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Beyond the expected

Needing cash for breakdown. Where to get quick money?

By Campbell - 29 May 2013 24

Hi, I have just received the bad news that my 7 year old car is almost dead, it needs major work now. My problem is having just moved to Canberra and paying so much money to relocate, rental bond etc I have no money left, but I really need my car.

I am trying to find someone to loan me the money needed $1300. Is there a Pawnbroker or Loan Office in Canberra?

The yellow pages does not have a listing for any, although I recall one in Lonsdale St Braddon from years ago but they are no longer there.

Does anyone know if any pawnbrokers or loan offices exist here still or are they a thing of the past in Canberra? I only need the money for about 6weeks or so till I get back on my feet. Thanks

What’s Your opinion?


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24 Responses to
Needing cash for breakdown. Where to get quick money?
Kalfour 10:32 am 30 May 13

I’m a full-time student with a small income and almost nothing in assets, but the bank was still willing to give me a $5,000 loan (which I didn’t end up taking).
If I’m eligible, you probably are too.
The minimum loan they’ll give is $5000 though. And apparently there are fines if you pay it back within a year.

EvanJames 9:52 am 30 May 13

300,000 kms in 7 years?! How many laps of Australia have you done? My ’94 car has done 331,000 kms. Clutch is fine, just everything else is buggered. And regular servicing sadly won’t save you, or even pick up major problems (like worn wheel bearings and hub assemblies so stuffed the wheel’s almost falling off).

Do you have an account with a bank or a credit union? If you have an ongoing relationship with a financial institution, it’s a bit more likely you can get a personal loan off them.

golden_youth 9:49 am 30 May 13

http://nimble.com.au/ – $600 in your account under an hour

MrBigEars 9:41 am 30 May 13

You could possibly get a same day loan from your bank (at least one of the big 4 offers it) for $5k, you spend $1.5k on your wheels and then plow the remaining $3.5k back into the loan with no penalty.

I was in a similar position once, and that’s how I got it sorted. Good luck

concamkel 9:21 am 30 May 13

Thanks for the suggestions! Yes the car has always had regular services, it has just under 300,000klm, it has clutch problems, it is 7 years old after all. Thanks but I don’t need any counselling. I do not have a credit card and by the time I apply and receive one I would be out of this situation, I only need this money for no longer than 6weeks more like 2-3weeks fingers crossed, but I really need it by Friday. There was a pawnbroker/loan office in Braddon years ago that were very helpful in times of need, can our banks lend people small amounts of money under $1000 NOW. I am one of those ‘lucky’ people that have no one else to ask in tuff times (my fault). I have property for sale interstate property which I hope sells quickly after I buy new car maybe, but that does not help me this week, and yes ‘porn’ would be more fun than ‘pawn’!

Dilandach 8:46 am 30 May 13

arescarti42 said :

I seem to recall there being a “pay day loans” type place on either Crawford or Monaro Streets in Queanbeyan. Cash converters in Woden might help you as well.

Be very careful what you do though, the terms on those sorts of loans are usually pretty horrendous.

Yeah, don’t ever go to the pay day loan places. They’re basically legal loan sharks.

I don’t have any suggestions though sorry.

milkman 7:06 am 30 May 13

Solidarity said :

Only 7 years old and almost dead? Sounds like a pretty crap car. What’s wrong with it and what is it?

+1, what sort of car? Have you serviced it properly?

Brianna 9:58 pm 29 May 13

skip71 said :

Try Care Financial Counselling service they have a no interest loans scheme for low and moderate income earners (http://www.carefcs.org/)

Or, Salvation Army (http://salvos.org.au/need-help/financial-troubles) provide emergency financial assistance, you will need to supply evidence of your need to both organisations though.

In my view, much safer options than high interest pay day lenders.

Huge thumbs up to Care Financial Counselling. They also have a No Interest Loans Scheme to look into.

Tetranitrate 8:27 pm 29 May 13

If you’re on any kind of centrelink payment (including and especially family tax benefit) you can get advances on future payments, which are effectively interest free loans where the principle is paid back over 6 months.

Sandman 7:54 pm 29 May 13

I’d be going the credit card option. You can get a second one and do a 0% balance transfer as well if you need a bot more time.

skip71 5:35 pm 29 May 13

Try Care Financial Counselling service they have a no interest loans scheme for low and moderate income earners (http://www.carefcs.org/)

Or, Salvation Army (http://salvos.org.au/need-help/financial-troubles) provide emergency financial assistance, you will need to supply evidence of your need to both organisations though.

In my view, much safer options than high interest pay day lenders.

m@ 4:50 pm 29 May 13

arescarti42 said :

Be very careful what you do though, the terms on those sorts of loans are usually pretty horrendous.

+1

Any reason you’re leaning toward this option and not a credit card? Even if you have to swallow an annual fee it would likely be cheaper overall, especially if you miscalculate your time-frame for repayment. I’d think that the banks would be pretty keen to push lines of credit with consumer spending down and saving up, so you should be able to find a good deal if you shop around.

Reprobate 4:45 pm 29 May 13

Maybe for quick money you need to consider porn rather than pawn.

arescarti42 3:51 pm 29 May 13

I seem to recall there being a “pay day loans” type place on either Crawford or Monaro Streets in Queanbeyan. Cash converters in Woden might help you as well.

Be very careful what you do though, the terms on those sorts of loans are usually pretty horrendous.

Solidarity 3:47 pm 29 May 13

Only 7 years old and almost dead? Sounds like a pretty crap car. What’s wrong with it and what is it?

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