12 Feb Pawn Loans Help During Time of Need
It’s not always easy to get a loan, and if you only need a small amount it doesn’t make sense to go through the bank.
Pawning an item that you own and turning back into cash is an easy alternative, think of it as borrowing from yourself!
Redemption rates may be slightly higher compared to traditional loans, but, “if the bank won’t lend and you think you can repay a short-term loan in two to three months, a pawn broker loan might be your short-term answer to money woes.”
There’s been an increase over the last year in both the number of pawn loans and the amount borrowed.
“Sometimes there to much month left at the end of the money”
So’ consumers are looking for help. As a pawn broker we has noticed the increase in the amount of loans and size of new loans, and points out, “the bottom line is if they can’t redeem the item, it doesn’t affect their credit.” which is brilliant for the consumer!
Why don’t people just sell on eBay or TradeMe when they need cash I hear you ask?
We understand that some items have sentimental value, and the owner doesn’t want to sell, and the other is if they need the money now, they would have to sell it at well below its value for a quick sale, especially if they need the money in a hurry.
“You can get your pawned item back.”
Once you’ve paid back the loan, you get your item back “simple” and best of all you can use it again in the future if you need to.