Vadim Ru
September 28, 2016

Can a Pawnbroker Help Me When I Need Cash Fast?

Many of us are faced with a situation where we need cash – fast – for something we hadn’t anticipated or planned for properly. But if you have had a problem in the past and your credit history has been affected, you might find it a struggle to get an instant loan from your bank. That is where a pawnbroking service could be of help.
What is a pawnbroker?

Pawnbroking is the tradition of exchanging an item for a set period of time in return for cash. People have been using pawnshops for thousands of years; it likely originated in ancient China. The industry thrived in ancient Greece and Rome and has continued to do so throughout history. In 1872, The Pawnbrokers Act was passed, establishing guidelines and restrictions for interest rates. As a result, the industry was better regulated and pawnbrokers were not allowed to sell stolen items in their shops.
How does it work?

A pawnbroker loans money in return for an item of value. They keep hold of the item for a set period of time, during which you can choose to pay an amount, plus interest, to get it back. After that set period of time has expired, the item (it might be referred to as an asset, or collateral, for the purposes of borrowing money) belongs to the pawnbroker and they can sell it.
What are the advantages of using a pawnbroker for fast cash?

A major advantage of seeking a cash loan from a pawnbroker is that they will not be concerned if you don’t have a credit history – and they will not carry out checks. You can simply turn up with your item of value, receive a valuation, and hand it over for instant cash.
What can I use to secure a loan?

Different pawn shops accept different items and their terms and conditions can vary. It is advisable to take your item of value to a licensed Pawnbroker, such as Hock Your Ride on the Gold Coast, so you get a fair deal. With locations in Yatala and Burleigh Waters, Hock Your Ride specialises in providing loans based on collateral with value, such as cars, motorbikes, trucks, boats, caravans, jet skis, trailers, machinery, and bikes. They require two forms of identification, one of which must be a photo I.D. If you secure a loan against your car, your vehicle is stored on their secure premises and they offer cash within minutes, based on an accurate valuation. Their website has an online form which can be filled out and submitted so you can get an idea of how much you can borrow in an easy, confidential format.

We Loan Cash Fast Against Your Ride. Contact us today and get your Cash Loan now!

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