BANGALORE (Reuters) – less than perfect credit? Need money these days? Simply grab that electric guitar from inside the area and head for a pawn look. Cash-strapped ?ndividuals are switching jewelry, music systems and gadgets for funds like never before.
“The pawn transaction is an extremely easy, no-questions-asked secured funding which is performing well for those,” Sterne Agee specialist Henry Coffey mentioned.
U.S. payday loan providers, whom make smallest, short-term financing against the borrower’s next commission, include trading further within pawn functions as stricter regulation and soaring jobless make their main company less appealing.
