6/23/21 | 3 MIN READ

Is It A Good Idea To Get A Loan From The Pawn shop?

Well, the short answer is yes! It is a great idea to get a loan from the pawnshop.

Why? You ask.

Luckily for you I will break it down for you really clearly in this blog post. Right now I just need you to clear your mind of anything you have ever heard regarding pawn shop loans and start with a clean slate.

By the end of this blog I think you will agree. Getting a loan from the pawn shop is not only a good idea when you’re in need of cash - it’s easy, and it’s practical.

RIDDLE ME THIS

Would you rather walk into a bank, need a thousand pages of documents, proof of income, social security card, 100 pieces of mail to prove you live where you live, and sign here, initial here, sign here, initial here?

Or, would you like to walk into the pawn shop with an item of value, have one of our skilled pawnbrokers appraise it’s value, ask for your ID, hand you cash and be done with it?

I don’t know about you, but I would go with option number 2.

NO CREDIT REQUIRED

This is one of the best reasons to get a loan at the pawn shop. We don’t pull your credit! So, no hard inquiries on your credit report and your score doesn’t matter.

The majority of people pay off their loans and get the item back. They can either walk, or get another loan on the same item. It’s that simple! For the few that don’t pay off their loans in the allotted period of time, they lose the item and we resell it.

Pawn loans are non-recourse, which means the pawnshop will not go after you personally in any way if you default on the loan.

So, if you are in a tough spot financially and have less than perfect credit, a pawn shop loan is the way to go.

NO NEED TO APPLY

While banks would have you fill out page after page of applications, there is no application required at the pawn shop.

I can’t stand paperwork, so for this reason alone I am sold at getting a loan from the pawn shop.

On top of all the paperwork, it’s really the information that you are giving away to a stranger that bugs me. In a world full of people trying to jack everyone's identity, it doesn’t feel very good laying all of your information out there for everyone to see.

SUPPORTING SMALL BUSINESS

Everyone knows that the struggle is real when it comes to being a small business owner. Especially these days with such economic uncertainty looming over the heads of entrepreneurs.

When you get a loan from the pawn shop, you are helping support not only that business, but the community in which it operates. In order to help our communities thrive, we need to get away from the big banks and do business with places like the pawn shop.

Help us help our community, it’s easy, it’s beneficial to you, and you can feel good about doing your part.

SO, WHAT DO YOU HAVE?

Maybe some old coins, a firearm, some electronics? Clean those bad boys up and bring them into the shop. Let’s see what amount we can offer you on a loan, and walk out with cash, today!

No need to wait on a credit check, no excessive paper trail requiring you to catch a hand cramp signing your life away.

We can’t wait to do business with you!