Life happens. You have unanticipated medical bills, and the heater breaks down, you need a plumber, etc. However, your bank account is wanting. You need quick cash, and the process of getting a bank loan takes forever. If you are looking for a loan without credit, consider pawn shops like Cash Express in Philadelphia, PA.

Bad or No Credit? No Problem!

Getting a pawn loan is a quick way to get money. There is no credit check. How much you can get from a loan depends on the value of the item(s) you bring for consideration once the pawnbroker determines your property’s value and offers you a loan amount. By the way, there is wiggle room. Some pawnbrokers will listen to counteroffers.

What Should You Pawn?

Some pawn shops have a specialized focus, like Cash Express’ antique line. But we also have a general store. As you look around your valuables, there are specific things most pawn shops want. These include jewelry, collectibles, video game supplies, certified autographs, gemstones, designer goods, precious metals, home goods, electronics, collectible coins, and even cars, just to name a few. Having said that, remember, if you default on your pawn loan, the store can put it into their inventory, so you may not want to pawn that broach from old Aunt Aggie. Take into account sentimental attachments.

When you go to the pawn shop, there is one, if not more, expert appraisers who look things over. You probably have a number in mind in terms of the quick cash you need. The pawnbroker will make an offer that you can accept, decline, or try and haggle.

If you’re looking for a loan without credit, pawning your item is a great option. But, like any transaction, do a little research beforehand. See if you can find values online, for example, and check the store's rating with the Better Business Bureau.

Watch Out for Interest Rates

Because you getting an immediate payout on your loan, many brokers have high interest rates. On average, you may see 20-25% monthly (ouch!). Make sure you get the details from the store you choose. The sticker shock can be hefty.

Once you receive the loan, you will have a set amount of time in which to repay it. Many state laws dictate the limits on interest rates and the duration of the loan.

The Cash Express Difference

Cash Express is the premier pawn shop in Philadelphia, where you can get cash fast. Our specialty is high-end pieces, including jewelry, precious metals, and antiques. You will find friendly faces waiting for you at the counters who can explain more about the process.

If you wish, you can use our online contact form to find out if we are buying the types of items you wish to sell. You can also call our Philadelphia store at 215–922-1560 or email us at info@pawnphiladelphia.com. We look forward to giving you a helping hand when you most need it.

If you are looking for quick cash in Philadelphia, PA, have you considered pawning your items? It’s certainly faster than getting a loan at the bank. A pawn shop offers you a short-term loan based on the item’s value that you are pawning. If you pay that loan on time, you receive your item(s) back. If not, the pawn shop can sell the items. Should you not be worried about getting your property back, you can also sell it outright.

Factoid: Pawn shops have a history going back some 3,000 years. In some ways, they’re a mini-bank. There are over 12,000 pawn shops in the United States alone. In the shop, you can not only sell or get a loan on your item, but you can also go shopping!

Pawn Shop Advantages

Pawn shops, like Cash Express, have advantages you may not have considered. Do you have bad credit? No problem; pawn shops don’t care. And unlike other purchases, if you are late on paying off your loan, it doesn’t hit your credit rating. Then too, you get your money on the spot. Pawning is, indeed, a quick cash transaction that can provide immediate financial relief.

Disadvantages:

Pawn shops charge high-interest rates, which are regulated by the states. Plus, they do not give you the total value of your transaction. On average, it ranges from 20%-60%. So, if something is appraised at $1,000, your take is $250-$600. The money may tide you over, but the sooner you repay the loan, the better. Generally, a loan from a pawn shop lasts 90-130 days.

What to Choose?

At Cash Express, there are certain items on which you can get better loans. We are almost always looking for

• Bikes
• Electronics
• Gaming Equipment
• Gold and silver
• Jewelry
• Phones
• Power tools
• Registered firearms
• Sporting goods
• Watches

Good to excellent-condition items are the best choices. Also, consider what’s popular in collectors' items (like Beanie Babies).

Please take a moment and think about what you want to pawn for a loan. Can you live without it if you don’t pay back the loan on time?

What About Antiques?

Small antiques fare better than large items (there is only so much room on the showroom floor). Cash Express has special way of buying and selling techniques. Welcome to Ark Antiques! It is the best destination for pawning antiques and truly unique pieces. We’d love to see your items.

Cash Express Advantage

When you are considering getting quick cash in Philadelphia, PA, we are happy to help. Our professionals understand the choice of pawning an item can be stressful. It’s our job to walk you through the process with ease. You can use our online contact form to find out if your property is something we’re looking for right now (saves you a trip). You can also email us at info@pawnphiladephia.com, or call our office at 215-922-1560.