Bad Credit? Make your equity work for you with a “Secured Credit Loan”

Having bad credit doesn’t mean you can’t get a loan.

Things happen! It could be an unexpected illness, job loss, or emergency…….

If you have had problems receiving approval for bad credit loans there are other options available. One of the best options is a short term asset based secured loan.

Short term collateral loans are advances that are guaranteed by an asset the person owns. By adding an asset, such as a valuable item, it makes applying for a loan much easier and quicker. No credit checks, No income statements and No bank statements required.

Provide an item of value along with your Photo ID, once the item is valued then a loan offer is made, once accepted you get cash in your pocket!

Short term collateral loans are a great option for those that have credit problems and need quick cash

Here’s how short term collateral loans work.

Applying for a secured bad credit loan is easy. Borrowers can go to an online pawn shop to fill out an application. The process is quick to complete and requires no credit checks. From there, the lender will review the information and get in touch quickly. They will go over all the terms such as loan amount, fees and payment schedules. By using an online pawn shop, the bad credit loan transaction can be approved and completed within 24- 48 hours. This process is much faster than applying for a standard loan, allowing the borrower to receive cash quickly.
One of the best aspects of secured bad credit loan is we offer flexible payment options, which are perfect for those on a tight budget.
Instead of having to pay the full amount back at once, loans can be spread out over time, weekly, fortnightly or monthly. This provides the borrower more flexibility when it comes to repaying the loan. Further, if the borrower pledges an item for collateral, it remains insured and securely stored during the life of the loan. This means the person can have peace of mind in knowing their assets are well protected.
Short term collateral loans are a great option for those that have credit problems and need quick cash
Customers will find the process easy to complete. From applying, to paying the loan back, secured bad credit loans are a convenient way for people to receive the cash they need.

Original post from Pawnbank