Cash and Loan Alternatives to the Payday Advance

Use your valuables as collateral for a cash loan. Pawn loans require you to put up something valuable as collateral for the money you borrow. This method is a quick and cheaper than payday loans, without the risk of losing your security if you aren’t able to repay your loan. In other words, your paycheck will not be garnished nor will your credit be affected either way.

Pawn shops like Gems N' Loans,  typically offer between 25% and 60% of the item’s resale value. All you need to do is have your article of value appraised for trade, then leave the pawn shop with your cash and pawn ticket. The ticket will be needed in order to collect your item upon repayment, therefore, we recommend taking a photo of the pawn ticket as backup, it will include any fees, the loan term, the grace period and the final date at which you’ll be in default of your loan.