BlogMonday, February 10 2025
When you hear the word “pawnshop,” what comes to mind? Pawn shop myths taint the image of how pawning works, leading to understandable skepticism. We at Cash Express want to debunk those myths and give you a better understanding of the industry. Why? Because pawning is a viable financial option for you whether you’re buying, selling, or pawning. The stereotypes and misconceptions regarding pawn shops often hold people back. But you can’t ask for a better place to get fast cash without a credit check. These stores are also great places to shop for a spectacular item at an affordable price. Let’s take a closer look. Valuation:Some people think pawn shops undervalue goods so that they can give you less money. A reputable pawn shop will never do that. Many have on-site appraisers to clarify valuations. You won’t get the retail price because the shop needs to make money. At the same time, fair valuations keep a store competitive. What goes into a valuation? Your item receives a checkup of sorts. The professionals look for accurate prices based on sales data, item condition, demand, brand, and provenance. Provenance is most important with high-end items like art and jewelry. It proves where each piece originates, the age of the item, and sometimes other historical information (like who owned it), all of which impact value. Thorough evaluation means you will get a fair price when you pawn an item, sell it outright, or go looking for a special gift. Reasons for Pawning:There’s this idea that people only pawn something when they are desperate. Certainly, there are emergencies when folks need to obtain money quickly, but other reasons exist for utilizing a pawn shop’s services. One is the quick turnaround. Conventional loans can take weeks (or longer) before you get any money. Another reason is it helps people with poor credit. Every credit check impacts a person’s credit score. If you’re already struggling, that’s the last thing you need. Here at Cash Express, no credit check is necessary. Retrieving your Goods:Myth says it’s difficult to retrieve your goods from a pawn shop. This is total bunk. When you pawn something, it’s well-documented. You will have a clearly defined loan duration and a schedule at which you must repay the loan. So long as you follow those rules, you get your goods back seamlessly. NOTE: Keep that pawn ticket in a safe spot! If you’re getting close to the end of the loan duration and still don’t have enough for retrieval, ask about an extension. Most shops are happy to work with you. About Cash ExpressWhat you really need to know about Cash Express is that we are the number one pawnbroker in Philadelphia for obtaining quick cash. If you look at our gallery, you can see the diversification in our inventory. We particularly seek precious metals, gems, antiques, and designer watches. But not everything here is fancy. We also have tools, musical instruments, handbags, and electronics among other things. It is worth giving us a call before you come to the store to see if we’re interested in your item. Our office number is 215-022-1560. You can also use our online contact form or email us info@pawnphiladephia.com for more detailed information. |
