It may seem tempting when you are short on cash to reach out and leverage your wallet against your next incoming paycheck. The problem is in the fine print. Payday loans offer short term relief and long-term strings.

Many borrowers start out with the best of intentions but when the amount plus interest comes due in the typical two-week period, they find themselves once again strapped for cash. At that point they have to borrow more money or pay another round of fees. This can lead to a cycle that digs a hole it is hard to recover from.

Payday loans can seem attractive because you don’t need credit and it is an unsecured loan, meaning you don’t need any collateral in order to access cash. The problem is that the interest rates are very expensive, and fees can easily add up.

Many payday lenders border on being legal loan sharks. While payday lenders won’t come to your house with a baseball bat, frankly that might be less painful. Once fees are added in and compounded many lenders end up with an interest rate of 390% all the way up to nearly 800%. It become close to impossible to catch up and pay back even when you make payments.

The best answer to payday loans is simply never to take one out in the first place.

There is an alternative and that is where we come in! We know you need cash to live life in 2020. Bills won’t wait and don’t care what your pay cycle is or that you just started a new job.

First Pawn Jewelry and Loan is a non credit check alternative that offers cash now collateral based pawn loans as well as offering top dollar for your valuables when you make the choice to sell on a permanent basis. Our contracts are set with reasonable interest rates and no hidden fees.

We never recommend that you take out  a bigger loan than you need on any item and we are happy to work with you if you need some wiggle room on a payment as long as you talk to us ahead of time. Our goal isn’t to keep your items and sell them, its to earn your trust and your business over and over again for life. You are far more valuable to us than any diamond as is your recommendation.

If you are in the Southwest Florida area, we have two locations in Naples and Lehigh Acres, Florida and we would love to work with you to get you the cash you need.

889 Airport Road South, Naples, Fl 34104 | 239-434-7296

1331 Homestead Rd N, Lehigh Acres, FL 33936 | 239-369-2274

We look forward to meeting you!

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