Australia has millions of unbanked households. That means no one in that household has a bank account, whether it’s a checking account, a savings account, a money market account, or anything else. Some people are unbanked, which means they do not have a checking account but also use alternative banking methods such as title loans, money orders instead of checks, and so on. Perhaps you are one of them, or you know someone who is. Perhaps your situation is unique, such as being a self-employed business owner who needs money for an unexpected expense but does not have the time to wait for the loan application process at a bank.
You require the services of a pawnbroker!
A pawnbroker is more than just a small-business entrepreneur who contributes to his community’s economy. In difficult times, he or she can be a valuable friend and ally.
Assume you are unbanked. You’re the type of person who would rather hide money under your mattress instead of becoming a nameless, faceless account number. You have that liberty and that right. But, with that decision, some things become more difficult, such as obtaining a loan unless you know a pawnbroker!
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 need to do
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. Perhaps some old jewellery or a video game console that no longer works. The options are limitless!
Return to the shop and see what kind of deal they can work out for you. You can sell your items for a fair price and afterwards either pay for your new TV in cash on the spot or put it on layaway with a substantial down payment.
Pawn Shop Loans are 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.
A quick aside: Pawnbrokers do not want to keep your items because you defaulted on your loan! So, if you are unable to repay your loan payments in full, contact a pawnbroker to discuss your options. Even if you fail to repay on a loan, your credit is not affected, and you are still eligible for yet another loan at the pawnshop on a different item. This is an excellent opportunity to establish a long-term, positive relationship with someone who will assist you when things go wrong and connect you with additional funds!
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. Google pawnbrokers near me and you will find a lot that offer high-quality goods at a fraction of the retail price. Their inventory often includes fine jewellery, 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 jewellery 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 near me that can help. Get to know yours today!