My husband and I going through a minor financial crisis; we need to pay off our credit card debts that threaten to jeopardize income and inflate our other expenses. We were thinking about taking a short term family loan that would not exceed $2000. It needs to be quick and confidential so we came across some pawnshop. Is it ok to borrow money that way?
Pawnshop is kind of loan you want: quick and confidential and offers you the amount you need. As far as I know you can borrow from them for almost anything of the resale value. Their exclusive loans are collateral and can even be based upon jewelry, real estate and other valuable items. In fact, you put up collateral, they estimate the value of your item and then give you cash for exchange and offer you 4 months and 10 days to repay your item (amount loaned plus interest). Interesting thing is that you can extend your loan for exact period of time by paying only interest.
