Payday Loans Don't Grow on Money Trees
It is understandable that everyone wants a quick fix when it comes to obtaining a cash loan fast. According to the Cambridge dictionary, the term "Money Doesn't Grow on Trees" was referencing to old saying: "Mum, I'd like a new bike." "I'll have to think about it - money doesn't grow on trees, you know!"In other words save or borrow when in need. The question is how to consolidate debt or find the financial assistance to help balance the brevity of a given situation. There are an assortment of options when it comes to fast cash loans. Many people are familiar with the popular payday advance. While this method has worked for some, we encourage looking for other options that might be less risky.
It is simple, this isn't a game of cards right? The borrower merely needs to determine their loan options based on the variables at hand. One is the idea of having to relinquish banking information to a payday advance institute, that will surely debit your account on the date of repay whether you have it or not. Now if the borrower is certain they will have the funds available to cover it, there shouldn't be a problem, outside of the to 400 % in interest included and compared to extremely high APRs.
Usually desperate times mean the potential borrower should avoid any risk of additional debt logically. This doesn't mean they are out of luck. For example, pawn shops will take anything valuable in exchange for a cash loan, charging lower interest on payback, leaving the risk of losing the collateral used in exchanged if the loan is defaulted on. This means bank account untouched and no credit checks.
A pawnbroker is another term for a collateral lender. Pawnbrokers lend money on items of value ranging from gold and diamond jewelry, musical instruments, televisions, electronics, tools, household items and more. Some may specialize in certain items like tools or designer handbags. Their loans are based on the value of the collateral as mentioned. When a customer pays back the loan, their merchandise is returned to them, with no hassles. This is great for people who have things they never use, therefore, they don't even miss them while they are in possession of the pawn shop.
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