If an emergency pops up and you don’t have the cash to pay for it, a quick cash loan might seem like your saving grace. Your car might break down and need urgent repairs, or you could have unexpected medical bills to pay—or maybe you need to make an urgent purchase and you’re short on cash to pay for it. There’s a fast and easy method to get quick cash that doesn’t require working with a bank or creditor that will run a credit check: quick cash loans from pawn shops like Gems N’ Loans Oceanside.

Pawn shops are great places to get quick cash loans if you don’t want to work with a bank, get a credit check, or add a balance to a credit card. These loans can be obtained when you take valuable items to local pawn shops and use them as collateral to get a quick cash loan.

A cash loan from a pawn shop is a fast and easy way to get a little extra cash as you don’t have to go through a lengthy process to get approved—you simply bring a valuable item to a pawn shop and ask for a loan. Here is how to get a quick cash loan in Oceanside:

Pawning

Pawn loans require you to put something valuable as collateral for your borrowed money. Pawn loans are typically of small amounts, and you’ll be required to pay back the principal plus interest. A pawn shop will consider it for collateral if you have something valuable and worth a few hundred dollars. The pawn shop will loan you money based on the value of your item.

The pawn shop keeps your item until you pay the loan as well as the interest. Loan terms may vary between 30 days to a few months.

The shopkeeper will give you a pawn ticket once you’ve agreed on the loan, representing the receipt and terms of the agreement. To collect your item upon repayment, you must present your ticket. Once you repay your loan successfully, the pawn shop will return your item. If you fail to repay your loan, the pawnshop may sell your item to make their money back.

Selling

You can also sell items that you might not need anymore at a pawn shop for cash. When you visit the pawnshop to sell your item, you’ll be given a cash value of your item, and you’ll be paid for it once you accept the deal. Compared to pawning, you’re likely to receive a higher cash value for the item you sell. You also don’t need to worry about paying back what you’re given. However, we recommend only choosing this option if you’re sure you no longer want the item.