Boca Pawn Shop
Boca pawn shops do more than you think. When most people think about a pawn shop they think about getting collateral loans. It’s place you can go to get quick cash for your valuables. However, your local pawn shop actually does much more than just collateral loans. Here are three things you might not know about the pawn business.
1. Pawn shops can also buy your items outright. Pawn stars on the History channel has taught most of us that you don’t always need to get a loan for your items. If you don’t need them anymore, most, if not all pawn shops will buy your items from you.
2. Pawn shops trade. Let’s say you have a Rolex watch that are you looking to sell. But you are also in the market for an Omega Speedmaster. Your local pawn shop has the watch you are looking to buy. Most pawn shops will let you trade for items they are selling. You might be able to trade your old and broken gold jewelry for a pair of diamond stud earrings. You never know!
3. Some pawn shops do Payday Advance loans. What’s a payday advance loan you ask? Well let’s say you have a job that pays bi-weekly and this paycheck is scheduled for October 10th. However, you’re rent is due no later than October 3rd. You know the check will be there on the 10th but you don’t have enough cash to cover the rent on the 3rd. You can get a payday loan to advance the money you are going to get from your paycheck. Also, payday loans don’t require any collateral and they often times have a smaller interest rate than a collateral loan. 10% is the maximum you can charge in Florida for a 30 day loan. Payday advance loans are often times a great alternative to your regular pawn loan and most pawn shops have a payday loan license.
As you can see Boca pawn shops do much more than you might realize. Check one out for yourself!
by, Seth Marcus at Boca Raton Pawn
Related articles
