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If someone is in need off urgent cash. Then, going to the bank is a waste of time. Because first of all, if a person applies for the personal loan. Then, there are a lot of paper works that a person needs to do. Even after doing all the paper works banks will take time. So, that they can verify all the details off the person. This will take more than 2 weeks. Even after waiting for 2 weeks or more than that no one can say that bank will approve the loan. Because this is how the bank works. This is their working procedure and there is no fault in that. But what will happen to the person? Who needs the cash immediately?

That is why going to the bank is not a good option. Instead of that, a person can do the Motorcycle Pledge [จำนำมอไซค์, which is the term in Thai] to get the money. The company who does the car pledge also does the motorcycle pledge. So, if someone doesn’t have a car but have a motorcycle. Then, the person can also go to such companies. To get the money that they need to come out of the trouble.

Company will verify the details

The company will verify all the details off the motorcycle. Like, the company will check the owner’s ID card and then the motorcycle’s paper. So, the company can verify that the motorcycle belongs to that person only. There is nothing else than that. After the verification is done. The person will get the money that they want. It will not take a lot of time of the person.

Don’t get fooled by scammers   

There are a lot of scammers in the market. They are always ready to fool people. They will give less money for the car. And, after that, they will take away the car. So, don’t get fooled by such scammers. And, go to such pledging companies that have a good reputation in the market.

By Genaro Martin

Linda Martin: Linda, a renowned management consultant, offers strategies for leadership, team building, and performance management in her blog.