Are You Worried That You Can’t Pay Your Taxes? A Pawn Loan Could Help

Are You Worried That You Can’t Pay Your Taxes? A Pawn Loan Could Help

We are living in a strange time of uncertainty that can have a huge financial impact. At GNJ Pawn Big we know that the last thing anyone wants to think about right now is the fact that the taxman is coming soon, but this is the reality. If you owe money on your taxes and are not sure you can make the payment, we urge you to consider how a pawn shop can help you.

Pawn Loans Are Short-Term Loans with Low-Interest Rates

You can bring us any number of times including diamonds, rings, and more – we will get into the specifics later. You bring in your item and we give you a quote. We can then give you a loan for that amount. You take the loan and we keep the item. If you came back within the time specified and pay the amount specified, then you get the item back – it is that simple.

Gold is a Great Thing to Pawn

While we take many things in exchange for pawn loans, if you have anything that was made with gold then we suggest starting there. Gold generally holds or increases in value as time goes on and is great collateral for your loan. Once you get your loan, if you find you are not able to pay it back within the time period agreed on, be sure to communicate with us as we may be able to extend or renew your loan.

There Are Limits on the Interest a Pawn Shop Can Charge

If you’re unconvinced that you can really get a low-interest rate, consider that pawnshops are regulated by banking industries. This limits the amount of interest that can be legally charged. This is not the case with payday loans, which can essentially charge as much as they’d like – thought some recent federal and state laws have been designed to cap this practice of predatory lending.

No Credit Checks Are Required for Pawn Loans

One of the biggest benefits of a pawn loan is that you do not have to pass a credit check. This is because we use the item you bring in as collateral. If you are unable to repay the loan then we keep your item. This creates very little risk for us, no matter your creditworthiness. People who could not get a conventional loan are able to get pawn loans.

If you are in need of extra money to pay your taxes – or for any other reason – GNJ Pawn Big is here to help you. Stop by at your convenience or give us a call at (661) 224-1999 to find out if we accept what you have to pawn.