Ran out of money and need emergency cash:

Anybody can fall into this thing. Where a person needs some emergency cash and doesn’t have an emergency fund in their account. Then, the problem arises off arranging money. A person can ask for some money from friends and relatives. But they can also with a small amount. Because not everyone has a lot of money. And, if the person requires more than $20000 then it is a challenge to arrange such amount of money. In that case, the person can go to the bank. But it can’t be possible if the person needs it urgently. Because the bank will take time to process the loan amount. And, on top of that, the interest rate is higher. So, this is not the option.

On the other hand, if a person has a pickup truck. Then, they can go with Pledge Pickup truck [รับจำนำรถกระบะ, which is the term in Thai]. In which a person will pledge their pickup truck to get the money. The company who deals in pledging car and motorcycle will also pledge pickup truck too. So, don’t worry about anything. Just contact such a company and get the money instantly.

What are the documents required?

The process is very simple and doesn’t require a lot of documents. Like a person needs to do that when they apply for the loan in the bank. A person just needs to give their ID card, vehicle papers and their house registration paper. That’s it a person needs to provide. After that, the company will take care of everything. And, process the money that a person required. In a short period, the person will get the money.

Interest rate matters a lot

In every type of pledging interest rate always matters. The lower the interest rate lowers the amount a person needs to pay. And, that is why a person needs to check the interest rate of the amount. That they are taking so, that they can find out the extra money that they need to pay.

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James Harrison: James, a supply chain expert, shares industry trends, logistics solutions, and best practices in his insightful blog.