How to Get a Loan Without a Job


Sarah Rodgers


August 5, 2020

During the coronavirus, there are a lot of people losing jobs and needing extra cash to get by. And getting a loan from a bank when you are unemployed is hard. Especially when you have to convince the bank that you will be able to pay off your loan. But is there an easier way? Are loans really the best idea when you don’t want to end up in massive debt? Well, there is an easier way to get a loan. A method that not only saves you money, but also doesn’t go against your credit score if you aren’t able to make your monthly payments, and doesn’t lead to debt ever! It sounds like a dream come true, doesn’t it. Keep reading to find out what it is!

Getting a loan from a pawn shop

Yup, that’s right, you may not have heard the news. Pawn shops have actually been the best resource for people in need of a loan since the beginning of time. Even kings and queens used to use them as a resource. So how does the loan process work in a pawn shop? Aren’t pawn shops used for selling and trading items? Pawn shops are, in fact, used for trading and selling, but they mostly deal in loans for anyone needing fast cash. As far as how getting a loan from a pawn shop works, we will go over it in the next paragraph.

How does the loan process work?

Getting a loan from a pawn shop is, to be honest, quite different than getting one from a bank. First off, you don’t actually get to get something from nothing. Before getting a loan from a pawn shop, you have to have an item of value, something worth the cash you will receive. Now don’t get too worried. You don’t have to give up your item. The pawn shop will not sell your item when you are getting a loan unless you do not make payments, and you forfeit the item. All you do is get an item that is worth the amount of cash you want from the pawn shop, then you bring it in, and they will make you an offer. Because it is a loan, they will only give a fraction of your items worth, seeing as you are going to have to pay it back before retrieving your item from them. Make sure to bring in your I.D and proof that the item your pawning belongs to you. Pawn shops have a strict rule against thieves that make it hard to get away with pawning a stolen item.


What can you pawn for a loan?

There are tons of things you can pawn that are just lying in your home. You can pawn items like appliances, electronics, jewelry, gold, silver, recreational vehicles, cars, antiques, instruments, power tools, and much more. The more things you pawn, the higher your loan will be. Just remember, if you are unable to pay off your loan, you will not receive your item back, but you can ask for a loan renewal. Check with Xtreme Pawn Shop to see what we can do.

Do you need a loan? Xtreme Pawn Shop is the place to go! You can get the money you need as fast and easy as possible with no commitment. We also do not care about credit score either, so you don’t have to either. Come into our shop today to find a loan fast! You can call us up at (801) 876-1782 or contact us online. We have pawn shops in West Jordan and Lindon.