If you are in need of a pretty good amount of money right now, you may not have a lot of options to choose from. One of the first things many people do when they need money is to turn to family members or friends, but if you don't have this option for any reason, then you'll need to find another way. Here are some other options and the reason why a jewelry loan may be your best bet.
Credit cards take a while – You can get a credit card when you are in need of some money, but the process for actually having the card sent to you can take a couple of weeks or more. When you need to get your hands on money fast, this just won't work. Plus, you will need to be approved for a credit card which will require you to have a certain credit score.
Personal loans have a lot of red tape – Personal loans through a lender have a lot of red tape you will have to get through before you will be approved. Also, it can take a while for you to gain access to the funds once you have been approved for the loan. These loans can also have a very high-interest rate and terms that may leave you in a bad financial situation for a long time, while you fight to pay that money back to the lender.
Payday advance loans can be an easy cycle to get caught up in – Payday advances can be quite easy to get, and you can get the money handed to you right there. These can be good options for some situations. You will write a post-dated check that is dated for the day the loan is due. When it is due, you will go in and pay it off. If you don't, then they will cash your check to get their money back. However, having all that money come out of your next paycheck can be hard, and most people find they need to take out another loan that same day to make it to the next payday and the cycle can continue for quite a while.
Jewelry loans can be great – If you have gold and/or silver jewelry, then you can use it to get yourself a fast and easy loan that you may find a lot easier for you to pay back than the options stated above. You will get a loan on your jewelry and have to pay a percentage back by a certain date until it is all the way paid off, then you get your jewelry back.
For more information on jewelry loans, contact your local financing service.
Share18 April 2018
I really wanted to buy a golf cart to use to get back and forth from the bus stop and my sister's house. What I didn't realize when I first started looking at golf cars is how expensive they can be. That was when I began looking into financing options. I had to decide whether to use the financing services through the golf cart sales place, or to go around them and find a loan on my own. I took my time to learn the pros and cons of each type of loan that I was considering. Scroll through my site to find the pros and cons of different types of loans.
