Payday loans/pawn/etc what are my options?
I make about $200-$2500 per week (cash daily) because I own my own business. Due to unforeseen circumstances, I am needing to get a quick loan of around $1000 to pay my business expenses this week by Wednesday, knowing 100% certain that I will make that and more by Friday. What are my options? I have bad credit due to a car accident, so I am looking for payday loans, pawn shops, etc. I have noticed all the "cash advance" places are usually looking for someone who makes a solid paycheck each week, but I don't, and most are not allowing me to put my business and home phone as the same phone number, which, due to my preference, I only use one phone because I need to be available at all times.
I meant to say that I make $2000-$2500, not $200, oops!
"emergency fund" exhausted, like I said before, unforeseen circumstances, just picture the worst case scenario, and it could happen to anyone.
Go to a pawn shop. You'll need an item worth $5000 or more to get a $1000 advance. Be aware that the interest rate will be "jaw droppingly high". If you go back within the week and pay the principal plus interest amount, you get your item back. If you don't, they keep your item and sell it to recoup their costs. They rather like it when people don't come back! Forget any online places, most are scams, go to a physical pawn shop in your area. They are a reputable business even if their interest rates are extreme.11 months ago
I find it extremely hard to believe that someone who earns 100,000+ a year does not have a substantial emergency fund.by Rick B - 11 months ago