What defines a risky loan? This is usually means loans taken by people who may have difficulty maintaining the repayment schedule, sometimes reflecting setbacks, such as unemployment, divorce and medical emergencies. This situation is unique and can be remedied with the right options.
Payday loans unlike collateral loans, often require credit checks or a payroll check to back the loan. Where a collateral loan say from pawn shop, only requires an article of value to secure it.
Why is the payday loan not for everyone? For many people, a lot. People borrow based on their paycheck. Sometimes a $250 loan can climb over $1,000 when not paid on time. Your most expensive credit card may have an interest rate of 28 percent or 36 percent maximum. Where the payday loan can reach up to 10 times that. For example: if a $100 payday loan costs you $15 for 10 days, that's an annual percentage rate of almost 400 percent.
With a pawn shop loan from Gems N' Loans, one can take something of value that you own like a watch, jewelry or musical instrument, to use as collateral in exchange for the cash you need, then pay it back in the future. Small or independent business owners often utilize pawn loans, or collateral backed loans, in order to make payroll. The only risk is losing the the article of value. The interest rates are also as low as 2%.
People with damaged or limited credit sometimes find themselves in a desperate search for a no credit loan. However, there are only two types of loans that require absolutely no credit check. For example, loans from family and friends and pawn shop loans. All other loans, including payday loans, require some type of credit check.
Payday lenders often boast that they offer no credit loans, but that is a half-truth at best. And the lax credit standards they do apply contribute to the high default rate of payday loans. Gems N' Loans in Oceanside are offering a no credit loan with a 90 day re-payment option. Getting fast cash from pawn shops the interest rates can be as low as 2%.
All my life I have been fascinated with money. I remember one day when I was about six years old my father told me, “Money doesn’t grow on trees”. After I thought about it I had to differ. All paper currency once was a tree. Maybe and exception for the Australian plastic bills.
Getting a cash loan in Oceanside isn't as far fetched. There has been a big discussion regarding the PayDay loan borrow option. Some find it convenient however, the interest rates can be astronomical and never ending. I always recommend a collateral loan when someone is in need, and does not want to be hassled with a credit check.
We don’t request credit checks and are a “no hassles business.” When you need cash, we are here for you. All transactions are confidential, and once you are a customer, we will treat you like family. If you are in a bind, or just want to cash in your unwanted merchandise, we are here for you. Save thousands of dollars on new, estate, vintage, and GIA certified diamond jewelry at any of our Gems N’ Loans locations.
Money does not grow on trees, nor will relief for annual fees or astronomical interest rates that could have you sacrificing control of your paycheck in the future.
According to the Washington Post and Pew, payday loans have become a lucrative business, earning $7.4 billion annually. Each year millions of Americans take out these types of loans when suffering tumultuous financial times.
These kind of cash loans in Oceanside are the very definition of "robbing Peter to pay Paul." Borrowing against a future paycheck or putting up the title to your car can cause a slippery slope.
Pawn shops like Gems N' Loans are willing to stake you the loan in exchange for collateral. This means interest rates as low as 2%, in exchange for something of value, adding the option to redeem it under the loans terms. However, in a worst case scenario, the borrower could end up losing the item, rather than have their pay check garnished.
English business magnate, investor, Richard Branson of the Virgin Group has even been quoted saying "material things are delightful, but they're not important."
There are stereotypes that users of alternative financial services are from the lowest socioeconomic levels. But borrowers from pawn shops and payday lenders are often middle class young adults, struggling to make their way in the post-college real world without financial help from the Bank of Mom and Dad.
The most obvious problem with payday loans are their extremely high interest rates. The fee for a payday loans can be anywhere from $10 to $30 per $100 borrowed, which works out to an annual interest rate of 261% to 782% sometimes.
The Gems N' Loans model is based on collateral lending that is structured based on the value of the item you wish to pawn. The pawn can often simply be the sale of the item if the customer doesn't wish to retrieve the item at a later date and doesn't care. Or in most cases the item of values is used as security to back the loan.
So before you go get involved in a title to payday loan, consider you neighborhood pawn shop for the emergency funds.
When looking for a safe cash loans, it is a good idea to understand the alternatives. One of the most obvious problems with payday loans is, are their extremely high interest rates.
For example, if you had a hard time raising money in the first place, losing the borrowed out of your next paycheck leaves the borrower scrounging for more money to pay the perpetuating loan, and before the month is out, you could find yourself coming back for another loan to cover the bills you can no longer afford to pay. Before long, you end up entrapped in an ongoing cycle of debt.
The alternative would be a collateral loan. For example: pawn shop loans in Oceanside offer secured loans, with lower interest rates as low as 2%. The borrower just needs to offer up valuable collateral to the pawn shop owner and in exchange for the cash.
