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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
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