{"id":6799,"date":"2016-05-16T16:17:52","date_gmt":"2016-05-16T16:17:52","guid":{"rendered":"\/?p=6799"},"modified":"2018-12-28T20:30:09","modified_gmt":"2018-12-28T20:30:09","slug":"need-to-borrow-less-than-500-pawn-shop-or-payday-loan","status":"publish","type":"post","link":"https:\/\/findyourcoveragepolicy.com\/finance\/loans\/need-to-borrow-less-than-500-pawn-shop-or-payday-loan\/","title":{"rendered":"Need To Borrow Less Than $500? Pawn Shop or Payday Loan\u2026?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">If you need to borrow less than $500 and are wondering whether you should apply for a payday loan or just pawn one of your valuables, you have to weigh your options. Pawn shops aren\u2019t going to give you very much for your valuable items because they have to \u00a0make a profit. That means if you need $500 or less, you\u2019ll need an item that\u2019s at least $1200-$1500. In addition, you have to pay back interest fees and more. Also, the loan lasts anywhere from 30 to 90 days. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Payday loans carry extremely high interest rates. You may be in debt anywhere from 6 months to a year, so keep that in mind as well. If you\u2019re unable to pay, they may take legal action against you by garnishing your check. Neither one is an ideal option, but it\u2019s important that you\u2019re aware of what you\u2019re getting yourself into.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you need to borrow less than $500 and are wondering whether you should apply for a payday loan or just pawn one of your valuables, you have to weigh your options. Pawn shops aren\u2019t going to give you very much for your valuable items because they have to \u00a0make a profit. That means if [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7069,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"_links":{"self":[{"href":"https:\/\/findyourcoveragepolicy.com\/wp-json\/wp\/v2\/posts\/6799"}],"collection":[{"href":"https:\/\/findyourcoveragepolicy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/findyourcoveragepolicy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/findyourcoveragepolicy.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/findyourcoveragepolicy.com\/wp-json\/wp\/v2\/comments?post=6799"}],"version-history":[{"count":0,"href":"https:\/\/findyourcoveragepolicy.com\/wp-json\/wp\/v2\/posts\/6799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/findyourcoveragepolicy.com\/wp-json\/wp\/v2\/media\/7069"}],"wp:attachment":[{"href":"https:\/\/findyourcoveragepolicy.com\/wp-json\/wp\/v2\/media?parent=6799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/findyourcoveragepolicy.com\/wp-json\/wp\/v2\/categories?post=6799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/findyourcoveragepolicy.com\/wp-json\/wp\/v2\/tags?post=6799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}