Need to Know
Loans must be repaid, together with the interest amount and any other additional costs. Failing to honor your end of the deal, will leave the pawn shop no other choice but to take ownership of your collateral and sell it to recover the money.
Learn more here!
What are some examples of quick loans that are issued in a short amount of time, and are often subject to less complicated screening process if any. These types of loans are often granted to borrowers who have bad credit or who need to secure financing quickly. While they often come in the form of personal loans in small amounts, the wealthy have been using such options to finance business ventures.
If you are looking for a cash loan in and around Oceanside fro instance, it never hurts to weigh the options available when in need of fast cash or the equivalent of a payday advance.
Often people in need have found that pawn shops offer a no hassle alternative to the whole process. You are probably wondering what this entails right? Well , it is less complicated and does not depend on your credit score.
Collateral loans found in pawns shops offer interest rates as low as 2%. A collateral loans is money you receive against the value of your property. You can decide whether to get the property back by repaying the loan along with the fees or simply forfeiting it, depending upon your situation.
There is never any liability or obligation if you decide not to pay. Therefore, meaning there are less requirements to meet to pawned item.
Learn more here!
Since payday loans can involve tedious paperwork that include terms and conditions, there can be some not so savory terms hidden in the fine print, including an agreement to have your wages garnished if you forfeit payment on time. Pawn loan terms, on the other hand, are straightforward, with no hidden fees or penalties, and can be obtained easily without all of the bureaucracy.
At Gems N' Loans in Oceanside California, they make it easy to obtain collateral loans to suit any situation no matter the size of the loans, This however, has everything to do with the item of value you wish to pawn.
When working with a pawnbroker, the customers pledge their property as collateral, and in return, they lend the borrower the money. When customers pay back the loan, their merchandise is returned to them. Pawn loans are made on everything from jewelry to electronics. If the customer elects not to redeem his or her collateral, there is no credit consequence to the borrower and the items are sold at a value price to retail consumers.
When you are meandering along the sea on Oceanside and are looking for a pawn shop or even a story to be inspired by, it is always amusing to know that once upon a time, a middle aged man once brought his gold anchor pendant that had an unusually large diamond in the center of it for a collateral loan. When he was asked about the unique piece of jewelry, he mentioned that when he got divorced, he had both of his ex-wives wedding rings melted down and forged into an anchor to be reminded of how had been weighed down by both of his marriages. The large diamond actually came from one of his ex-wives engagement ring.
Whether you are in the market for fast cash or erasing the old with the new, it never hurts to search your local pawn broker for interesting stories and hidden treasures.
For custom engagement rings click here!
Not all pawn shops look the same in that their inventory sets the precedence of what will be displayed. however, much like any retail shop a pawn shop Oceanside is usually easy to navigate.
It has been said pawn shops are the symbol of mankind’s greed, yet the patron saint of pawnbrokers maintains a legacy as one of the most generous human beings to have ever walked the earth. Saint Nicholas was known for his benevolence. In one instance, he rescued the three daughters of a poor man from becoming prostitutes by giving him three bags of gold to provide dowry for them to be married, throwing the sacks through a window at night.
It is also said on other versions that Nicholas dropped the bags off one at a time over three consecutive nights. On the third night, the man attempted to discover the identity of his mysterious benefactor, but Nicholas was shrewd and dropped the bag down the chimney. Later this story was modified by throwing in reindeer and replacing the gold for toys, to create the known legend of Santa Claus.
Whether you are shooting for gifts, personal jewelry or a fast and no hassle loan, Gems N' Loans in Oceanside, he's been providing service for over 25 years.
There are lots of different types of loans for borrowers in need. Cash loans, payday loans, personal loans, consolidated loans, and more. Many of these loans are considered installment loans because the borrower pays the lender back in scheduled monthly payments.
With the increase of online payday loans available to the public. The competition and fees associated are usually very high, and there is no collateral. However, your next paycheck acts as security for the loan. The lender uses and is granted access to your next check as for of security on pay back.
When looking fo fast cash in Oceanside, pawn shops like Gems N' Loans have been around for over 25 years and offer collateral loans to assist. The borrower just needs to bring in something of value they own, and give it to the pawnbroker as collateral for a loan. Then the pawnbroker loans you money against that collateral.
When you repay the loan plus the interest rates as low as 2%, you get your item back. However, if you don't repay the loan, the pawnbroker keeps the collateral.
