Avoid learning a lesson the hard way. Don't make the following mistakes that will only make a bad situation worse. Paycheck Lenders . The lender agrees to hold your check until you receive your next paycheck. The catch is that the lender gives you less than the amount of the check.
Pawnbrokers charge a very high rate of interest.
If you fall behind on your loan payments, the pawnshop keeps your property. You also won't get any credit for the payments you have already made. The idea is that you will rent the property until you qualify for ownership. Often, your total payments are three or four times the value of the property that you are renting. In addition, if you fall behind on your payments, you will lose the property you are renting, and you won't get any credit for the payments that you have already made.