Common Exchange Logo

Is It Acceptable To Buy Your Fiancé’s Wedding Ring At A Pawn Shop?

Recently, in an online forum for a dating website, the question was asked: Is it acceptable to buy your Fiancé’s wedding ring at a pawn shop? As you can imagine, the question evoked quite the gambit of responses. Some felt strongly that it was a bad way to start the marriage, while others strongly supported it.
(more…)

Buying A Used Acoustic Guitar

If you’re thinking about learning how to play the guitar but aren’t quite ready to commit to the price tag of new gear, finding a previously loved set of strings might be your best option. But when selecting a used piece of equipment, there are a few things that you should consider. (more…)

The January After The December Before

So it’s January 2017. Christmas is over. New Years is over. It’s a new year, full of new promise and (possibly already broken) resolutions. How is 2017 going to be different to 2016? Many are making resolutions about losing weight, or quitting smoking, or making “more responsible financial decisions” in 2017. That all sounds great, if you’re in a position to be able to make “responsible financial decision” but for 2 million Canadians who rely on the predatory practices of Payday Loans each year, that resolution may seem like a pipe-dream. Just putting food on the table in a pinch is today’s resolution! (more…)

How To Save Money on Video Game Consoles

Recently Nintendo released several new video game consoles that all pay homage to the consoles of yesteryear. People around the world, and many right here in British Columbia lined up for hours or even days to get their hands on these consoles.

Perhaps you too are considering an upgrade to a new console, or perhaps you’re thinking of trying out a new console on a new platform – these tips will help you make that new video console more affordable. (more…)

8 Reasons You Should Never Consider A Payday Loan – Part 2

In our last article, we considered the first four of eight reasons you should never even consider a payday loan. In this second instalment (pun intentional) we will consider another 4 reasons payday loans are just a straight up terrible idea.

It’s true, no one enjoys being short on cash. It’s stressful and has been known to drive people to desperation. Sadly, payday loan providers are waiting to capitalize on this desperation. But before you sign on the dotted line, consider this: (more…)

8 Reasons You Should Never Consider A Payday Loan Part 1

You have a bill to pay. Payday is still a few days away. You have no cash available and no one to loan a few bucks from.

This is the situation tens of thousands of Canadians face every day. It’s also the target market that those ubiquitous Payday Loans stores that beckon the masses into their evil lairs. These “stores” make vast amounts of money from outrageously high interest rates. The fact is, taking out a payday loan is one of the worst financial decisions you can ever make. Victims are often exploited because they just don’t know any different, or simply find themselves in a desperate situation, and therefore ripe for being exploited by predatory Payday Loan providers. (more…)

How Do Pawn Loans Work?

So How Do Pawn Loans Work? If you want to get a cash loan with a bad credit history, there really is no point applying to the bank. They will almost certainly not approve a loan, and you’ll likely be dealt with as less than “the ideal customer”. Yes, the very institution that has enjoyed your loyalty for so (read: taken your money for years) long will decline your application with minimal hesitation. Any adverse entries are recorded by credit bureaus for seven years will get your application denied. And after that seven years there’s no guarantee they will ever ignore that “little transgression”. (more…)

How to Get Hard-to-Find Music

The problem with liking, shall we call it; “unpopular”, or as we may like to call it; “classical” music is that the record stores across Greater Vancouver likely don’t carry copies of the albums that you’d love to buy. So How to Get Hard-to-Find Music-Tracking down CDs, LP’s, and yes, even cassette tapes, is also difficult if you’re trying to find import versions, singles or other uncommon releases by your favourite artists. (more…)

How Do Pawn Shop Loans Work?

If you want to get a cash loan with a bad credit history, there really is no point applying to the bank. They will almost certainly not approve a loan, and you’ll likely be dealt with as less than “the ideal customer”. Yes, the very institution that has enjoyed your loyalty for so (read: taken your money for years) long will decline your application with minimal hesitation. Any adverse entries are recorded by credit bureaus for seven years will get your application denied. And after that seven years there’s no guarantee they will ever ignore that “little transgression”. (more…)