Posts made in March, 2015

4 Tips To Get The Best Price For Your Goods At A Pawn Shop

Selling one of your belongings to a pawn shop is a quick way to make cash when you need it, but you should approach pawn-shop negotiating the right way. After all, haggling is an art form, and pawn shop workers and owners have lots of practice. Use the following four tips to make sure you’re walking away with the amount of money you deserve.

Do Research Before You Walk Into A Pawnshop

If you’re headed to a pawn shop to sell a used DVD, then maybe extensive research on the price of the DVD isn’t necessary. However, if you’re selling a rare item, an autograph, jewelry, an antique family heirloom, or a painting, it’s worth doing a bit of research beforehand. Otherwise, you could end up selling an item worth thousands for a bargain basement price.

Research could mean doing a simple search online about the item you’re selling, but often it’s an even better idea to have your item appraised first, especially for items like antiques or jewelry. This will give you an idea of how much you should be getting in the first place. Also avoid using appraisers that a pawn shop supplies, as they often have a working relationship with the pawn shop, and have an incentive to value your item at a lower price.

Never Share the Price Of Your Item

You might know perfectly well how much you paid for an item or how much your item is actually worth, but that doesn’t mean the pawn broker has to know. Letting the pawn broker know how much you paid creates a narrow price range that the pawn broker won’t go above, leaving you at a disadvantage.

Research The Pawn Shop in Advance

Often, you can do a quick online search on pawn shops in your area. If a pawn shop is really known for unfair negotiating tactics and offering cheap prices, then it’s a good idea to steer clear. Try to find a reputable pawn shops with reasonably good reviews, and you’ll likely have a better pawn shop experience.

Don’t Be Afraid To Walk Away

It’s often a good idea to walk into a pawn shop with a minimum price you want to receive for an item. Otherwise, you might be talked into going way lower than you initially thought. Remember, a pawn broker is usually going to give you 50 percent or less for what they think they can resell the item for. That’s just standard pawn shop practice. However, don’t be afraid to walk away if you think you’re not getting a fair deal. Visit a shops like A J’S Super Pawn Inc to get started.

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Exposing Myths About Payday Loans That Might Be Misleading You

Being short on money can create tremendous headaches and stresses for almost anyone. Sadly, there may be times where these problems are bad enough to force someone to struggle to put food on the table. Fortunately, payday loans offer you a way to provide a temporary infusion of cash to help you make it to the next time you get paid. Yet, there may be myths that you have heard that can persuade you from pursuing this option in this time of need. 

Myth: Bankruptcy Will Prevent You From Qualifying For A Payday Loan

There are millions of people that will have to seek the protection of bankruptcy court at some point during their lives. Unfortunately, this protection can make it extremely difficult for people to obtain traditional lines of credit for several years following the filling. While many people assume that these restrictions will apply to any form of credit, this is not true because payday loan companies will generally not consider a person’s credit history.

Rather, these providers are only interested in determining the applicant’s monthly income and employment history. As long as you can demonstrate a stable work history with enough income to repay the loan, most providers will approve you. 

Myth: Payday Loans Must Be Paid Back All At Once

Another common belief about these financial tools is that these loans must be paid back in full with your next paycheck. However, this would make it virtually impossible for individuals to ever recover and stabilise financially. Luckily, this is not the case, and these loans can have favorable repayment terms. 

In most cases, your payments will be broken into many small amounts that will be owed at each time you get paid. Unlike other loans which are based on standard payment cycles, payday loans are tied to your pay schedule. As a result, you will likely have a payment due on every payday for the length of the contract. Interestingly, if there are instances where you cannot make a particular payment, there are some lenders that offer individuals the chance to postpone a set number of payments, and taking advantage of these policies can greatly enhance the convenience of repaying these loans. 

Payday loans can be an effective way of ensuring that you have the money you need when you need it. However, many people believe incorrect information about these loans, and this may cause them to overlook this option. By knowing that a past bankruptcy will not impact your approval and that you can pay these loans back in a series of installments, you may be better positioned to decide whether a payday loan is right for you. 

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Do You Need Money Right Away?

Nobody intends to run out of money. It could be that you have unexpected car repair bills or medical bills that weren’t anticipated. Or, you might have the wonderful opportunity of going on a trip with friends, and the funds are not readily available. Whatever the reason, there are times when you need cash, and you need it right away. When that happens to you, here are some steps you can take that might help.

Head To A Pawn Shop – If you have something of real value, pawning it at a reputable pawn shop is a real consideration. The benefit of using a pawn shop is that you can return to get your item back. The down side of pawning is that if you don’t have the money to retrieve your item by the appointed time, you will more than likely lose it. However, overall, pawn shops are definitely not the scary places that are depicted in old movies!

Get A Cash Advance – Getting a cash advance is a great way to get extra funds in a very short time. A cash advance loan is sometimes called a payday loan, a small dollar loan, or a check loan.

  • This form of borrowing money is meant to be a short term loan, usually due by your next payday, and is for a small amount of money, usually $500.00 or less.
  • Your credit card company may let you withdraw a certain amount of cash through an ATM or from a bank. When you use your credit card company, a transaction fee is usually charged to your account.
  • The lender will have access to your checking account, or you will be expected to write a check for the amount of the loan, with the knowledge that it will be deposited on the day that has been agreed to by you and the lender.
  • If you need to extend the time that you will pay the company back, that can usually be arranged. Another action that you can take is to pay the loan back in installments.
  • Use payday loans very cautiously, paying the amount you borrowed by to the lender as quickly as possible. Remember, obtaining cash advances also means having high interest rates. However, the fact that getting a cash advance is quick and easy is a very good reason to use it.

Good luck on working out your finances.

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