Browse Month: January 2020

Why it is not good to pawn your belongings for loans

We have all had economic urgencies in which on many occasions despair has caused us to resort to various financing that instead of favoring us, has further damaged our economic situation.

It may be faster to get money from a relative or an acquaintance through the famous “informal loans.” However, even if they help you out of trouble, informality can make interests vary and you won’t have any legal protection to support you from the whims of the lender.

Another almost traditional option in our country and that puts at risk not only your personal finances but also your belongings is to resort to the institutions of pledge loans, better known as Pawn Shops, where to obtain a certain amount of money you must leave Well furniture as a guarantee.

If you’ve ever considered pawning your belongings to deal with your emergencies, you need to read the following.

Risks of pawning your belongings

Risks of pawning your belongings

Finding a Pawn Shop is not difficult, there are everywhere and this popularity is because they can give you money for any purpose. No matter what you wear, they evaluate it and give you an amount in return, and although it seems a simple and advantageous option, it can actually be very risky.

You do not receive the real value of your belongings

Surely you thought that for that television they were going to give you a lot of money and it turned out that you did not receive even half of what it cost you. Although many Pawnbrokers boast of offering 70% or 80% of the commercial value of the product, these are only a maximum and vary depending on the conditions of the object (the use it has received, how modern it is, its functionality, etc. .).

Because of this, for many, it makes sense that the more valuable the garment, the more money they will receive and therefore end up pawning objects such as jewelry, cars and even property.

Interest rates are the highest. When you need the money immediately, the least important thing is knowing how much you have to pay interest. However, before you resort to a Pawn Shop, you need to know that within the Financial Institutions that offer personal loans, they have the highest interest rate compared to the liquidity of your goals. In short, you can pay much more than they will give you for your belongings.

Few recover their belongings

Few recover their belongings

Having an extremely high-interest rate, it is very difficult for people to pay the amount that lent them more interest generated.

In addition, when you do not comply in time and form as established in the contract (which we recommend you read before signing), the Pawn Shop is fully entitled to sell your belongings, and at a very different price from what they gave you.

It is easy to fall for fraud and deceit

It is easy to fall for fraud and deceit

As we mentioned at the beginning, Pawn Shops are everywhere, but very few guarantees that their procedure is legal. When your belongings are evaluated and you agree on the amount they offer you, they must provide you with a ballot or contract that stipulates the entire legal procedure of the loan (how much they offer you, under what conditions, what the payment terms are, what happens in case of not paying).

In this document, they must include the registration number that Profeco grants them if not, you can enter the Commercial Bureau section of this agency to know its status. That it does not appear means that it is not registered and that you can be a victim of a scam.

Do you need money safely? Then opt for personal loans online. In Good Finance Mexico we guarantee security and ease of processing, as well as an immediate amount that allows you to cover your emergencies, but that does not exceed your borrowing capacity. Do you want to apply for one of our secure online loans? 

Instant loan without Credit bureau for unemployed

If you are unemployed and also have a negative entry at Credit bureau, it is difficult for you to get a loan or loan in Germany in the regular way. More and more people are affected by this because Credit bureau only deletes the relevant entries after a period of three years. Nevertheless, there are also ways for those affected to get an instant loan without Credit bureau for the unemployed.

Valuables:

Valuables:

Many people who are in economic difficulties still have valuables such as jewelry or antiques. These do not necessarily have to be sold but can also be deposited as security for an immediate loan with a state pawnshop. Such government institutions are by no means to be confused with dubious dealings in crime films, but are basically serious banks. After a certain period of time, the customer can release the pledge again, otherwise it falls into the possession of the pawnshop, which then auctions it or sells it in the display.

Banks also accept collateral unless it needs to be estimated. Gold bars or a coin collection are often accepted as security for an immediate loan without Credit bureau for the unemployed, so that neither Credit bureau nor the borrower’s professional status play a role. Of course, this applies all the more if real estate or fixed deposits are available on a larger scale.

Guarantee:

Guarantee:

The easiest way to get an instant loan without Credit bureau for unemployed is the circle of friends and relatives. As a rule, people with an intact social and family life have other people in their immediate vicinity who give them confidence. Such people are usually willing to help to a certain extent, either by borrowing money directly, which is of course usually the cheapest way, or by standing in as a guarantor.

The person guarantees the borrower with his or her credit rating, so that the bank does not have to and must not ask questions about the borrower’s professional or financial status. However, the guarantor is also liable in the event of a default in payment with his or her assets for the outstanding loan amount.

Travel shopping in a big city with a loan

Shopping in a big city is something very special. For all of us who are fascinated by life in a metropolis, a trip to a big city with the purpose of shopping stylish clothes and shoes is something special. Today, the largest fashion cities are New York, London, Paris and Milan. These cities have a great influence on global trends and have a great influence on how fashion currently looks.

 

Travel loans

Travel loans

They offer everything you can dream of. No matter what clothing style or fashion you like, you can find it in these fascinating big cities. More than half of the 20 largest fashion cities are located in Europe. Traveling on a unique shopping trip to one of these metropolises therefore does not require that long travel time. It can easily be done over a weekend. The days can be spent shopping in the biggest fashion stores and most famous brands in the world. You can vary the shopping by pausing at one of the small nice cafes on the street corners and the narrow streets and in this way live the life enjoyment for a few days. In the evenings and nights, you can enjoy the best nightlife on offer. Whether it is a classic cafe in Paris, a famous pub in London or a cocktail bar in Barcelona does not matter. Grab your friends and experience a weekend or week you will never forget.Experience something unique that you are not offered here at home.

Traveling to a metropolis on a shopping trip is not free

Traveling to a metropolis on a shopping trip is not free

It is important to have a lot of money available so you can buy exactly the clothes you want. In the evenings, you should also preferably be able to spend the night of your life with your friends. Don’t let your finances hold you back. Take a loan and afford exactly what you want on your trip. There is nothing worse than standing and missing money for the clothes you want. With a loan you can afford travel down, hotel nights, shopping and night life. It will be a journey you will not regret. When you get home you will have so much new and fashionable clothes that it can be cleaned up properly in the wardrobe. Big cities like Berlin and London have something very special to offer. It is in these places that trends are created. Take a loan and travel to these modem metropolises.