Tuesday, August 21, 2018

Are You Pawn Shopping The Right Way?

If you are in need of some quick cash, have an attic or basement full of items that are of significant value, you might consider heading to a pawnshop in Oceanside. You could walk away with money in your pocket, however, novices should learn the ins and outs of how these transactions work before they even enter the shop.

Pawnshops aren’t the shady, scary places they often appear to be in the media, and have been unjustly vilified, therefore,  people perceive pawnshops to be dirty and seedy. This is not the case with Gems N’ Loans. They have been in business for over 25 years and are here to serve your needs to the best of their capacity, in an honest way.

Pawnshops offer collateral-based loans — meaning the loan is secured by something of value. You take in something you own, and if the pawnbroker is interested, he will offer you a loan. The pawnbroker then keeps your item until you repay the loan. The loan amount will likely be a small fraction of the item’s actual value.

Return to pay the balance, including the loan amount plus all added fees, which are as low as 2% before the deadline, which is usually 1 to 4 months after the initial transaction.

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