Life is never smooth sailing and for many people, one of the things often at the route of some serious stress is not having enough money. The fact is sudden emergencies that cost you money happen. A pet needs a vet, the car needs new breaks, the refrigerator stops working. When you are stretching things as far as they will go already and something happens that leaves you needing more money still that can be hard. When you have a financial emergency and cannot or do not want to borrow from friends or family then there are two main answers to your problem. Personal loans Marlboro or where you are in the form of a title loan, or a pawn shop loan.
Fast personal loan with a title loan company
A title loan is a form of a secured loan but you need to own a vehicle to get one. Essentially you are borrowing money against your car or truck. The title loan company lends you the agreed amount and holds the vehicle’s title. You keep the car still and can use it as normal. However, you have payments you have to make back to the company on the loan. If you miss any the loan company can send out their people to take the car from you and they will keep it and sell it to recoup the loan you defaulted on.
How much you can borrow when you look at title personal loans Marlboro, depends on the value of the vehicle, since that is what they would have to sell to recoup their money. You can get a few hundred up to several thousand. The maximum tends to be half of what they value your car at. So if you have an old banger they value at just $1000, the most you could probably get is $500. Terms vary from one lender to another, sometimes they are short term loans, sometimes long term.
A fast small loan with a pawn shop
The attractive thing about going to pawn shop is how quick it is to do, and the fact that it does not affect your credit rating at all. You can get cash loans Marlboro or anywhere against an item of value they agree to take. The item you pawn needs to be something of value, it could be modern electronics, collectibles, power tools, gold, jewelry, even in some cases, firearms. It is important you know straight away two important aspects of a pawn shop loan. Firstly, they value your item and you have to accept their valuation. Secondly, the amount you get as a loan will not be the full amount. It can vary from one place to another but might be as little as 20% or as much as 50%.
You agree to the terms and interest and they will take your item to keep and give you the cash right then. You take a ticket with you and at the end of the loan period, you return, pay back the loan plus interest, and get back your item. Should you find yourself not able to do this, they can keep the item and sell it. For smaller cash loans Marlboro a pawn shop is a great option.
