What is a cash pawn? It’s the process of getting cash loans in exchange for items of value. Cash pawns provide ways for people to get quick cash when they need it without going the traditional bank loan route, draining their savings account, or maxing out their credit cards.
Keep reading to learn more about cash pawns and what you can expect when you head to the pawn shop.
How Much Money Can You Get with a Cash Pawn?
The amount of money you can expect from a cash pawn will depend on the items you bring in to the shop. The pawn shop will assess the items you bring, determine the value of them, and then give you a cash loan based on the value. Or, you can let the pawn shop know how much you would like to borrow, and they can tell you whether they can satisfy that request or make you a reasonable offer.
When it comes to the amount you can expect, there will be a wide range of loans available based on the value of the items you want to pawn. Of course, the amount of money you can access for a gold jewelry piece or Rolex watch will be higher than what you can expect from a Blu-ray movie or power drill.
Bringing in items of greater value like jewelry, newer flat-screen televisions and electronics, firearms, and musical instruments in good condition will give you the most money possible for your loan. At Howard’s Pawn & Jewelry, we accept a variety of items. If you need a significant amount of money for your pawn loan, the more items you can bring, the better.
How Does the Cash Pawn Loan Work?
When you bring your item or items to the pawn shop, you will typically be able to get a value assessment within minutes and walk away with cash-in-hand the same day. There are no credit checks involved or lengthy application processes; you’ll only need to present the pawn item, a signature, and your driver’s license. You will leave the items with the pawn shop and learn the conditions of the loan, which will typically be the amount of the loan and related fees due in thirty days. Or, there may be options where you can extend the loan’s due date by paying a monthly fee.
At Howard’s Pawn & Jewelry, our cash pawn process is super fast and straightforward. In most cases, you will be able to leave with the funds you need in less than ten minutes.
When Should You Consider a Cash Pawn?
If you need cash for any reason, a cash pawn can be an effective solution. Whether your credit score is lacking or you would prefer not to dip into your savings, a cash pawn can connect you with funds quickly and without hassle. Some of the reasons people take out pawn loans include:
One thing to keep in mind is that the reason you need the pawn loan doesn’t matter. You will never have to provide reasoning to the pawn shop, but you will be able to get the cash you need to meet your objectives.
Let Howard’s Pawn & Jewelry Set You Up with the Right Cash Pawn
If you are ready to try out a cash pawn for the first time, or you are looking for a pawn shop you can trust to meet your needs, reach out to the team at Howard’s Pawn & Jewelry in Macon, GA. Since 2001, we’ve been helping our valued customers get the pawn loans they need for life’s expenses. Connect with us online now, call 478–743-5727, or stop by our pawn shop today for your same-day cash pawn.