So, what’s so great about pawn shops?
When you think of a pawn shop you might associate it with old and used jewelry. You might also assume that there is only items that people didn’t want anymore. Or if you are like me, you think about Pawn Stars the TV show that had America entertained. But there is so much more to a pawnshop than just finding extravagant items. Each pawnshop is different. While some just pawn precious metals, others take electronics, tools and more. No matter the type of pawnshop, their concept remains the same. Pawnshops are cool! And I will tell you why. Here are the top two reasons why pawnshops are so great:
With pawnshops, jewelry is a very liquid asset.
If you have valuable items that you haven’t touched in a few years, it might be time to sell them. You may just get maximum value in return. I know you are thinking “but what if it’s too hard to let go of my beautiful piece?” that is okay! At BG Loan, our staff offers honest advice to help you make the right decision. There is no pressure to sell your items because our shop is made to serve our community in times of need and to offer luxury jewelry at an affordable price. But in the case you are ready to let go, pawnshops are ready to give you cash immediately, and therefore are a great source of funding.
You can use your item as collateral for a loan.
The beauty of a pawn shop is that you don’t always have to sell your items to get cash. In fact, most of the business pawnshops provide confidential collateral loans.You give them your jewelry to back your loan, and they will give you cash upfront immediately. To top it off, there are no credit or background checks to worry about and if you default on a loan it won’t hurt your credit! Getting a loan is recommended because you don’t have to give up your item forever. It’s the easiest way to get cash quick, and as soon as you pay off your debt you can also redeem your item. Doesn’t that sound appealing?
Pawnshops are reliable.
If you live in California, the state has fixed interest rates and they’re among the lowest in the country. If you’re not in California, there’s no need to worry. Each state has its own limitations and regulations on interest rates. Since the state regulates most pawnshops, you will be sure to get fair rates on any loan.
So the next time you are in need of cash, remember that a loan is easy to get and pawnshops are the place to go. These shops are willing to buy certain items. At BG Loan & Jewelry you can get an appraisal at no cost with no obligation to sell, so come on in and check us out! BG Loan is known for our trustworthy appraisals and we promise you will get market value on all of your items. We encourage you to choose the offers that are best for you, and decline the ones that don’t work because you are in control.