!!! VARIBABLE PAWNSHOP LOANS – PAWN PLUS !!!
Stephen C. Webb Owner of Ace Auto Pawn in the small town of Paducah, Kentucky feels that area pawnshop rates should be lowered. His solution: He offers a variable rate pawn loan. I understand that many people are hurting in the current economy. I can earn more money from a pawn loan and be 100% secured. I would rather invest in the people of my community than Wall Street of 01% CD’s. If the collateral is there my rates are lower than any pawnshop in Paducah, Kentucky. Stephen a former loan officer in the consumer finance industry has been in the lending business for over 40 years. Ten of those years as a pawn broker. I prefer big ticket items such as cars, trucks, RV’s motorcycles, or boats, motors, and trailers. My personal option that The Pawn Shop will replace many of the small banks due to the fact that banks have tightened up their lending polices that do not help the little people who really need it. I would rather make a $100-$1500. large loan than 50 small loans less headaches less paperwork he said.
The television shows PAWN STARS, HARDCORE PAWN AND CAJUN PAWN has brought the pawnshop business into main stream and made it a respectable profession. I have made many loans recently tho folks that used to be bank customers, consumer finance customers, and payday loan regulars. My rates are competitive to all of my competitors.
Further, The number of pawn shops in the Philippines as reached 17,408. Pawns shops now out number all other lending institutions in the Philippines. Pawn shop opening have increased by 4.3 per cent unlike conventional lending of 3 per cent. American’s are more and more using payday loans operations and pawn shops for their cash needs as traditional banks do not want to make loans under $5,000. The small borrowers is what build the larger banks of today yet they would perfer larger loans
Finally, People that come to a pawn shop usually are lying. A pawn shop who has to go to a pawnshop and pawn an asset has probably reached the lowest level of the economic chain. Banks and Finance Companies have turned them away. The payday loan man has cut the off. The local loan shark is looking for them for interest payments. A pawn shop owner must access the customer and merchandise very cauiously. Is the merchandise stolen???? If it is the money you lend on the merchandise is gone as the local police will cart the stuff out your door. Is the merchandise what the person say it is. People tend to think that just because they spend 100’s of dollars on an item you are required to give them a large loan against it. The other day a guy brought in a stuffed bobcat in which he had spent over 400. have it stuffed. He felt like it was worth at least 150.00 no other pawnshop in town would touch it. I offered him 75. he walked out the door mad. He needed money to buy fireworks for 4th of July. Why didn’t he think about that when he spent the 400.00. The average American lives pay day to pay day and if they lose their job their whole world caves in. Few people put anything back for a rainy day.
Almost Everyone who comes through that door is lying.
It’s up to me to figure out what they’re lying about
Les Gold, Owner of American Jewelry in Detroit, Michigan and star of truTV’sHardcore Pawn says A good example of this is when someone comes into his store and says, “This item is selling for $1,000 on EBay.”
People often come in and tell heart wrenching stories of personal tragedy and hardship. It’s hard to believe that people would lie about such things but more often than not the stories are “less than true.”
But any experienced pawn broker would admit to once in a while being emotionally gripped by a story and going above and beyond their normal business practice- just to help out a fellow human being.
People must think we’re stupid!
What’s the difference?
This is life and life requires cash!
Selling Vs Pawning
We do not plan on economic or financial disaster. We very seldom plan on sickness arrest and money for bail or family and friends seeking financial relief. A few months ago it was Sunday Morning at 5:00 am in the morning when my cell phone went off. The individual on the other end was in a strange town no cash, no credit cards and needed $100. cash just to get to his next destination. The guy had only one thing worth any money an Apple iPhone 5. I dispatched my assistant to the shop we wrote him up a $130. loan and he was on the road. My question to you on this is: Would your banker banker or credit card provider hand you money on Sunday morning and hold you iPhone. ? Would your payday loan company help you? I try to address people’s needs everyday and take the stigma out of pawn shops being backdoor operations. # Pawn Stars and # Hardcore Pawn has helped bring us out of the closet we are now respectable in fact more respectable than many of the more conventional former sources of lending.
Ace Auto Pawn offers both online pawn services, and face to face pawn services. We offer short term, long term, payday loans and yearly interest only collateral asset loans. We offer competitive and variable interest pawn loans at an affordable interest rate check us out.
- Selling unwanted items is one of the best ways to get cash.
- Online Pawn shops can quickly appraise your item and make an offer to buy it immediately for cash.
- You avoid the hassle of attempting to sell the item yourself which can be a time consuming and frustrating process.
- Pawning is a way to just use your assets as collateral for a loan.
- When you pay the loan off, you get your item back.
Sounds like a pawn loan would be best. This way you get a short term loan for 3 months and then decide whether you want your item back or not. If not, we can sell it for you, pay off the loan and if there is any surplus of cash we will return it to you. If you’re still not sure, you can renew the loan for another 3 months. #Ace Auto Pawn will help you 24/7 in helping you decide what to do.
By Steve Webb
Owner Steves Cars Ace Auto Pawn
Let PaydayLoanToday.com help you meet your short term financial needs from $150 to $500. If you haven’t applied with us before, we would like to earn your business. We would like to offer you a NO FEE LOAN upto $200.00 for 30 days. Just type in the offer code “200 fee free” in the comments area of the application and borrow $200 to $500 with NO FEES for the first $200!!! To take out a loan, simply apply here. Once your loan request has been processed the money will be posted to your account the next business day. A few short easy prompts and your done! NOTE: We are the only Payday Loan Company that after 6 months drastically works closely with our customers to pay back the principal of their loan and reduce our fee structure.