A pawn shop can be a good source for a loan if you have something of value to use as collateral. You can also buy or sell items at any of their locations. Today, pawning is a $14 billion industry concentrated in over 11,000 pawn shops around the country, according to Statista. Read further to understand what qualities a trustworthy pawn shop has.

1. Location

The business should be situated in a well-lit and easily accessible location. This is not only for the benefit of the customers but also for the pawn shop’s security. If the pawn shop is difficult to find or is located in a seedy part of town, it might not be the best place to do business.

2. Good Reputation

A good pawn shop will have a good reputation in the community. This can be verified by checking online reviews or asking friends and family for recommendations.

3. Licensed and Insured

Being licensed and insured is a must for a legit pawn shop. This protects both the pawn shop and the customer in case of any accidents or theft. If the pawn shop is not licensed or insured, don’t risk it.

4. Good Customer Service

The staff at a good pawn shop will be friendly and helpful. They should be able to answer any questions you have about the pawn process. They should also understand the items they are selling and can tell you about them.

5. Transparent Pricing

A good pawn shop will be upfront about their prices. They will have a clear and concise pricing structure for loans, interest, and fees. There should be no hidden costs or surprises.

6. Organization

A good pawn shop will be well-organized like any other professional store. This means that the items for sale will be clearly labeled and easy to find. The shop should also be clean and free of clutter.

7. Professional Appraisers

There should be at least one professional appraiser on staff. These appraisers should be able to properly assess the value of the items you are pawning or selling. This ensures that you are getting a fair price for your items.

When looking for a pawn shop, keep an eye out for these qualities. A pawn shop that has these qualities is likely to be trustworthy and provide a good experience. Give us a call today at Florida Cash, Inc. for an experienced and trustworthy pawn shop.