At some point in our lives, we all need a little help financially. Some of us may not be lucky enough to have family or friends that are able or willing to simply lend us the money. That’s when the search begins.
No one ever wants to take out a loan, but the thing is – life doesn’t care. It goes on anyway. Things happen that are out of our control. Sick kids or pets, broken windows, flat tires, car break downs, you just never know. Worse yet they seem to happen at the worst possible times when you just don’t have extra cash in the bank.
Fortunately, in 2019 there are several lending options. Choosing where to go and from whom to take out a loan can make a big difference in your ability not only to pay it back but to recover fully in the shortest possible time frame.
Taking a look at your loan options:
TRADITIONAL BANK LOANS
There are of course traditional bank loans. These are very stable and trustworthy. The only issues become credit checks and provable income streams. They also are not instant and take time for approval as well as check issue. Each credit check will stay on your credit reports on all three bureaus for several years. They ding your FICO score slightly with every inquiry so it is best to avoid applying for things you don’t absolutely need to or those items which you may be turned down for.
ONLINE LOAN OPTIONS
Applying online is super convenient. It only takes a minute or two and you have a decision. But do you really know who you are borrowing from? Can you trust them with your information? This is risky. While they may just be a good solid lender, you may also have your personal information sold to a third party and risk identity theft. Nearly 1/3 of all online loans reported an unauthorized withdrawal from their account during the life of the loan. Online payday loans can be sketchy.
COLLATERAL LOANS AT PHYSICAL LOCATIONS
Thankfully there are other options. You do the loan in person at a brick and mortar store you know and is trusted by the community. The process is much safer. You have no credit check. No traditional loan process. The payment is in trade for your item or items, as collateral. When the money is issued the amount is agreed upon up to the full value of the item. You do not have to withdraw the entire offered amount.
You agree to a contract and amount to be paid back and can make payments right at the store.
There are never any harassing calls and no debt collectors. You either pay the loan back or decide purposefully to forfeit the item keeping the cash. Either way that is the end of the transaction.
First Pawn Jewelry and Loan is proud to be able to offer collateral-based loans to our residents here in Southwest Florida at reasonable prices which make both parties happy in the transaction.
Need a loan? Give us a call or stop on in. We would love to work with you.
Visit our showrooms today for spectacular bargains. www.firstpawn.com.
First Pawn Jewelry & Loan
889 Airport Road South, Naples, Fl 34104 | 239-434-7296
1331 Homestead Rd N, Lehigh Acres, FL 33936 | 239-369-2274