Don’t let misinformation keep you from getting fast cash from Gems & Jewelry Inc.
Loan & pawn shops provide an important and useful service, allowing people to secure fast cash to cover short term needs via a collateral loan or a sale. Unfortunately, there is a lot of misinformation out there about loan & pawn shops and many people wouldn’t even consider visiting one. In this blog, we’ll debunk some common myths about loan & pawn shops so that next time you find yourself in need of cash, you won’t be afraid to explore this option.
Pawn Shops Are Full of Stolen Goods
Many people imagine that pawn shops are a great place for thieves and burglars to get rid of stolen goods. While this may have been true years and years ago, now most cities and states have laws requiring pawn shops to keep detailed records of who brings in what item to sell or pawn. At Gems & Jewelry Inc., we require ID for all transactions and we also maintain records with item descriptions and serial numbers that law enforcement can use to search for stolen items. This means pawn shops are actually terrible places to try to sell stolen goods.
Pawn Shops Rip People Off
Another common myth about pawn shops is that they actually hurt more people than they help, due to unfair loan agreements. The truth is, pawn loans can be very helpful. State law actually restricts the amount of interest and fees that can be charged to a fair level. However, when considering a pawn loan you do need to be careful to read the terms of the agreement carefully and make sure you have a plan for repaying the loan if you want your item back.
There’s Nothing Worth Buying in a Pawn Shop
Sometimes people assume that pawn shops are all full of broken down old stuff at ridiculous prices. However, the fact of the matter is that many pawn shops actually have very nice merchandise and great prices. This is especially true of shops like Gems & Jewelry Inc., which specializes in jewelry. Retail stores mark up their jewelry significantly, so by shopping at a pawn shop you can actually get great deals on items that are the exact same quality or even better than what you’d find in a store.
Pawn Shops are Low Class
One final myth that needs debunking is the idea that you only find pawn shops in low-class areas. In reality, pawn shops have been becoming more and more popular with all classes of clientele. Many wealthy people have realized that pawn shops are an excellent source of short term cash because they don’t require any credit checks, income checks, or onerous loan requirements. At Gems & Jewelry Inc., we can accommodate all kinds of loans, from ones based on a simple piece of gold jewelry to ones based on ten-thousand-dollar diamond rings. In either case you can get cash fast.
Come visit us at Gems & Jewelry Inc. to learn more.
