- May 1, 2020
- Posted by: pawnusa
- Category: blogs
One question that always pops into our mind when tough times come is “Where can I get fast cash?” Today, when the world is facing uncertainties and health threats caused by the spread of Covid-19, it is crucial to have cash at hand. Regardless of the extent of your financial needs, the most important thing is how to get fast cash loans.
There are several ways to secure cash loans, you could either acquire a loan from loan sharks or get cash loans from a pawn shop. The first option is not the most practical since it can be really dangerous; not to mention the high interest that comes with the amount you loan.
How to get fast cash loans from pawn shops?
Pawn shops are the safest and easiest way to get fast cash. You could either sell your valuable items to the pawn shop or apply for a cash loan and leave your items at the shop as collateral. If you have the following items, then you can land a fast cash loan:
- Vintage/collectible items
- Musical instruments
- Latest electronics
- Photography equipment
- Other valuable items
If you need instant cash and you have valuable items at home, bring them to the pawn shop for inspection. Normally, pawn shops offer about 25%-60% of the item’s resale value. Once your valuable item passes their inspection, you can discuss your loan terms and interest. You can choose to pay off your loan and retrieve your item for a month to a few months. However, if you fail to pay your loan back within the loan terms, the pawn shop might sell your collateral item and use it to collect the loan.
Why choose pawn shops for fast cash loans?
With pawn shops, you can guarantee that you will get a fast cash loan regardless of your credit score. Other benefits of securing fast cash loans in pawn shops are as follows:
- Won’t hurt your credit score
The good thing about going to a pawn shop for fast cash loans is that the whole transaction won’t hurt your credit score since they won’t do a credit check. You will be offered cash loans regardless of your credit history. In case you won’t turn up to pay for your loan, you are backed by your collateral item which they can sell to pay for your loan.
- It’s fast
It’s a win-win situation when applying for cash loans in pawn shops. You get the money while they get your valuable item. So simple. This is why applying for fast cash loans is also fast. You can take the money with you right after your transaction.
Making transactions in a trusted and legit pawn shop is safer compared to loan sharks. You can ensure that your valuable item is stored properly in a safe place. The money that you will receive will be based on the professional evaluation they made on your item.
Transactions are done inside the shop; no meetups in a suspicious place. The shops have working business licenses with professional shopkeepers.