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.
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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.
