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ATM pawnshop
#21
(01-08-2018, 06:19 AM)joshuacabrera Wrote: A lender should have connection with the accounting of an organization, this is very dangerous for the bank. It's so natural for the borrower to acquire a substitution for an ATM card just by pronouncing to the bank that the old ATM card was lost. The organization require not realize that the old card was supplanted in light of the fact that they just need the record number to process compensations. Henceforth, the bank could be holding a pointless insurance.

You can't call directly by the bank because it's a Payroll ATM card. It's issued by the employer they can report it first by the HR department if their card has been lost. Borrowers will give his pin code to the lenders so they can withdraw the money on the payday. Payroll card only serves as a collateral so the lenders are at ease because they will know that their money will get back in the right period. The employer is not liable for any amount that has been withdrawn by the payroll card. It's very hard to lend some money from others because they're afraid that they won't get paid that's why borrowers give their payroll card just to give assurance that their money will be back soon. Filipinos do this often because it has low interest and sometimes no interest at all especially if you know the person well.
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#22
Oh I see, I've heard of this around the office but I never really understood how it goes. So that's how they do it, pretty clever I can say. I'm never really a fan of lending money or borrowing, if I starve, I starve alone. I know it may be selfish of me, your point of view of someone will change once money is already involved this is why as long as I still want you as friend, you can't expect anything from me money-wise, sorry. Unless you're one of my closest friends of course that's a different thing.
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#23
For me this kind of gimmick is very useful and smart, its a very wise tactic against scalawags, i didn't know about pawning your ATM could be possible until one day when i was playing on my computer my friend went out to buy Can goods, chicken and pork meats and some vegetables, thirty minutes later after she went out to buy, i then realized that it wasn't payday yet, after she got home i asked her "where did you get the money to buy groceries?", then she said "my social media friend recommended me to pawn my ATM card when the time comes that i don't have any money", i'm confused at that time because i don't know that "that' method truly exist, at first i'm scared for her because she might lose her ATM card to some frauds, but months have passed, she still gets money from her ATM card, though she already got tired of that method because she still needs to go to that specific pawnshop to get money.
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#24
Yeah, I saw ATM pawning in one documentary in TV. I think somehow it is a good for loaning a little money from people who do this. It is actually an easy way to make a loan from other individuals. But somehow it is a risky action. Some may scam you and took away your credit card. If they use your credit card, they can get more money than the money they lend to you. So my suggestion is, You can do this type of loan but make sure you know the person you will trust to have your ATM.
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#25
You must be an regular employee to pawn your card. Nobody will accept your atm if they are aware that you are unemployed.
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#26
This type of loan are most popular now a days especially among who have daily jobs. Workers pawn their ATM to an individual who can let them borrow money with a high interest. ATM serves as a collateral from borrower to secure their payment. Now a days, most workers take hold of this loan because of inadequate and not enough resources.
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#27
(01-03-2018, 01:27 PM)Heart Wrote: Have you ever heard that you can actually pawn your ATM? Here in the Philippines this type of loan is becoming a trend. An ATM where your monthly salary is going can be pawn, its like a collateral but the difference is they will keep your ATM and you can only get it every payday to withdraw your money and pay them, then you will have to return them your ATM it will serve as their assurance that you are going to really pay them. It usually works to those who does not have anything valuable except their ATM.

I am in the United States in North Carolina, there is not any kind of ATM loan, but I think a payday loan we have is similar. Do you all have any other loan options like that who do not check credit, go off your job? If this is like the payday loans as we have and helps people who do not have credit established to obtain any other loan, or valuable collateral. If you follow the guidelines sounds like it it could be beneficial financial help to some out there without credit.  Have you used the new ATM loan system? Is that how you know it works? Seems very interesting, Is there a percentage you pay back they profit? If so is it very high?
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#28
(01-03-2018, 01:27 PM)Heart Wrote: Have you ever heard that you can actually pawn your ATM? Here in the Philippines this type of loan is becoming a trend. An ATM where your monthly salary is going can be pawn, its like a collateral but the difference is they will keep your ATM and you can only get it every payday to withdraw your money and pay them, then you will have to return them your ATM it will serve as their assurance that you are going to really pay them. It usually works to those who does not have anything valuable except their ATM.

I already try this method also I'm from Philippines my ATM is on pawnshop now and yeah it's true this method help me sometimes if have no choice.
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#29
Better believe it I have known about an atm pawn however I for one don't incline toward it. It is nothing new on the planet yet it clearly has chance so I would suggest you be cautious as loads of individuals don't know their identity truly managing. Like said above make sure to know your identity loaning your cash to and know your identity managing. Comprehend what the greatest dangers are before taking a stab at something like this.
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#30
an atm pawnshop is where you pawn your ATM card so that you get money, the consequence for this method is that everytime you'll get money from your card, you need to go to the pawnshop and withdraw so that you can pay them back surely, but one case here in our place, they pawn their atm card to an individual, then they do the same process using that person to person method.
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