No matter what the occasion, diamonds are brilliant and women find them irresistible. A wedding ring is no longer a wedding ring if it isn’t a diamond ring these days. A simple diamond bracelet or diamond earrings adds sophistication to any look. Even heirlooms that are passed down through the generations, can remain the most valuable piece in any woman’s collection, and, because they hold our diamonds so dear, many women shy away from buying theirs secondhand. However, the most obvious reason to buy diamond jewelry second hand is that it costs less. Diamonds are expensive and prices are rising. You can get quality diamond jewelry from a pawn shop in Oceanside for a fraction of the price you would pay retail. This means you can get a higher quality diamond for your price range.
Gems N’ Loans has a professional jeweler on hand willing to help you customize what you may already own, or what they have in stock. Your gold can be melted down and your diamonds put in a setting that you love. You will have a beautiful custom piece without paying retail prices.
The benefit of cash loans Oceanside given by pawn shops, are that they short term loans. If you need money for a very short period, you can repay the loan quickly as well. The interest rates can also go as low as 2%.
Unlike other institutions, they do not put your future salary at risk by claiming against your future pay checks. Most importantly, they do not require any credit checks, and use your item of value as collateral rather than you next pay check. Payday advances might wind the borrower up in perpetuating pay back mode making it difficult to catch up.
The entire process is extremely fast and easy to do. Paperwork is minimal and you will not need to share your pay stubs.
Learn more here!
Serving the U.S. Armed Forces requires many sacrifices. It can be tough on service members, veterans, and their household finances. Fortunately, military service members and veterans who need a loan have several borrowing options open to them when searching for cash.
Payday loans might wind up turning into a constant circle of paying back the first loans leaving the most recent paycheck short every pay period.
Pawn shops in Oceanside exist almost entirely for that reason. They serve as an asset to the community that they are in to help their customers through particularly rough moments of financial hardship.
Of course, there are other things that pawn shops do, such as buy and sell merchandise for instance, but the primary core of their day-to-day operations is working with people who want to make short term cash loans and use their items or possessions as collateral to secure that loan.
The loans that Gems N’ Loans make are called pawn loans, and when you make a pawn loan, you will end up getting cash right on the spot for whatever the loan amount was for.
When you plant a tree, add water and sunshine, and wait some years, a bigger tree that can possibly grow fruit will produce a certain amount of fruit yearly. All you have to do is walk up to the tree and pick the fruit off its branches. It's easy to do, you can gather as many as you need, and it tastes great too.
However, unlike fruit on trees, money is something that is not always so easy to come by. If you run out, you can't simply take a trip to the tree in your backyard and gather cash from it, as if it were fruit. In fact, to earn money, one has to work hard at their job, and even when one has money, they have to be careful about where they spend it because it's a limited resource. Thus this phrase is used to remind people, especially kids, that money is a finite resource and is not easy to come by, therefore, it doesn’t grow on trees. The term traces back to the late 1800’s.
This not to say that cash loans in Oceanside are dependent upon farming yields or coconuts falling from above. The idea that collateral loan can provide the necessary capital when in a bind. Pawn shops also have some of the lowest interest rates and more flexible than payday advance shops.
Learn more here!
Have you ever felt like you wanted nothing more than to be taken for a ride along a beautiful beach while on vacation. Veronica Cabrera was visiting from Uruguay, when she wanted nothing more than to rent a bicycle for her San Diego vacation. While looking for a bike rental shop she stumbled upon a pawn shop while in Oceanside. She realized buying a used bike no hassle was less than a rental. To her amazement, she was able to sell back the bike before returning to her country.
Pawn shops usually have great selections of quality bicycles for amazing prices, and unlike electronics and jewelry, it's usually pretty easy to tell just by looking whether or not a bike is a legitimate brand name or is in good, working condition.
Learn about our leisurely beach rides here!
If you are in need of some quick cash, have an attic or basement full of items that are of significant value, you might consider heading to a pawnshop in Oceanside. You could walk away with money in your pocket, however, novices should learn the ins and outs of how these transactions work before they even enter the shop.
Pawnshops aren’t the shady, scary places they often appear to be in the media, and have been unjustly vilified, therefore, people perceive pawnshops to be dirty and seedy. This is not the case with Gems N’ Loans. They have been in business for over 25 years and are here to serve your needs to the best of their capacity, in an honest way.
Pawnshops offer collateral-based loans — meaning the loan is secured by something of value. You take in something you own, and if the pawnbroker is interested, he will offer you a loan. The pawnbroker then keeps your item until you repay the loan. The loan amount will likely be a small fraction of the item’s actual value.
Return to pay the balance, including the loan amount plus all added fees, which are as low as 2% before the deadline, which is usually 1 to 4 months after the initial transaction.
If you didn’t already know, unlike payday advances, pawning your valuables doesn’t require you have a good credit score. Most pawn shops in Oceanside only care about the value of the item to secure the loan. They need to see that you have a reliable source of income to ensure that you can buy back your item within the allotted time period.
