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Friday, June 28 2019
How Do I Get A Loan With No Credit?

Ideally, everyone would have all the money they need all the time and no one would need to borrow money.

But let’s face it: everyone comes up short on cash sometimes. 

When this happens to you, you’re usually stuck with one of two options: either pawn off your valuables to a place like Cash Express or take out a short-term loan.

Deciding to sell valuable can be hard if they have sentimental value attached to them. Imagine how heartbreaking it must be to trade in a family heirloom just to hold you over until your next paycheck! Most people aren’t willing to do that. 

And then there are also people who don’t really have any valuables to sell. Both these people and those who don’t want to sell precious items are left with one choice: seeking out a loan.

However, getting a loan when you have either a bad credit history or no credit history at all is difficult. Most lenders don’t want to take a chance on people who are bad with debt nor do they want to hand out money to those who haven’t proved their creditworthiness yet.

You get stuck in a vicious cycle of “I need to build credit to get credit, but to build credit I need to get credit first”.

One solution is to seek out a credit builder loan. These loans let people with no credit history prove creditworthiness by paying monthly for the loan and only getting access to the money once it’s paid off. They aren’t built for getting you money right away, unfortunately, so these won’t serve you well in a pinch.

You could try for a personal loan, but the application process takes a few days since lenders have to process your application and perform credit checks. Not only does this take a few days, but good luck getting a personal loan without any credit history.

Credit unions are more willing to take chances on you if you have a questionable credit history, but they tend to have restrictions on the amount you can borrow. If you need a lot of money quickly, credit unions might not be able to provide you with the funds.

Is there any way to quickly get a loan with no credit to avoid selling off precious items just to keep you afloat?

Believe it or not, you can actually use your prized possessions to get the money you need without selling them using a pawn loan from a pawn shop like Cash Express. We hold your items as collateral for the loan so you don’t have to sell them to get the money.

Almost any item will do, whether you have a rare coin, an old book, a fancy watch, or even a car! 

To get a pawn loan, first bring your item or items you’d like to take the loan against into our shop. We’ll appraise the value of the items to determine how much we’ll loan you, just like we would if you were selling it to us. If you accept our offer, you can walk out with cash in hand the same day. All you need to do to get your items back is repay the pawn loan and we’ll return them to you.

There are no credit checks or lengthy application process for pawn loans. Just walk in, get your items appraised, and walk out with your money within an hour or two.

So if you don’t have a credit history and find yourself in a financial pinch, bring your items to Cash Express and we’ll see if we can get you the money you need.

Posted by: AT 09:47 am   |  Permalink   |  Email

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Cash Express  • Philadelphia Pawn Shop

731 Chestnut St. Philadelphia, PA 19106 -  (215) 922-1560