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.