A Different Kind of Cash Loan - Loans for Your Power Tools

Many people are finding themselves struggling to keep up with their rent, house payment, car payment or maybe just to keep the utilities on. The banks are not the place for small short term loans and if your credit is less than stellar, you probably won't qualify anyway. Payday loan establishments have gotten a bad rap because of their predatory practices that hurt the borrower more than they help them.

So what can a person do and where do they turn for a small, short term personal loan?  Your local pawn shop is a great solution and most people don't think of this when they need a loan. Pawn shops are state regulated so they are not the seedy, back alley establishments that you usually see on TV shows.

A pawn shop will give you a short term loan for a large variety of items.
Gold and silver jewelry
TV's, game consoles, digital cameras and other electronics
Power tools
Musical instruments
Leather jackets
and more....

The way that a pawn shop works is you bring in your valuables and the pawn shop will give you a loan based on its value. These loans can be for a month or a couple of months and you can extend the loan time if you need to. Pawned power tools make great collateral because they are in demand and if they are in good working order they can be worth quite a bit. Unless your trade requires these tools, they are usually something you can do without for a period of time. Pawning electronics is another alternative but most of us use our electronics frequently and are harder to live without for a month or so.

If you're in the market for quality inexpensive power tools you may want to stop into your local pawn shop and see if you can find a deal or two.