Pawn Shop Loans: Are They a Good Idea? | Advance America

3 days ago · Pawn Shop Loans: Are They a Good Idea? ... In Ohio, loans offered by Advance America Cash Advance Centers of Ohio, Inc., Lic.# ST. 760166.000, main office located at 322 Rhett St., Greenville SC 29601. In Texas, loans arranged with an unaffiliated third-party lender …

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Are Pawnshop Loans Worth It? – Forbes Advisor

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Apr 25, 2024 · In comparison, the average personal loan charges a rate of around 15%. Let’s say, for example, your pawn has a resale value of $1,000. The pawnbroker offers you a loan that’s …

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Pawn Shops And The "Loans" They Offer" Contrasted With Other

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But lets say you have something valuable you want to keep but need money quickly for whatever reason, thats when you would use a pawn loan. Guitar worth $500 resale, pawn shop loans …

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Where To Get A $200 Loan Fast - Advance America

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Oct 1, 2024 · Here’s how you can get a $200 loan when you need it most: Compare lenders. Start by researching online to compare $200 loan options from reputable lenders. Complete your …

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FAQs about Pawn Shop Loans: Are They a Good Idea? | Advance America Coupon?

Is a pawn loan a good idea?

Unlike a personal loan, a pawn loan can be a quick way to borrow money because it doesn’t involve a credit check or application process. Your loan amount is based on the value of the item you pawn. For instance, if you own a name-brand guitar, you may bring it to a pawn shop so that a pawn broker can figure out its value. ...

What is a pawn shop loan?

Pawn shop loans are short-term loans that are secured with something valuable you own, like a guitar or a piece of jewelry. If you opt for a pawn shop loan, your loan amount will be based on the value of the item your pawning. If you own a diamond ring, for instance, you can bring it to a pawn shop loan to get fast cash. ...

Can a pawnshop get cash without a credit check?

While some personal loan lenders offer emergency loans for bad credit, if you need money almost instantly without a credit check, you can walk into a pawnshop and get cash in minutes. You only need a small amount of cash. Pawnshops generally only accept small items, and only offer loans for a fraction of their value. ...

Are pawn shop loans a good alternative?

Credit cards can be another great alternative to pawn shop loans, as they typically come with lower interest rates. If you get approved for a credit card, you’ll be able to spend as much or as little as you’d like up to your set credit limit. Once you rack up a balance, you’ll need to make at least the minimum monthly payment every month. ...

Can you get a pawn shop loan if you have bad credit?

As long as you’ve got an item of value to pawn, you can secure a pawnshop loan. Your credit score won’t be at risk. With most lenders, failing to repay a loan is brutal for your credit score. But a pawn shop will simply sell the item you left as collateral without informing the credit bureaus. You can get money immediately. ...

What are the pros and cons of a pawnshop loan?

Here are the pros and cons to consider. Pawn shops don’t care about your credit score. As long as you’ve got an item of value to pawn, you can secure a pawnshop loan. Your credit score won’t be at risk. With most lenders, failing to repay a loan is brutal for your credit score. ...