InternetPawn.com
DENVER, Colo. -
Right now, many people are finding themselves in need of quick cash. And a one-of-a-kind business just launching in the Denver area, says they can help.
It's called Internet Pawn. You can find it at www.internetpawn.com.
It is the first-of-its-kind business in the United States which caters to high end clients with high end items to put up as collateral for a loan.
Owner Todd Hills explains their typical client is someone who is financially successful, but has a short term need for cash. It's all done online.
You fill out a simple application form on their web site, and then use their Fed Ex account to ship the item to Internet Pawn's secure facility. They appraise it and make you a loan offer. If you accept, you can get the cash almost immediately.
Unlike traditional pawn shops, where payments are required every 30 days, there are no payments for six months at Internet Pawn.
"The term is six months and that allows the customer to get back on their feet," Hills says.
The interest rates are lower than those offered at a traditional pawn shop. Also, at the end of six months, you can recover the item or renew the loan for another six months.
Internet Pawn also offers to market the item for you, if you choose not to recover it. They will take out what you owe, and give you the rest of the cash.
We talked to one client who used Internet Pawn to get some cash and put up a designer diamond ring as collateral. He says he really appreciated the fact that he could do everything from the privacy of his own home.
It's called Internet Pawn. You can find it at www.internetpawn.com.
It is the first-of-its-kind business in the United States which caters to high end clients with high end items to put up as collateral for a loan.
Owner Todd Hills explains their typical client is someone who is financially successful, but has a short term need for cash. It's all done online.
You fill out a simple application form on their web site, and then use their Fed Ex account to ship the item to Internet Pawn's secure facility. They appraise it and make you a loan offer. If you accept, you can get the cash almost immediately.
Unlike traditional pawn shops, where payments are required every 30 days, there are no payments for six months at Internet Pawn.
"The term is six months and that allows the customer to get back on their feet," Hills says.
The interest rates are lower than those offered at a traditional pawn shop. Also, at the end of six months, you can recover the item or renew the loan for another six months.
Internet Pawn also offers to market the item for you, if you choose not to recover it. They will take out what you owe, and give you the rest of the cash.
We talked to one client who used Internet Pawn to get some cash and put up a designer diamond ring as collateral. He says he really appreciated the fact that he could do everything from the privacy of his own home.
