and offer in-house loans that don't depend on your credit history. The loan is secured completely by the collateral that you provide to the pawn shop. Therefore, the lender is not really concerned with whether you default on the loan or not, leaving your next payday untouched. Essentially you just have to be prepared for the worst case scenario in losing an item that could most likely be replaced in the future.


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