| By Geoff Williams, U.S.News & world report
You run not only for the that are looking for a few dollars extra.
Mortgage loans have become respectable. Not so long ago, they were as a haven for drug dealers "," thieves "and" chronically poor. But in case that you haven't noticed, the farm industry has a makeover.
Pawn are now the backdrop for reality television series like Pawn Stars on history channel and TruTV hardcore. Online, upscale pawn with names like Pawngo.com, UltraPawn.com, and iPawn.com Hunt, wealthy individuals and families who want; don't immediately need money but help a more substantial loans to their cash flow This Web-based businesses also bet that some - and upper middle-class customers find attractive, elements in the privacy of their own home instead to pledge drive in a run down area.
And there's even a chain of mortgage leihen--money of Mizer pawn & jewelry, with seven branches in Georgia, Alabama and Florida. The company for 16 to 18 stores expects to open until late 2014 and business policy.
Still no makeover may be the fact that pawn they always change something else: a pit stop on the road of hopelessness and despair. Nobody goes to a pawn shop, after they win the lottery.
"It was initially quite daunting, but I," Cynthia says MacGregor, 69, a freelance writer and editor in Palm Springs, Fla., found diamond ring for the first time in the aftermath of the recession to the victim fall and pledge their mother last year. "I think I lost the part of my education of the upper middle class, the pawn, never looked down."
The cliche that when you visit a pawn shop, you're somehow in League with the scum of humanity, is pretty much over. But a loan is a loan, and it is a serious matter, so if you are considering to pawn an item, what is useful to know here.
You probably have some knowledge about how the process works: choose an item that you have, you know, has a value, and then, assuming that you're not this online, head to your local pawn shop to try and a loan based get on the value of your possessions.
"You go with the price complete your article, to negotiate a price, and as soon as you need to produce your ID, and then we will take you, fingerprint", Les Gold, the owner of American jewelry and loan, a farm shop with two locations in Detroit and Pontiac, Michigan, and one of the stars of the hardcore says Bauer.
"We fingerprint everyone for everything, what comes in and then we forward this information to the police, like every pawnbroker to make sure that we are not to do with stolen property" continue to gold, which says that this is how it works generally in every pawnshop in America. "You are issued a ticket and you get your money and leave. The entire process may take three or four minutes."
You are a good fit, if you have a larger credit-such as a few thousand dollar - and if you need money today. For example, Pawngo.com offers loans from $500 up to $1 million. A customer puts on what they want to pledge, answers a few questions on the Web site, and then a first estimated, that offer is made. If the customer accepts, he or she can send a prepaid FedEx label in the item print, or have sent a package with a prepaid label to his or her home. The element to get the judges at Pawngo, look over, and if it is accepted (must make sure that your gold watch is not a fake), they send you your money within 24 hours.
"[With] our typical customer a cash-flow problem in the budget has triggered something..., do not live paycheck to paycheck", says Todd Hills, CEO of Pawngo.com, based in Denver. He says the Internet is ideal for its clientele as to mortgage makeover or not, "in certain parts of the country, mortgage loans can walk in a little intimidating."
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