Aug 4
Instant Money!!!
In the Philippines, families usually experience shortage. Filipino families are used to borrowing money. Most number of the families don’t have enough income to support the needs of each member. Borrowing money from “Bombay” ( people from India) is prevalent in my country. The Bombays also deal and sell mats, carpets and other household accessories and appliances but of course interest is expected.In certain villages in my country, people really rely on the amount of money lend by Indian people to them.
If we run out of money, we are looking for someone whom we can borrow and pay that person back if we have enough.Nowadays, an alternative way was introduced. It’s goal is to make money and at the same time help the people. We all know that jewelries can be pawned. If we need an emergency money, we can hurriedly go to pawnshops, just have your jewels and precious stones ready and presto! You’ll have cash on hand!
Certain pawnshops around the country are now opened. The pawnshop are accepting cellphones, laptops, digicams, ipods and other technological gadgets. They’ll just ask for the receipt of an item and a photocopy of valid I.D. Some of them only have 1% everyday interest.
This kind of transaction is very fast and if you want to have instant money for special purposes like tuition fess for your kids, medical support for someone in the family who’s ailing or for paying bills which are due and your money is not yet at hand, you can have this as an alternative way!
Pawnshops that accept cellphones, laptops etc have no credit investigation so it’s convenient for consumer. You don’t have to worry about other things just like what you usually have in borrowing cash. In addition, they also have buy-back-option. In other words, you can buy/own again your pawned units/objects if it’s already for lease. Furthermore, they’re also accepting collateral and necessary documents like for your cars if you’re badly needing cash.
This is an alternative way to owe money but of course the businessmen are also thinking about their profits. Remember, owe only an amount of money that you know you can pay at the right time. Don’t borrow/spend money which is more than your income. If you’re unable to pay your debt that will reflect on you as a whole.
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