Friday, April 14 2023
If you are looking for quick cash in Philadelphia, PA, have you considered pawning your items? It’s certainly faster than getting a loan at the bank. A pawn shop offers you a short-term loan based on the item’s value that you are pawning. If you pay that loan on time, you receive your item(s) back. If not, the pawn shop can sell the items. Should you not be worried about getting your property back, you can also sell it outright.
Factoid: Pawn shops have a history going back some 3,000 years. In some ways, they’re a mini-bank. There are over 12,000 pawn shops in the United States alone. In the shop, you can not only sell or get a loan on your item, but you can also go shopping!
Pawn Shop Advantages
Pawn shops, like Cash Express, have advantages you may not have considered. Do you have bad credit? No problem; pawn shops don’t care. And unlike other purchases, if you are late on paying off your loan, it doesn’t hit your credit rating. Then too, you get your money on the spot. Pawning is, indeed, a quick cash transaction that can provide immediate financial relief.
Pawn shops charge high-interest rates, which are regulated by the states. Plus, they do not give you the total value of your transaction. On average, it ranges from 20%-60%. So, if something is appraised at $1,000, your take is $250-$600. The money may tide you over, but the sooner you repay the loan, the better. Generally, a loan from a pawn shop lasts 90-130 days.
What to Choose?
At Cash Express, there are certain items on which you can get better loans. We are almost always looking for
Good to excellent-condition items are the best choices. Also, consider what’s popular in collectors' items (like Beanie Babies).
Please take a moment and think about what you want to pawn for a loan. Can you live without it if you don’t pay back the loan on time?
What About Antiques?
Small antiques fare better than large items (there is only so much room on the showroom floor). Cash Express has special way of buying and selling techniques. Welcome to Ark Antiques! It is the best destination for pawning antiques and truly unique pieces. We’d love to see your items.
Cash Express Advantage
When you are considering getting quick cash in Philadelphia, PA, we are happy to help. Our professionals understand the choice of pawning an item can be stressful. It’s our job to walk you through the process with ease. You can use our online contact form to find out if your property is something we’re looking for right now (saves you a trip). You can also email us at email@example.com, or call our office at 215-922-1560.