Pawn Loans

By: Griffen Varner

About Pawn Loans

Pawn loans are a quick and easy way to borrow money without a credit check or money. Pawn loans aren't as popular as some other type's of credit, but there are some advantages to this type of credit.

Interest Rates and fees

Interest rates vary from state to state. For example, an 80$ loan at 20% would cost you around 16$ until you pay it off.

Some pawn shops near Bowling Green, KY

Average APR for Pawn Loans

Usually the APR is about three percent, but it depends on where you live.

Why you should choose Pawn Loans. Advantages/disadvantages

Pawn Loans are a easy and reliable way to get money fast.


Advantages


  • Pawn Loans are very easy to get.
  • If you get a Pawn Loan, they don't check your credit.



Disadvantages


  • The loan term is usually very short.
  • Interest rates are typically high.
Big image

Alternative's to Pawn Loans

  • Payday loan
  • Title Loan
  • Rent to Loan