Covering Your Rent with a Pawn Loan

Pawn Gold to Pay RentAre you having a hard time making rent this month and need a short-term loan? It can be quite difficult to get a bank loan in today’s economy, especially if you have a low credit score or recent bankruptcy. Whatever you do, don’t lose hope as you navigate through your financial woes.

To make ends meet you may want to take on a second job, look for a more lucrative career, or consider taking pawn loans. This popular, non-traditional loan will see you use a possession as collateral in an effort to gain instant cash when financially strained.

Common Items Pawned

  • Jewelry. One can easily pawn gold and other precious metals such as silver and platinum in today’s economy.
  • Diamonds. Pawn diamonds for top dollar at high-end pawn shops.
  • Watches. Top quality watches such as Rolex, Tag Heuer, and other prestigious brands are ideal for gaining much needed cash.
  • Estate pieces, antiques, and art. Rare family heirlooms can be quite valuable. When pawning, it is important to fully research their worth to gain the most equitable loan.
  • Electronics. Items such as flat panel TVs, computers, iPads, and iPhones can provide some cash. They aren’t as valuable as precious metals or diamonds, but they can help make ends meet.
  • Cars. An auto pawn can help you raise a substantial amount of cash. To obtain one, you must own the car outright and be able to provide proof of ownership.

The Definition of a Pawn Loan

A pawn loan allows for you to gain cash while using a valuable item as collateral. Unlike a traditional loan in which a lending institution decides to grant a loan based on faith and one’s credit score, if one cannot repay a pawn loan, the item becomes the property of the pawnbroker. Each month you are required to make a minimum payment by a specific day. In the case that a payment isn’t met, fees and increased interest rates are applied to the loan. The sooner you pay off the loan, the less interest you will pay.

If you have found yourself short on cash for rent, this may be a perfect option for you and your family. It is important to find a lender that you trust and know exactly to what terms you are agreeing.

Find a highly regarded pawnshop Orange County as you work through your financial struggles. It may truly help you find your footing!

Posted in Loan Options at November 1st, 2011. No Comments.

The Wall Street Journal Reports on Why Pawnshops Are Thriving

Why Pawn Shops are PopularThis week the Wall Street Journal shares that pawn shops are providing value to consumers throughout the United States. The report points to the fact that banks are failing consumers because of their unwillingness to lend to everyday men and women. The article states that “borrowers on the fringes of the financial system are gravitating to these companies because they offer short-term loans” instantly to help individuals and families get back on their feet.

Additionally, on Wall Street stock shares of nationwide pawn chains have jumped to record highs in recent weeks. Experts agree that it is possible that shares will continue to rise in the coming months and years. Additionally, it is expected that the number of pawnshops throughout the country will rise exponentially in the coming years.

Top Reasons for Gaining Pawn Loans

The article points out that people normally utilize pawn shops when they are short on rent, need extra funds to cover monthly expenses, and for unexpected emergencies. The reporter also reveals that pawn loans on electronics, jewelry, gold and other items are only beneficial when they are paid off in a timely manner.

Fees and Interest Rates

Because pawn loans are intended for short-term use, the reporter noted that pawn loan fees and interest rates can be quite high. The borrower is made aware of this when the loan agreement is drawn up. While rates can be quite high, the industry is becoming more and more competitive each day. This is why one should carefully choose Orange County pawnshops offering high quality service and affordable rates.

Selling Valuable to Pawn Shops

Not covered in the Wall Street article is the option to sell jewelry, gold, silver, diamonds, art pieces, antiques and electronics to high end pawn shops. This is another way to generate instant cash for financial emergencies. It is recommended that prior to selling a precious item to a pawnshop, one should take time to carefully research its worth and shop around for a pawnbroker with a powerful network of resellers.

To read the full Wall Street Journal article surrounding pawnshops go to: http://online.wsj.com/article/SB10001424052970203658804576639431624988572.html

Posted in Pawn Shop at October 25th, 2011. No Comments.

Jewelry Pawn Shop

Looking for a Jewelry Pawn Shop in Orange County?

Borrow $1,000’s of dollars in cash from our jewelry pawn shop in Huntington Beach.  We will buy or loan on gold, silver, jewelry, diamonds, Rolex watches, Cartier, rings, art, cars, or almost anything of value. We also make loans on Rolex watches. We have an expert in-house Rolex watch manager that can quickly appraise your Rolex watch and give you a Rolex loan in less than 10 minutes. We are one of Orange County’s most acclaimed used Rolex watch store so we now up to date market values.

Call us today for a free evaluation on your gold jewelry at the jewelry pawn experts in Huntington Beach.  Just call us at 714-465-4950.

Posted in Loan Options at April 28th, 2010. Comments Off on Jewelry Pawn Shop.