When you think of a pawn shop, you might not think of it as a place to get cash fast, but it is! One of the easiest ways to get money when you have an emergency is to pawn your jewelry. According to Forbes, 5% of Americans pawn jewelry when they need cash. Let’s take a look at a few advantages of pawning your jewelry at your local pawn store.
1. Pawn Shops Don’t Care About Your Credit Score
One of the most significant advantages of pawning jewelry at pawn shops is that they don’t look at your credit score. If you need some money for an emergency, all you need to do is take your jewelry to the pawn shop. If it’s worth anything, the broker will offer you a loan amount. They will then take the jewelry as collateral. When you get money to pay them back, you can get your jewelry again. The process is done without looking at existing debt and credit scores. All they need is to be convinced they can get back the loan amount when they sell the jewelry.
2. You Get Money Quickly
Another advantage of pawning jewelry at pawn shops is you’ll get money quickly, which can be very important if you’re dealing with an emergency. Once they value your jewelry, the broker will tell you how much they’re willing to pay for it. If the amount suits what you need, they will give you the cash you need after filling out a little paperwork. You won’t have to wait for a loan application to be approved for the loan, so you will actually walk out the door with money in your hands.
3. Saves You Time
A pawn shop is like a one-stop shop with everything you might need. By visiting a pan shop, you won’t have to waste time negotiating with banks or buyers to see what your item is worth. Just because you don’t have money today, doesn’t mean you will never have it. The broker will assess your item and tell you what they think is fair. If you agree, everything is done within an hour, and you can be on your way.
Are you in financial trouble? If you need a bit of relief, pawning jewelry at pawn shops can be a great idea. Once you get some money to pay them back, you can go and get your jewelry again. Get in touch with us today if you’re in need of some fast cash.