The Benefits of Online Pawning

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Pawning has become a popular subject of late. Not only are many people watching the television shows, many are pawning precious objects themselves. With the economy the way it is, many people are being refused bank loans. This lot is the one finding refuge at pawn stores. Expensive things like luxury cars and watches, precious jewellery and fine wine they may have bought when the money was flowing is now being pawned.

Since this is the Gen Next, unsurprisingly, many of these transactions are being conducted online. Though online pawn shops have been around for a while many people are still sceptical. Here are some pointers to help you look past the age old preconceptions and make up your mind about them. Is pawning online really helpful? Read on to find out.

§  The online stores are open 24x7. This means that whatever the time may be, you can always checkout the loan options and ask for a call back from the company.

§  Almost anything can be used as collateral. In times of dire need, the vintage wine collection that may have turned from a favourite to an eyesore can now put a temporary end to your troubles. All the jewellery, whether silver, gold, platinum, diamonds etc, can also be collateral. The fancy bike that was bought on a whim can now actually serve a purpose.

§  Bad credit is not a deterrent. This is one that will come as a relief to many. Bad credit has caused many a bank loan to be refused but for once it will have no say in whether you get a loan or not.

§  You can get the loan on your own. If the point before wasn’t good enough to make you smile, this one definitely will. You no longer need a guarantor for loan approval. As long as your stuff is genuine, you’ll get your loan.

§  This is the fastest loan you’ll get. It is possible, under the right circumstances, to get the loan within twenty-four hours. In case of an emergency, whether medical or otherwise, this loan is the one to apply for.

§  The loan you can get from the privacy of your room.  You don’t have to travel to any dodgy lanes or meet with suspicious looking people to finalise your loan. You can complete the entire transaction while sitting in the comfort of your own home.  

      In nutshell, short term loans are just a click away.

When is It Okay To Get a Loan Against Your Jewellery?

There are many occasions in life when you will be required to put down a substantially large amount of money. Whether that’s for business or for personal reasons, sometimes you need this money in a hurry. During such a time, getting a bank loan or pawning your jewellery is an option you can entertain. Unlike a house that you can mortgage or a car that can be put up as collateral, jewellery is far easier to pawn but has more emotional value. So here are some occasions when getting a loan against your jewellery is actually worth it.  

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1.     For medical emergencies:                                                    

In the event of any medical emergency or a sudden medical situation that requires long term hospitalization, lack of funds is a common problem. To ensure that a loved one gets the best possible care as soon as possible, or for as long as possible you may require more than what your insurance is willing to cover. In such a case getting a loan by putting up your jewellery as collateral could relieve some of the financial burden.   

2.     For higher education purposes:                                                          image courtesy: http://goo.gl/baK8Z

If your hardworking, committed and straight ‘A’ getting son or daughter has received a letter of acceptance from some of the premier universities in the country or internationally, the lack of sufficient finances should not be a reason to put a dent in their future success. If it is not possible to get an educational loan to cover the whole cost, jewellery that is worn infrequently can come to the rescue.

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3.     For buying or renting residential properties:

You’ve finally found your dream home and you need to put a deposit on it before other interested parties beat you to it, but you don’t have the cash on hand. Here,  a quick cash loan against your jewellery would be the optimal situation.  

4.     For business purposes:                                       image courtesy: http://goo.gl/F372R

If you’re a small business owner, entrepreneur or freelancer, getting a business loan may not always be possible for various reasons – bad credit score, disapproved business plan etc. In these circumstances you could always take out a loan against your jewellery to give your professional career the boost it needs.

5.     For personal milestones:                               image courtesy: http://goo.gl/FUwC2

Whether it’s an engagement, a wedding, a honeymoon, an important birthday or anniversary, certain occasions deserve something a little extra special. Whether you want to fly your wife of 25 years to Paris or gift your husband a Rolex on his fortieth birthday or give a lavish wedding reception for the granddaughter that’s the apple of your eye, you may need some help with the finances. If you have a piece of jewellery that’s been lying around for a while, why not use it to add some happiness to a loved one’s life.     

If you’re facing a cash-crunch and you need to pay for any of the above and you’re asking the question, “Should I get a loan against my jewellery or should I sell it?” you should consider the first option. Unlike selling off your jewellery and parting with it permanently, with a loan at least you’ll have the chance to get it back if you want to.

8 Advantages Of Pawning Your Stuff Online

If you’re planning to pawn something but are wary about visiting many pawn shops, go online. There is a large presence of pawn brokers on the internet with offers and plans that can actually benefit you. Read on to know the advantages of pawning online.

You’ll get a loan even if you have bad credit.

Credit history has no bearing on an online site’s decision to give you a loan. Whether you have good credit bad credit or no credit record, you are eligible to get a cash loan against your valuables.

You’ll get a loan overnight

An emergency is one of the primary reasons for people pawning their valuables. Whether financial or medical, in an emergency quick cash is the need of the hour and online pawn stores will be able to provide you with a loan in 24 hours.

You’ll get a loan you even if you don’t have a bank account.

A bank will not give you a loan if you do not have a single bank account. Unlike banks online pawnbrokers do not require you to have a registered bank account. As long as you have some form of identification, it will suffice.

You’ll get a loan for projects banks don’t approve.

Bank loans are subject to approval. For example, if you need some money to put into your small business or any other entrepreneurial project, you will have to present a business plan to the banks. And if they don’t like it, they won’t approve of it.

You can put up almost anything precious as collateral.

Banks prefer immovable objects like lands and homes as collateral. At an online pawn store you can put up any valuable object from wine collections to silver charm bracelets as collateral.

You don’t need a co-signer.

When you take a bank loan, you are required to have a guarantor or a co-signee who is responsible for the loan payment in the case that you default on the payments. At an online pawn store you and your collateral are the only thing required to sanction a loan.

You can be discreet.

Privacy is often a matter of concern for those pawning luxury goods. They don’t want to have to walk into a pawn shop. Online stores are discreet and you don’t have to leave your house to evaluate or get back your valuables.

Open 24 x 7

Whether it’s the middle of the night or the day, an online pawnbroker will be able to take care of your needs. Open twenty four hours a day all year round, you can find the information you need, as soon as you need it.