1. Gold Pawn vs. Payday Loans in
Syosset, NY
Unfortunately many people think that a payday loan is the only alternative when
they are short of money. There is a better lower interest alternative out there
that doesn’t involve sacrificing your next paycheck: gold pawn in Syosset.
Gold prices are really high right now which enables pawnbrokers to loan more
money on gold. This means you might be able to get the cash you need without
going to a payday lender. You don’t have to run the risk of having most of your
next paycheck taken away by such a lender. Instead you can get the extra cash
you need and still have your paycheck available.
Pawn loans are usually made for sixty days which means you will have more time
to pay one back. That makes gold pawn an ideal cash solution for short term
emergencies. It also means that you will not owe any money if you cannot pay
the loan back. Instead you will simply loose the item pawned if you do not pay.
A payday lender will charge you a penalty fee if you don’t pay the loan off. The
pawn lender will simply take possession of the item so you won’t owe anything
else. In many cases a payday lender’s fees will double or triple what you pay
back. Why take the risk of borrowing money you cannot pay back?
Getting a gold pawn loan from an established jeweler or gold buyer will
probably get you more money. Such professionals are also easier to work with
and they may be willing to let you negotiate the terms of the loan.
A pawn loan does not require you to have a bank account. Instead you can
simply get cash so you can pay the bills and fees directly.