5 Great Reasons For You To Get An Online Pawn Shop Loan
Has an unexpected financial hurdle arisen leaving you feeling as if the walls are closing in?
Don’t fret, in this economy even the most successful businesses are faced with financial hurdles all the time. Unfortunately people are finding it harder and harder to receive loans from their banks because in this tight economy loans are based on credit score, loan history, and employment history. If those three items are not in your favor then you may not be able to receive that short term loan to get you over the hurdle. Luckily for you there has been a recent emergence of online pawn shops offering their short term collateral loan services specifically for people who need a little help getting through their financial emergencies.
5 awesome reasons why you should use online pawn shops to overcome your financial challenges
Privacy: Loan seekers no longer have to drive to a bank, pawn shop, or cash advance storefront to try to get a loan. In fact, by using an online pawn shop, no one has to know that you are taking out a short term loan. The loan process is all done online from the privacy of your office or home. We also have an iPhone app that allows you to receive a pawn loan on the go. All online pawn shop loans are confidential, secure, and fast.
No credit checks: Online pawn shops do not require credit checks because we depend on the current resale value of your valuable item to secure your pawn loan. We never report loans to the credit agencies allowing clients with all different types of credit scores to receive a loan.
Fast processing: There isn’t a worse feeling when you are in a pinch for cash and your bank informs you they won’t be able to process your loan for a few weeks or longer. At Pawntique, we understand that unexpected money emergencies arise in life and no amount of planning can prepare you for them.
By getting a short term loan from an online pawn shop you can have the cash you need to get you through your emergency within 24-hours. Tweet this!
Flexible payment periods: The typical length of an online pawn shop loan is three months. At Pawntique, we are flexible and offer loan extensions if longer loan periods are needed. We also don’t charge a fee if you would like to pay off your loan earlier. If you get back on your feet faster than expected and would like your item back as soon as possible, you can simply pay off your loan whenever you are ready to.
Low interest rates: Online pawn shops offer loans with an interest rate from 3-6% per month. This interest rate is significantly lower than traditional brick and mortar pawn shop interest rates, which range from 10-25% per month. Online pawn shops are able to cut down their operation costs because they do not have the expenses that come with a brick and mortar storefront. Therefore they can dramatically lower their interest rates for pawn loan customers.
Post by Don BattisDon Battis
is the CEO of Pawntique.