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Gird your loins, it’s tax season again.

Gird your loins, it’s tax season again.

No one loves tax time. Many of us get through tax season in one piece. Some of us wind up saddled with a tax bill we have to pay. If you’re one of the lucky few surprised by a large tax liability, stay calm and review options for paying.

  • Consider using the equity in your home, a loan. Watch interest rates.

  • You can use your credit card to pay your taxes. Again, be mindful of the interest rates, (at least you’ll get the miles/points for that charge).

  • Raiding your savings.

  • Getting a personal loan, more potential high interest.

  • Borrow from family or friends. This can get sticky.

  • Cashing out paid time off work.

  • A more extreme option get a loan against your IRA or retirement fund. Definitely a last resort. If not paid back in the allotted time, tax penalties lurk.

  • Work out a payment plan with the IRS which has its own set of fees and interest rates.

An option you may not have considered is a collateral loan from Pawngo. If you have something of value, it can represent a line of credit that can be used to pay your tax bill. The good news is, you’re not selling this item. If you’re approved for a collateral loan from Pawngo your item is kept safe and sound in our secure storage facility and you’ll get the funds within 24 hours. After your loan is paid, your asset is returned in perfect condition.

Even better, our interest rates are up to 50% less than conventional loans, with no financial documentation or credit check needed and no hidden fees. Your asset does all the work.

See what collateral we accept.