Payday cash loans that go unpaid, go to collections and can sue you. This forces you to collect the debt you own anyway. This results in negative credit marks that can remain on your credit report for more than seven years at the least.
Should one decide to go for a paycheck advance, they get your loan based on how much your household earns per month. Some states even limit the amount of money you can borrow from lenders. Some of these can be as low as $300, which often won’t be enough to get you out of a pinch, an often times leaves the borrower playing catch up to pay the last loan never getting ahead.
Pawn brokers cans lend you money based on the value of the collateral item.
Gems N’ Loans offers interest rates as low as 2%. If you have a necklace worth at least $1,000, you can potentially get up to a $600 loan out of it.
How did a violin that was bought at a pawn shop for $50, end up being worth about 5,000 times that.
At a place similar to Gems N' Loans Oceanside, had no idea what they were buying when they paid for the Ferdinando Gagliano violin, which was handcrafted in 1759 and is worth $250,000. The store manager was quoted saying that the bows alone are worth $16,000 to $18,000.
According to the police in that area, they said the violin was stolen during a house break-in and has since been returned to its rightful owner, and the seller had no criminal record and they’re still investigating.
You never know what you arguing to find at a pawn shop. Pawn broker is interesting and often accumulates heirlooms and antiquities that are historic in value and conversation. Most pawn brokers are through and sure to vet the merchandise coming in to hurt stores, to ensure they aren't stolen.
Find out if you have a valuable treasure in your collection!
Are you wondering how a pawn loan works? If so, they are easy to obtain and understand. Pawn shops in Oceanside offer loans that are a quick and easy way to borrow money without a credit check or hassle.
Gems N' Loans are based on the value of your collateral, not your credit rating or pay schedule. Subject to individual state laws, a typical pawn loan may have a term length of 30 days plus a 30 day grace period.
If for some reason, you are unable to pay back your pawn loan in full, including any applicable grace period, we offer extensions/renewals to give you extra time. You may also choose to surrender your collateral as payment in full.
The best bargain in a pawn shops is obtaining quick capital to cover your needs.
A good rule of thumb when it comes to pawn shop and pawnbrokers is that they have to know how much they are able to sell something for before they know how much they can buy it for or loan against it. Pawnbroking is one of the oldest businesses in existence today. It’s been around for centuries and in all of that time, while the items pawned may have changed, the basics have pretty much stayed the same.
One of the next major things that pawn shops will do when determining how much they can pay someone for an item is when they bring it into their stores is look to see what similar used items are selling for on Amazon. Regardless, shopping at Gems N' Loans in Oceanside has been known to offer many bargains and a wide selection on Gold coins.
Learn more!
Journey Along the Coast for Deals!
There are a variety of items you can find good deals on at pawn shops, including antiques and vintage valuables. Pawn shops in Oceanside sell deeply discounted electronics, fine jewelry, musical instruments and an array of collectibles or antiques that can net high prices in their respective niche markets.
This kind of diverse inventory has everything to do with a pawn shop’s business model. At Gems N’ Loans, their jewelry prices are normally about half of what you would pay retail and the quality is just as good. Some people may have an issue with buying “used” jewelry, but isn’t almost all jewelry “used” in some way, shape, or form? Diamonds are removed from one diamond ring and placed on another, where gold is melted and re-formed into new jewelry all the time.
Learn about our custom engagement rings!
Pawn Shop or Jeweler for Your Engagement Diamond
People often ask the question about whether shopping for a diamond at a pawn shop in Oceanside or with a jeweler is better. We have decided to write an answer to most of the questions often asked.
People might ask about buying a possible engagement ring in a pawn shop but don’t know what to look for. For example, they might ask how can I tell if its a good diamond and whether I can fix it up to look like its brand new, so my girlfriends won’t know I bought it in a pawn shop.
You will want to come prepared, so I recommend buying your own loupe if you are going to purchase from pawn shops. It also provides the added benefit of making you look more experienced, which may deter the broker from trying to take advantage of you. However, at Gems N’ Loans Oceanside, the staff are friendly and have 25 plus years assisting in the very task and questions being presented in this story.
Most couples, when going to pawn shops, are looking for a ring that is either very simple or has beautiful old interlaced details. I encourage couples to look at the un-attractive rings for their diamonds. We have seen some horrendous old rings with nice diamonds in them.
Whatever you do, don’t ignore rings that aren’t so appealing, because they often have some of the best diamonds that can easily be incorporated into new design by the master jeweler, again being again more cost effective.
We were able to custom design a light airy ring to show it off. The whole family will be surprised at how pretty you ring will be after re-purposing the older ring that might have been in safety deposit box for years.
