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The purpose of shorter duration loans is to provide the borrower temporary financial relief. Such loans are not a long-term financial solution. Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice.
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Most valuable items can be pawned. The main drawback to these loans it that if you fail to pay them back, the pawn shop has the right to sell your item to recoup their losses. Another downside is that the amount of the loan is usually a fraction of the true worth of the item pawned.
Youre risking the loss of something valuable for a little bit instant cash loans apply online quick cash. Pawn shop loans in Waco can be no longer than 30 days. But interest rates can be as high as 240.
(6) With high interest rates, paying back these short-term loans can be extremely difficult. There are other options. You dont need to risk losing your valuables.