loans

Paying Off Student Debt

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Need to pay off your college loans? If you can't get a paycheck, it might be time to get a little creative.

According to recent numbers nearly 70% of college graduates leave school with debt. And of those graduates one out of every six college students have defaulted on those loans. So if you aren't able to pay your college bills it might be time to think beyond your nine to five. MSN Money has come up with a list of outside the box ways to bring in a little extra cash for your student loans.  read more »

Designer Loans

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Need some extra cash; check your purse.

The Hong Kong mortgage brokerage “Yes Lady Finance” has come up with a new way to get people quick and easy loans; all they need is a designer handbag. The company will loan up to 50% of the new bag's value giving people four months to repay it at an interest rate of 4%. If the client fails to repay it the bag is sold by the company's retail partner in one of its second hand designer stores.

The chairman of “Yes Lady Finance” says people attach sentimental value to their bags and don't want to sell them for good; this makes their business of loaning money less of a risk. Loans start around $200 and rise depending on the quality of the handbag. One client brought in a crocodile skin purse and received a loan for $32,000.  read more »

An Alcoholic Loan

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Need a little collateral; look to your liquid assets.

In order to help those in need of a loan some U.S. pawnbrokers are now accepting fine wine to secure re-payment. And business is good. Pawnbrokers say despite their last resort reputation more people are coming to them because they can get a same day loan; instead of waiting weeks or months with a bank.

One pawn shop above a bank in Beverly Hills says its clients include hedge fund managers, bankers, doctors and Oscar winning actors. It says these people; although wealthy sometimes need a boost of fast cash for their latest business venture. An online pawn broker in New York says it regularly accepts wine as collateral from the upper class yet rarely sells it.  read more »