You may have found a trustworthy pawn shop like PB Pawn and Jewelry in San Diego, CA to pawn things at when you need extra money. The store has always worked with you and is helpful to get you fast cash when you needed it. You currently have a pawn loan with them, but you experienced an unexpected emergency, and now you need another pawn loan. Can you?
PB Pawn and Jewelry understands the painful things that come up in life, and sometimes people don’t have enough savings to get through. They also know that in some situations, people don’t want to take a loan from family or friends. Pawning creates a viable option for many. It is an alternative financial solution.
Pawn shops will let you have more than one pawn loan, as long as you have collateral to cover the loan cost. You can also pawn the same thing twice, three times, or as many times as you need.
Bullion, gold, silver, gold coins, fine jewelry, musical instruments, high definition televisions, electronics, luxury handbags, and designer watches all have value and can be pawned. The pawn shop you are working with and the state you live in will help you understand the regulations around pawning.
There are Benefits to Pawning More than One Valuable
Pawn shops will work with their customers to help them get the money they need. The advantage is that some pawn shops will “bundle” your pawn loans if you have an existing pawn loan and add collateral to expand the loan.
Sometimes pawn shops offer a lower interest rate or start the loan contract over, giving you more time to redeem your property.
Sometimes to make ends meet, you think you have borrowed enough, and then find out you need to borrow more. That’s okay at PB Pawn and Jewelry. They will work with you.
There are Benefits to Pawning the Same Item Twice
Having a pawn broker is like having a lawyer, doctor, or investment agent. It’s all in the relationship. When you work with a pawn shop like PB Pawn and Jewelry, and have a specific pawnbroker you work with, they understand your situation. They can work with you to get you the funds you need.
Pawn shops love return customers. They know you are a loyal customer, and you know they are a reliable shop. As a loyal and return customer who has already made regular payments. Their pawn broker may offer discounts to loyal customers.
When you work with the same pawn broker at the same pawn shop, they will know the authentication of the time you are pawning again.
Because they already authenticated it, they will know what your item is and its worth. If the item you are trying to pawn again is a family heirloom, they will recognize it and know they worked with you before.
The value of the same item may be different when they make you an offer, because the market value of the item may have changed.
Your Payment History and Loyalty Say a Lot
Pawn shops don’t complete credit checks or check your credit ratings when they loan money. They aren’t like a bank where you have a bank account. They use the value of your collateral to secure the loan amount.
Because you are a return customer who has made consistent payments on the loan amount, they know you will retrieve your time. The chances you will have your loan request rejected are low.
Sentimental Value of the Item
When you pawn an item for the first time or a second, third, or fourth time, the pawn brokers at PB Pawn and Jewelry know that some collateral have sentimental value. They explain that when you sign the loan contract, you agree that if you don’t repay the long on time, the broker can sell it. Giving up something of sentimental value, like a family heirloom, would make your heart sink.
When you select the item you want to use for collateral, select an item with value, but one you know will be at risk should you default.
Pawn brokers will work with you if you have to make a late payment. The key is to make the payment.
Pawning versus Selling
Pawning and selling are two different things. The offer you get may be different if you are pawning an item compared to selling it. This is because the process and risk involved are a bit different. You have decided if you want to pawn your item or sell it, and this is often based on your own personal attachment to the item, and your commitment to paying payments.
When you pawn an item, there is interest, so know what it is before you agree to the short-term loan contract. The interest amount will adjust what you can borrow.
PB Pawn and Jewelry will always make you a fair offer.
PB Pawn and Jewelry
PB Pawn and Jewelry in San Diego, CA invites you to visit them and their 2nd and 3rd generation gemologists, goldsmiths, and diamond experts. They care for our clients and our community.
Unfortunately, there are times when money is tight, and you need cash right away. All their transactions are discreet and confidential. Whether you’re selling or pawning, they will make sure you get your cash right away.
If you’re looking to buy jewelry, you’ll probably strike a great deal at the shop.