Every now and then a financial emergency arrives in our life. Maybe you may need a few extra dollars to renew your car’s registration. However, when you need a few extra dollars and you don’t have any savings or credit cards, then you may be wondering what exactly can you do? The following are two good ideas that don’t involve hitting up your family and friends for a loan.
Get a payday loan
If you have a steady job, then you can get a payday loan. These loans do not require a credit check because your credit is irrelevant. It is your job that makes you a good risk to pay back the loan. The lender will want to verify your income and the place where you work. Often, this means you need to supply a few pay stubs from your recent paychecks. There are a few other minor qualifications for this type of loan, and these will vary from one lender to the next. You will only be able to get a fraction of a typical payday, and they are also short-term loans. Typically this means a couple of weeks. In other words, an advance on your next paycheck. Often, this will be enough to hold you over.
Use a pawn store
Pawn shops have been around for centuries, and they still thrive today. This is because many people need money, but like you, they have no credit. If you have something of value and you don’t want to sell it, you can use it as collateral for a loan at a pawn store. The way it works is you bring your item to a jewelry pawn shop forest park store, and they will appraise it. You will be asked if you want to sell it or pawn it. Make sure you tell them you only want to pawn the item because you need a loan. They will tell you the maximum amount they will loan you. If the offer is acceptable, they will take your item as collateral and give you cash. You will receive a pawn ticket. Do not lose this. It is your proof that the item is yours. You will be making payments on the loan, and once the loan is paid back, you will receive your item back.