February 14, 2020 - Pawn Resources
Contrary to cable TV, pawn shops are highly professionalized retail operations that offer quick and safe financial relief and liquidity. In fact, pawn customers are often more disciplined than other types of borrowers. One reason is that they’re using some form of collateral to secure the loan. Plus, they can’t borrow more than the value of their pawned items.
Ready to get high-priced offers from Philly pawn shops? Then let’s get right into it!
Bright and sparkling diamonds aren’t pawnshops’ only best friend. In fact, jewelry only makes up 5% of Americans’ pawn requests. Whereas electronics consist of 30.1% of requests, making them some of the best things to pawn.
Pawn shops accept iPhones, iPads, or any smartphones and tablets in great condition. They also love power tools, so if you’ve got a few you can spare, consider bringing these to the shop too.
There are some 11,000 pawnbrokers in the country, and as you can imagine, dozens of them are in Philadelphia. Note that all pawnshops in Philly need a license to operate. The city’s pawnbrokers also need to report transactions to the Police Department. Licensed pawn shops in PA are also legally-responsible for securing pawned items. The law holds them liable for stolen items, so that’s peace of mind for you. All this to say, pawn shops are a much better way to quickly move an item than alleyway strangers you meet off of Craigslist.
Whether you’re pawning or selling chinaware or a computer screen, make sure you clean them up! Dirt, dust, grime, and stains can lower the value of your items.
Think of pawning as selling your home — you’d want to show your stuff in their best light, wouldn’t you? The same applies to getting a pawn loan. And be sure to bring the power cords along (or batteries) for any electronic item. The more complete your package is, the better the deal you can get!
Follow these tips, and pawn shops in Philadelphia are sure to give you better offers on your items. But make sure you pay your dues on time, so you don’t have to part ways with your valuables.