Pawn shops for the affluent

Up until now it’s been a well kept secret in wealthy areas but the word is out, Pawn is a totally acceptable way to get money quickly . Pawn shops are going upscale. Of course, only a select few can really call themselves upscale. So what is a business person to do when the people they do business with say that the check is in the mail? What are you to do when your lifestyle and your income don’t quite match up or you’re asset  rich but cash poor as is common here in South Florida? So what are your alternatives, you could go to the bank then  wait 30-45 days and pay thousands in fees upfront? Or worse they won’t give you a loan unless you already have a lot of money. Generally speaking when people need a loan they need it now rather than  later. Enter the quick fix, the upscale pawn shop.Pawn shops for the affluent

Here’s how it works. The pawn shop is great for a loan that’s generally of a shorter term say a couple of months or so. It is going to cost a bit more than a traditional loan but depending on the store there shouldn’t be any upfront fee like the bank would charge which , of course, is considerable. Your terms would generally be interest payable every 30 days and then pick it up whenever you are ready. Flexible terms are extremely important for the business owner who’s waiting for a check that may or may not be sent in a timely manner. All you are required to do in a Pawn shop is bring in an authentic high end watch like a Rolex, diamond jewelry, designer jewelry, Hermes, Louis Vuitton or Chanel handbag etc and your ID. It generally takes only 10 minutes or so to do the paperwork as there is no credit check for a collateral loan. Out you walk with your money! There is no easier or quicker way to make payroll, pay your mortgage, rent, medical bills, college tuition for your kids etc. No one wants to have to need a loan but isn’t it nice to know that it’s so quick and easy if you find yourself needing one. When your money comes in whenever that may be all you need to do is pay back the initial money that was loaned to you and whatever interest you owe. It’s the same 10 minutes or so in reverse. A signature on one piece of paper and you are good to go.

A loan from a pawn shop can obviously solve so many issues so quickly that it makes a great deal of sense. In fact it’s probably one of the few alternatives that are left to someone trying to make payroll or pay an important bill usually the same day.  Next time you have a short term cash emergency think Pawn!