Often People ask About the Difference Between a Payday Loan or Pawn Loan
If you have anything of value, a pawn loan keeps all the risk in the actual item you pawn. This means if you happen to not be able to pay us anything in the 90 days we give you, the worst thing that happens is you lose your item of value. If you default on a pawn loan, we will not and cannot withdraw money from your bank account, touch your credit score, or send a team of lawyers after you.
However, payday loans work off a future promise of payment, or when you get your paycheck, not off anything of actual value. This leaves you very vulnerable for three reasons.
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