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Pawn shops: How to get the best deal

*Article contributed by Кириченко Степан.

Pawn shop in the Philippines provide a variety of services – from issuing secured loans to accepting payments and money transfers. Pawnshops are especially common in rural areas.

Why are these services so popular?

Firstly, they do not require confirmation of your solvency, which simplifies the procedure for issuing a loan. In order to receive money on bail, you only need an identity document and the pawn.

Secondly, today the list of things that take as collateral is very long:

  • Cars and motorbikes
  • Appliances and cameras
  • Gadgets
  • Smartphones
  • Gold, silver, diamonds
  • Clock.

Thirdly, there are pawnshops that accept online loan applications. The principle of operation of such services is as follows:

1.   On the site you get acquainted with the terms of the loan and the preliminary cost of pawns.

2.   If you accepted our offer, you should choose a receipt schedule so that courier could go to your address to pick up your pawn and deliver it to the office to evaluate it.

3.   After a few hours, you can cash them out with a free credit card that the courier brought.

How to get the best deal among a huge number of pawnshops?

Indeed, every day a new company may appear on the online services market with a profitable offer, which will be difficult to find out, since the office of the new company may be far from your place of residence. UpFinance service will come to your aid! Here you can find relevant information about pawnshops and their contacts. You can compare all offers and choose the right pawnshop near you with the best conditions.

*Article contributed by Кириченко Степан.

Contributor: Disclaimer: Posts by contributors may not always represent the views and opinions of YourWealthyMind.com.