|
|
In Ann Arbor,
pawn shops offer one option for a short-term loan.
However, the Treasure Mart may offer a better
solution for you. Whereas
in Ann Arbor pawn shops, you would need something of significant value
to receive payday loans that would even be worth paying the interest
on, the Treasure Mart is more like a consignment store.
The cost is a basic $10.00 annual membership
fee, plus 35% of all sales.
In Ann Arbor,
the pawn shops are only willing to accept certain items as collateral,
usually items of high value such as jewelry, musical instruments, or
electronics, in return for a short-term loan.
Treasure Mart assigns each person a
confidential number to track their items and sales.
Although you have a right to set your own
pricing, the Treasure Mart reserves the right to reduce pricing if it
does not sale over time. If,
after four months, your items have not sold, you will receive 50% of
the final selling price marked.
In this method,
you can put many more items up for sale and do not have to worry about
repaying other kinds of payday loans with high interest rates. It is also a great way to
sell your items without going through the pains of having a garage sale
and labeling all your own items.
Just as in all
Ann Arbor pawn shops, electronic and mechanical items must be in
working order (small appliances are only kept for 30 days). All merchandise must be
clean, presentable, and in good condition.
Dolls and toys, however, are not welcome
unless they are collectibles.
Even
in Ann Arbor, pawn shops retain their use.
Perhaps you are in need of immediate cash, in
which case payday loans offered by a pawn shop may be your best option. However, if you live in
Ann Arbor and want to avoid high interest rates or have no desire to
have retain your items, the Treasure Mart is probably a better choice
for you.
New!
Paycheck loans now easy to get online!
Online cash advances now available
|
