Continued from page 1
Pawn Shops One of most popular forms of fast secured loans is pawn shop. The way that a pawn shop works is that you bring in some item of value (ranging from rings to computers, and sometimes even your car title) and they loan you amount that they estimate it to be worth. Their estimation will be much lower than actual value, and they'll keep item as collateral; when you pay back loan (usually within 30 days), then you'll get your item back. If 90 days pass and you haven't picked up your item or made payments on loan, then pawn shop is free to put it on their shelves and sell it to whoever wants it.
As you can see, fast secured loans are fast and can get you money you need if you have a desperate needů but they have some serious drawbacks as well. Use caution when deciding whether you really need money that badly, and go in with a definite plan for paying money back.
You may freely reprint this article provided following author's biography (including live URL link) remains intact:
John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the www.directonlineloans.co.uk website.