Pawn shops are located all over the country and allow people to buy, sell, or trade a plethora of items. Jewelry, electronics, musical instruments, collectibles, and unique art are just a few examples of items accepted by and found at pawn shops. Many people do not realize that pawn shops also offer services. Those who watch reality television shows that feature pawn shops are discovering that a trip to local shop is interesting and well worth the time.
Many pawn shops have been operating for decades. One Pawn Shop in Chicago, Clark Pawners & Jewelers, has been at the same location for forty-six years. Experienced shops offer a few different services. In addition to buying, selling, and trading items, some offer cash loans to customers. This is helpful to people who will not qualify for a traditional bank loan or need cash immediately. There are no credit checks for these loans.
Customers simply bring in an item of value and borrow an amount equal to what the item is worth. When the loan is paid off, the item is returned. If the loan is not paid off, the shop keeps the item to recoup the loss. Some people prefer to take out loans this way because defaulting does not affect credit ratings. Keep in mind that defaulting may affect the willingness of the shop to approve another loan in the future.
Jewelry Cleaning and Repair
Another service offered in most shops is cleaning and repairing of jewelry. Battery replacement is available as well. Whether you frequent a Pawn Shop in Chicago or one in Virginia, chances are the watch battery needed can be found. Buying old jewelry is also a practice in most shops. Gold, silver, platinum, and gems are appraised and purchased at fair market prices. That jewelry box filled with tangled necklaces or watches that are never worn can be transformed into extra cash.
Compare Practices and Services
Not all items are accepted at all pawn shops. The type and number of services will differ as well. The convenience of finding a one-stop pawn shop is well worth the time, research, and effort it takes to seek out that shop. The efforts will also save time and money in future dealings with the pawn shop.