Why Pawnshop Are Important

Fast Emergency Cash We've all grown up and seen pawnshops throughout our lives, but did you know that this industry is set to reach $4.12 billion by 2028? Yes, you read that correctly. By definition, a pawnshop is a place where you can cash in items such as vintage technology, jewelry, lawn equipment, or other personal belongings for loans. Pawnshops are vital to the US economy and society at large. Yet, few people know the importance of pawnshop culture and how it is...

Pawn Shop Help During Inflation

Pawn Shop Loans Help During Inflation and Emergencies There's no question that the price of common goods has increased across the nation in the last couple of years. The price of basic items like milk and bread has skyrocketed. Gas prices alone have doubled in the last two years. From 2021-2022 the inflation rate was 8.7%, the highest the United States has seen since 1981. Wages have not kept up with the price of goods. This in turn has led to a spending crisis...

How Long Do Pawnshops Hold Your Items Before Selling Them?

Pawn Shop selling jewelry which were previously pawned The pawn shop industry is reportedly worth around $2.9 billion in 2022. This goes to show that the pawn shop industry is showing no signs of slowing down, but when it comes to getting your items bought and sold in pawn shops, what are the rules? In every pawn shop that you walk into, there will be set rules on pawning your items, and you should make sure that you know what they are. While...

How To Negotiate at a Pawn Shop and Get the Best Deal

Negotiating at a Pawn Shop and Get the Best Deal The United States is home to over 9,000 pawn shops. If you enjoy haggling for deals, then a pawn shop is your dream store. Forget the department stores with non-negotiable prices. Pawn shops give you the chance to engage in some good old-fashioned bargaining. Pawn shops offer individuals a place to purchase used goods for less money and to sell their goods when they're looking for a buyer. So rather than advertising for a buyer in...

7 Advantages of a Pawn Loan

Pawn Shop and Collateral Loans in Manhattan, NY When you have an emergency that requires finances that you don't have, panic sets in. You can feel your body begin to sweat and heart beat harder. Perhaps you have an unexpected medical bill. Maybe a storm just destroyed your roof, and you don't have the money for the deductible. Maybe your only car just quit, and repairs cost far more than what you have in the bank. You need emergency cash to get you...

Can You Trust a Local Pawn Shop?

Thinking about pawning Most local pawn shops get a bad reputation for good reason. They deal with a lot of customers who are in distress and need money quickly. Pawn shops don't require you to prove ownership of an item or where you got it, which means they may end up purchasing stolen goods. There's also the fact that some pawn shops don't accept returns on the things they sell. However, they're an invaluable resource if you're hoping to make some quick money...

Pawn Shop Rules & Regulations

Pawn Shop process and rules. Each year, pawn shops across the United States generate billions of dollars in revenue. As of 2022, there are 9,259 pawn shops in the U.S. Like other forms of alternative finance, pawn shops are on the rise with more and more people using them to make ends meet. A significant part of this increase comes from people using pawn shops as a way of easing financial burdens. When it comes to working with pawn shops, though, some people...

What is the Difference Between Pawning and Selling to a Pawn Shop?

Customer selling jewelry to a Pawn Shop No one wants to have to sell their things for money if they don't have to. But sometimes circumstances arise that can put us in a dire financial situation. Bank loans can take days or even weeks to go through and you may not even qualify. So, what can you do? How do you get the emergency cash you need? The answer is a pawn shop. 30 million people each year visit a pawn shop in...

Gold Buyers

Pawn Shop: Gold Buyers in Manhattan, NY. Gold price is closing in on almost $2000 per ounce, and there's been no better time in history to cash in on these high values. People in the five boroughs have long trusted their local NYC pawn shop as a trustworthy place to sell their gold fast. If you've ever wondered, "is a pawn shop near me the best place to sell my gold?" then keep reading to learn why NYC pawn shops are...

6 Tips for Pawn Shop Loans in NY

Collateral Loan Vs. Signature Loan: 6 Tips for Pawn Shop Loans in NY   It's Friday afternoon, and your paycheck isn't ready. Frustrating, but ok -  except now you're scrambling for a quick loan to pay the plumber. Cold showers all weekend won't be fun. Where do you turn when you need cash for an emergency? For nearly 40 million Americans with limited or no banking options, the answer is to go to a pawn shop to take out a collateral loan. Let's look at six reasons why collateral...