No matter if you are just starting out or if your finances have hit a rocky patch having no credit history or a less than stellar credit score can blackball you from being able to access money when you need it the most.
Getting a loan has traditionally meant an immediate check of your FICO score. FICO stands for Fair Isaac Corporation. FICO was a pioneer in developing a method for calculating credit scores based on information collected by credit bureaus.
Fico scores can range from 300 (worst possible score) to 850 (Best possible score) and everywhere in between. 300-579 Poor, 580-669 Fair, 670-739 Good, 740-799 very good, and 800 to 850 exceptional.
Your score is monitored with not just one bureau but 3. TransUnion, Equifax, and Experian. While the scores should all be very close to the same it is rarely exactly the same number. Its important to keep an eye on your scores and report any inaccuracies to the bureaus. You are entitling to 1 full free credit report per year by going to www.annualcreditreport.com. It is also a good idea to keep your reports frozen at each bureau if you aren’t planning on applying for new accounts any time soon. Identity theft hurts close to a million Americans every single year. It can be time consuming, frustrating, and expensive to fix. If you can prevent it all together, all the better.
What if you’re in that “Poor” credit group at the moment and really need a cash infusion?
Three words – Collateral Based Loan.
This is otherwise known as a pawn loan. If you have valuables that you own, you do not need to sell them and let them go. You can temporarily let a pawnshop hold your item or items in exchange for the money you need up to the value of the items pawned. You then sign a contract and make the agreed upon payments. Once the payments are complete you then get your possessions back free and clear.
In the meantime, you get cash in hand in a matter of minutes. Just bring in your items and let us make you an offer. If you decide to accept the contract is signed and you are on your way.
At First Pawn Jewelry and Loan of Naples and Lehigh Acres, Florida we don’t pull credit. We do not care about your FICO score. Our goal is to be able to offer you low interest loans at the best rates possible getting you the money you need when you need it so that you can get on with life.
Come see us!
We have two convenient locations.
First Pawn 889 Airport Road South, Naples, FL 34104 | 239-434-7296
First Pawn 1331 Homestead Rd N, Lehigh Acres, FL 33936 | 239-369-2274