PORTSMOUTH, N.H., April 11, 2012 /PRNewswire/ -- Pawntique, the web's trusted online and mobile-enabled boutique destination for short-term collateral loans, today announced it is launching a program in which the company will give away a total of 25 interest-free, collateral-free $1,000 loans to eligible U.S. military families, called "Trust in the Troops."
Pawntique provides short term cash solutions based on assets consumers already own. The recently launched upscale, online pawnshop, offers a safe, secure and discrete Web option that turns personal belongings such as gold, jewelry, watches and other valuables into instant capital.
"Trust in the Troops" is open to U.S. military families who currently have a family member deployed overseas. Interested families are being asked to submit their compelling story, describing in detail why they need the money, as well as what they plan to do with the money if they are chosen, and brief background of their military involvement. A panel of judges from Portsmouth, NH will select the recipients later this spring. Entries must be submitted by May 15, 2012.
According to Don Battis, Pawntique's CEO, the online pawnshop decided to sponsor the program after reading a recent CNN Money article about military families in desperate need of loans.
"We figure these families could really use some extra financial support," Battis said. "Often, when a spouse is deployed, the other spouse is left to raise the family alone. There can be many financial struggles that come along with this daunting task, especially with regards to house and car repairs ... it can be quite stressful. By reaching out to the military community, Pawntique hopes to alleviate a bit of this stress. We just want to help out and do our part during these tough economic times."
Battis noted the program's loans will need to be paid back in full within six months. "We trust we can give away a $1,000 loan to a military family and that they will be able to pay it back," he said. "Afterall, these brave, courageous families are helping to protect our country."
For more information about Pawntique, or to enter the program, visit the "Tell Us Your Story" page at http://www.pawntique.com/military.
Pawntique is a trusted online pawnshop, providing a safe and easy way for you to receive short-term collateral loans. Pawntique is your online boutique pawnshop, giving you access to money based on your personal items with exceptional customer service. Pawntique does not check your credit history or report your loan to credit rating agencies. Personal guarantees are not required. This is your solution to short term cash needs.