You need cash fast, but payday is weeks away and your credit score isn’t good enough to qualify for a personal loan. So what do you do? Maybe it’s time to bring that necklace your grandmother gave you to the pawn shop.

Get a pawn loan today offer a quick, convenient and confidential way to borrow money with no credit check required. You simply bring in an item of value, such as jewelry or electronics, and the pawnbroker will appraise it and determine its price. They’ll then offer you a loan based on the item’s price, typically with a 30-day repayment window. If you don’t pay back the pawnbroker, they will sell your item to make up for the loss.

Best Pawn Shop Jewelry Deals Near You

The problem is that a pawnshop loan can be costly, especially when you take into account the interest rate and fees involved. Plus, if you fail to repay the pawnbroker within the agreed-upon timeframe, you’ll lose your item and still be short on cash.

Before you give up your grandmother’s pearl necklace, consider more affordable alternatives to a pawnshop loan. The best way to compare costs is to calculate the annual percentage rate (APR). It’s also a good idea to examine other borrowing options, like personal loans. CreditNinja makes and arranges personal loans that can help you get ahead of a financial bind and may be a more responsible and cost-effective option than pawning or using a high-interest credit card. Get your rate in minutes by filling out our simple online form.