A short term loan can be extremely helpful in case of the unexpected. It can happen to anyone. Something goes wrong with your car. Perhaps your refrigerator unexpectedly died. Or maybe there wasn’t any damage at all – but there was something that you just needed to purchase immediately for an occasion, or due to it being unavailable if you wait too long, like a concert ticket. National Pawnbrokers Outlet of Waterford can come to your rescue. We have been making life easier for people in the surrounding area of Oakland County and the city of Waterford for quite a few years with our collateral based loans. We accept a wide range of items as collateral, however, jewelry is a popular and convenient option.
More Flexible Than a Bank
The vast majority of banks and credit unions have a minimum loan amount. If you are in a temporary pinch and are only in need of a loan of several hundred dollars, you are probably not going to be accommodated at most banking institutions. However, National Pawnbrokers Outlet of Waterford will be more than happy to do business with you. There is neither a minimum loan amount, nor is there a maximum. The amount you can borrow is entirely dependent on the value of the collateral property you bring to the table.
Get Your Loan Instantly
Unlike a bank, there is no protracted process for obtaining a loan. You will not have to go through the gauntlet of steps lasting for days such as credit checks, submissions, or documentations. When you come to National Pawnbrokers Outlet of Waterford, all you need is your collateral, and your photo identification. You will be in and out of the store with your cash in hand within minutes.
No Risk to Your Credit
This is one of the biggest advantages we have over a bank. Since the loan is based on collateral that is based on tangible property handed over at the time of the transaction, it is considered paid either way. If you cannot pay the cash back, you can either request an extension, or forfeit the collateral. Because the amount that we lend you is based on what your property is worth, along with the interest, the balance of trade remains equal regardless of whether or not you end up defaulting. Therefore, your credit score will not be affected. Most loans are given for a period of up to 90 days.
Buy or Sell Jewelry
Of course, our business does not only deal in jewelry for the sake of lending money. We are also happy to buy your jewelry at reasonable cost. Also, we are guaranteed to have plenty in stock available for purchase, if you desire another shiny addition to your collection at a fraction of the typical jewelry store cost. Our dedicated, honest staff will never lowball you on the appraisal. Fair reimbursement is one of the things on which we pride ourselves.
Come and See Us
If you are looking to unload jewelry that you do not plan on wearing anymore, or are in a short-term rut and need a loan, National Pawnbrokers Outlet of Waterford is the place to come to for those around the Oakland County area. Our ownership and staff will give you an honest and accurate appraisal, and you will get the money you need with an accommodating amount of time to repay your loan. Serving Waterford and the surrounding area, give us a call with any questions, or walk right in. We look forward to satisfying your needs.