Are you currently strapped for cash? If so, you may be looking for quick ways to fix that. Instead of applying for a traditional loan, you should look into pawning certain items. As you start checking out local pawn shops, here are some questions you should ask before handing something over. 1. How Much Can I Get for This Item? The purpose of pawning an item is to get money. So, of course, your first question will likely be related to how much you can get for that particular item. Remember, you don’t have to take the first offer given to you. If you’re not satisfied with one pawn shop owner’s ..read more

Many people use pawn shops to obtain quick cash loans for a variety of purposes. According to Statista, the United States has more than 11,000 pawn shops that generate more than $14 billion in annual revenue. You might wonder what happens when items are pawned, so let’s take a closer look. Items Remain Stored When you pawn an item, you enter into a contractual agreement with the pawn shop; they loan you money that is secured with your pawned items. The items are collateral, and the pawn shop stores them for the length of the contract. If you don’t collect them when the contract expires by repa ..read more

Pawning is an ancient practice that has been prevalent all over the world, and yet some people are still not familiar with the practice of pawning or why it’s still popular. Today, according to Statista, pawning is still a huge industry with an estimated 30 million Americans using pawn shops each year to put down their property as collateral to secure short-term loans. Let’s learn more about pawning, how it works, and whether or not it can benefit you. Why People Pawn If you’ve never been inside a pawn shop, you may not really understand how it all works. Even if you have been inside a pawn sh ..read more

One of the fastest ways to get money for jewelry you no longer wear is to sell it to a pawn shop. According to a recent study, by Statista, 5% of Americans pawn their jewelry when they need money. While selling to a pawn shop is fast, not everyone out there offers a fair price when you try to sell jewelry, so it’s important to do your research. Here are some tips that can help guide you toward a local place to pawn or sell jewelry. Learn What Your Jewelry Is Worth Before attempting to sell any of your jewelry, you should consider taking your jewelry to an appraiser or a jeweler to find out exa ..read more

Selling precious metals can be a great way to make extra cash when you need it. According to Statista, it’s estimated that 0.7% of Americans pawn precious metals or stones when they need cash. However, to get the most for your precious metals, you need to know the right places to sell them, and you need to know which types of precious metals to focus on. Let’s look at some types of precious metals you can sell at the pawn shop. Precious Metals Identification First, let’s talk about what qualifies as a precious metal. Two factors are used. Rarity is one factor; the more rare a metal is, general ..read more

Pawning electronics is a quick way to get extra cash in a pinch. According to Statista, about 30.1% of Americans pawn electronics when they need cash, but there are a few things to know before you head to your local pawn shop. Keep these things in mind when you’re ready to sell or get a loan for your old phones or game consoles. 1. Include the Cords Some people show up at a pawn shop with expensive game consoles but cannot sell them because the person working can’t verify that they operate successfully. Before heading to the shop to sell anything, ensure you have all the necessary cords. Phone ..read more

There are many reasons why people pawn their necklaces, rings, and bracelets. A pawn shop is a lender that doesn’t check credit but instead uses your collateral to make a loan to you. When you pawn jewelry, you are not selling the jewelry. Instead, you are taking a loan based on the value of the jewelry. Here are three reasons you should pawn jewelry when you need to easily acquire cash. 1. Pawning Is a Straightforward Process Many people pawn their jewelry because the process is easy. You walk into the pawn shop, your jewelry is evaluated, the pawn shop makes an offer, and then you walk out w ..read more

For 5% of Americans, pawning jewelry when they need cash is a common and often preferred strategy, according to Statista. Pawning jewelry is a great way to get quick cash in an emergency, but if you’re not careful, you could end up getting less than you bargained for. Here are some tips on how to maximize the value of pawning your jewelry. Visit Only Reputable Pawn Shops Unfortunately, some pawn shops may offer less than what your items are worth. To get the most out of your jewelry, research and find a reputable pawn shop with good ratings. Look for shops that offer fair prices for valuables ..read more

When you’re in need of a loan, pawn shops are a potential solution. According to Statista, an estimated 30 million Americans use pawn shops each year, providing collateral in the form of their property to secure loans. If you’re one of these 30 million people considering a pawn shop loan, then you should know these five things first. 1. Proof of Employment While most loans have a pretty strict application process that requires you to provide proof of employment, that’s not usually the case with pawn shops. Securing a loan at a pawn shop is a lot easier than securing a loan through a traditiona ..read more

According to Statista, the pawn shop industry is worth over $14 billion, with over 11,000 stores dotted across the U.S. It’s no wonder a single pawn shop can offer a bevy of jewelry, tools, media, and technology. The pawn shop is the perfect place to start for those looking to hone their musical prowess or begin learning their first instrument. Musicians are pawning their old musical equipment in the same way that people routinely sell gold or jewelry at shops. Let’s examine why you should buy your next instrument at a pawn shop. Beginner Friendly Instruments like violins, guitars, flutes, and ..read more