If you need cash in a hurry, a pawnbroker is the best place to get it. By pawning belongings you don’t need, you can access a range of benefits that aren’t available with other types of loans. Many pawnbrokers also offer payday advances, making them the perfect place to turn if you’re behind on your bills or an emergency expense pops up.

Speed

When you get a pawn loan, you don’t have to sit through an application process or wait for funds to clear. Pawning only takes one visit, and you’ll walk out with the cash you need.

No Overdraft Fees

When you pawn an item, you’ll have to pay a small amount of interest on the loan to get it back. This amount is often much less than the overdraft fees your bank will charge if you empty your account. If your choice is between pawning an item or risking bank fees, a pawn loan is by far the better deal.

No Credit Check or Risk

When you deal with a pawnbroker, the collateral on the loan you take out is the item you leave behind. There is no risk for the broker; if you don’t pay, they’ll simply sell your item. For this reason, they don’t care about your credit score. Similarly, if you fail to pay back your pawn loan, your broker isn’t going to tell anyone. You’ll lose your item, but it won’t affect your credit score.

Easy

Above all, a pawn loan is simple. You bring in items with some value, like jewelry or electronics, and receive some money and documentation about the loan. If you pay the loan off within the specified period, you’ll get your item back. If you can’t, the pawn shop keeps it and can sell it to recoup the loss. You won’t need to worry about paperwork, qualifications, or complex conditions.

If you’re coming up short on your expenses, visit Moore Pawn & Furniture in Lincoln, NE, today. This trustworthy and long-established pawnbroker can offer you loans of up to $50,000 for your valuables, giving you a chance to meet any difficult financial obligations. Visit them online for further details, and call (402) 477-5116 if you have questions.