January 22, 2020 - Pawn Resources
If you want access to quick cash, as opposed to just selling stuff, then don’t cut yourself short with those guys. What they offer are plenty of competitors that do not sympathize with your financial rut.
Every day individuals go to pawn shops to borrow or sell used merchandise. Basically you bring in stuff like electronics and power tools which you then use as collateral for a pawn loan. While pawn loans still make you pay interest if you agree to take out a loan, you don’t have to kiss your stuff goodbye. According to the National Pawnbroker Association, 80% of pawn loans are paid back.
According to the National Pawnbroker Association, 80% of pawn loans are paid back.
It sounds simple, because it is simple! Pawn shops will give you back your item, just as you left it. They also don’t check your background or credit when giving you the loan. As a result, pawn loans are generally the fastest easiest way to get cash quickly. If used responsibly, it can be a meaningful and helpful source of credit for individuals dealing with upcoming bills. Some individuals may go to pawn shops a few times per year, in order to cover unexpected expenses.
Besides cash loans, these shops sell all kinds of neat stuff that can be like-new or antique. In-stock items at pawn shops defiantly vary and is not solely visited for quick cash loans. Think of them as retail stores, ranging from large to small, with more variety. From a caliper for measuring to fur coats for keeping warm, you can be sure to find all sorts of great bargains.
Say you own a Nikon COOLPIX L830, and you need quick cash today, just find a local pawn shop in your area that will pay the most for your camera. Those who do not visit pawn shops often may be unsure where to go first. It is a challenge to find a nearby shop that will pay top dollar. What if you don’t have the time or money to drive around? That is why you might require a PawnGuru (someone who knows everything about pawn shops).
If you are not sure whether a pawn shop is interested in your item, we highly suggest, you use our service. It will help teach you fast, and save you both time and money.
Any electronics, jewelry, musical equipment, precious metals, power tools, fur coats, vehicles, antiques or furniture, can be submitted through our website or mobile site. We want you to be a PawnGuru too, so be sure to check us out.
David Stiebel is one of the cofounders of PawnGuru. David was educated at MIT, where he studied Math. He subsequently worked at Bain as a data scientist before starting PawnGuru in 2015. He started PawnGuru to build a better tool for pawn shops and consumers to connect.More Articles