Payday Loans or Safe Collateral Loans

When searching for a cash loan, Payday loans no matter how reasonable they might seem, are almost always nothing less than a financial mistake.

According to Pew Charitable Trusts, almost 12 million Americans take out payday loans every year, and the borrowers are frequently those least able to afford the astronomical interest rates.

These types of loans are small short-term loans backed by your paycheck. When you apply for a loan, you have to list your next two or three pay dates on the application. After getting approved, you write a postdated check for the loan amount plus interest and fees. This money will inevitable be deducted from your next payday, leaving you in the negative once again.

We recommend alternative loans for fast cash urgency. The collateral loans business can offer the security needed during trying financial times. Pawn shops in Oceanside have been serving customers for over 25 years in this capacity. While everyone needs to survive, Gems N' Loans offers interest rates as low as 2%. The only commitment on your part, is that you bring in an article of value in exchange for the loan.