February 06, 2020 - Pawn Resources
Since the recession, more and more people have decided to come to pawn shops for loans as a means of covering unexpected financial needs. These loans help to improve liquidity as they help the average American acquire short-term cash loans.
The way a pawn loan works is that you offer an item of value to the pawn shop such as your Xbox, PlayStation, iPhone, or Coat, etc. The pawn shop safely holds the item in storage, with your name on it, and gives you cash and a set of dates of payments are due. Once you pay back the loan, you get your valuables back. Getting instant cash infusion allows for financial liquidity during any turbulent economic climate.
If a PawnGuru user needs quick cash, they can submit their valuables online, but eventually collect the quick cash offer for their item at the pawn shop of their choice. All you need to do is submit your item’s details online, and you’ll get cash offers from pawn shops in your local area. For instance, if you live in Atlanta, you will get cash offers from local pawn shops within the Atlanta area for your convenience. What you do then is take your item into the pawn shops, and you can take the best offer and get your cash all in the same day. It is that easy! It is a great way of generating money quickly while saving you both time and money in the process.
PawnGuru takes item submissions for almost anything of value. Think jewelry, clothing, furniture, electronics such as iPhones and Xbox consoles or musical equipment! This quick cash solution can boost your liquidity if you ever come across unexpected expenses. PawnGuru is 100% free of charge, and we do not charge for you to submit an item, we do not even ask for a credit card. It is quick, easy, and free – we are here to help! You are not obligated to take offers, so if the cash offer does interest you, feel free to decline. Our users often get multiple cash opportunities from local pawn shops within a few hours.
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