There is a good chance you are. “Wait, what do you mean I’m missing a link? You think I’m slow or something?” Don’t get all defensive on me, let me explain.
Let’s say you move to a new state, town, or city. You unload the moving truck, get all your stuff inside. Then the real fun begins! Get the kids signed up for school, get your water and electricity turned on, figure out where you’re going to shop for food. These are all simple and basic. Now you have to find a doctor for you and your kids that take your insurance. Don’t forget about a dentist. And the list goes on and eventually, you consider yourself settled.
But are you…?
Insert Twilight Zone Theme Song Here
Why you need a pawnbroker
Did you know that 7.1 million households in the United States are unbanked? That means that no one in that household has a checking account, savings account, money market account, or anything else having to do with a bank.
How about this little-known tidbit. 16% of adults in the United States are what you would call underbanked. This means that they may have a checking account, but they also use alternative methods of banking such as title loans, money orders rather than checks, etc.
Okay, so what’s the point of all this information? Think about it. There are tens of millions of people that are either unbanked or underbanked. Maybe you are one of them, or maybe you know someone who is.
Or maybe your situation is different, like you’re a self-employed business owner who occasionally needs money for an unanticipated expense and doesn’t have the time to wait for the loan application process at a bank.
You need a pawnbroker in your life!
Isn’t That A Bit Extra?
No, not at all! What do you have to lose? Follow me for a second. A pawnbroker is not only a small business owner who helps support his local economy. He or she can be a great friend and ally in uncertain times.
Let’s say you are unbanked. You’re one of those folks that would rather stash cash under your mattress than become a nameless, faceless account number. You have that freedom; you have that right. But with that decision there are some things that become difficult such as getting a loan unless you have a pawnbroker in your circle!
Sell your stuff to the pawn shop!
Okay, so you’re all moved into your new home, and you realize you need a television for the kids room. The problem is you just spent all your extra money on the move and you just don’t have the cash.
Your local pawnbroker can make it happen for you! Here is what you do first.
Go to your local pawn shop and check out their selection of TV’s. Chances are you will find one for way less than trying to get one brand new.
If they don’t have one, take a look around the house and see if there is anything you can do without. You just moved in so you should have a pretty good idea of what you have lying around. Maybe some old jewelry, a video game console nobody plays anymore. The possibilities are endless!
Now, go back to the shop and see what kind of deal they can make with you. You can sell your stuff for an amount everyone is happy with, and then either pay for your new TV, cash, on the spot, or you can put it on layaway with a nice down payment.
Pawn Shop Loans. A Great Alternative
Chances are, if you are unbanked or underbanked, you have very little to no credit history. There is nothing inherently wrong with that, but it does make getting a loan close to impossible at a bank.
Not at the pawnshop! At the pawnshop, there is no credit required!
Really? Yes, really! When you get a loan at the pawnshop, you bring in an item, let’s say it’s a Macbook. You and the pawnbroker come to an agreed-upon pawn value of said Macbook. The pawnbroker hands you cash and your pawn ticket, and you walk out feeling pretty good about it. The pawnbroker carefully stores your item in the back until your loan is paid in full.
Okay, so what happens if I don’t pay my loan off?
Simple, you don’t get your Macbook back. This is why there is no credit required. The pawnshop is going to make the money back one way or another.
Quick sidenote: Pawnbrokers don’t actually want to keep your stuff because you default your loan! So, if you’re not able to pay off your loans in full, be sure to reach out to the pawnbroker to explore your options. Even if you default on a loan, your credit isn’t impacted, and you’re still eligible for another loan on a different item at the pawnshop. This is a great opportunity to forge a long-lasting, positive relationship with someone who can help you out when things go sideways, and hook you up with more money!
Shop at the pawnshop
Nowadays, all of us are looking to save money and shop sustainably. The pawnshop offers you the opportunity to do both. Pawnshops offer high-quality goods at a fraction of the retail price. Their inventory often includes fine jewelry, luxury watches, designer goods, electronics, tools, equipment, and more. Knowing a pawnbroker is always a great idea when you’re looking to make a big purchase whether it’s something you need like a new laptop for school or something you want like a diamond jewelry or a luxury handbag.
At The End Of The Day: Everybody Needs a Pawnbroker
Everyone should have a pawnbroker in their life. The vast majority are friendly, caring, and want to help people in their communities. Just like a doctor or a dentist, they provide services that no one else can. Maybe you need just a few more bucks to handle a bill that was a little higher than usual. The pawnshop can help!
Maybe you need a bigger loan for a plane ticket to go take care of a relative for a while. Maybe you need to upgrade your DJ equipment. Whatever the need is, there are pawnbrokers out there that can help. Get to know yours today!
Do YOU have a pawnbroker?
