It’s not just about diamond jewelry and Rolex watches. While you can get top dollar at a pawn shop for jewelry and high-end watches there are many different things you can use to take out a pawn loan.
Many people have used their valuable collateral to take out a pawn loan to help them through a financial emergency. A pawnbroker will not check your credit history or employment status, so no matter who you are or what your financial background looks like, if you have something of value, a pawnbroker can help you.
If you are experiencing a temporary financial hardship and need help, here are a few things in addition to gold and jewelry you can bring to a pawn shop to get the cash you are looking for.
Vintage and Luxury Handbags – The luxury handbag market has exploded in the last decade, and it should be no surprise that pawn shops are now a great place to pawn, sell and buy these items. Most pawnbrokers are eager to deal in these items, since they are in demand and retain value over time.
Tools – Many contractors and construction workers find that a pawn shop is a great place to store tools in the off season. That means your local pawnbroker is very willing to lend on tools. She knows she will easily be able to resell them if you don’t pay back your loan.
Sports Equipment – Sports equipment can be very expensive. If you’re an avid snowboarder or biker, your gear will get a you a good sized loan at a pawn shop.
Fine Art – Art can be a bit tricky, because it is so subjective and while one pawnbroker may be excited about your piece, another pawnbroker may turn you away. However, there are some artists that always sell so if you have something by a very popular artist it’s worth taking to the pawnshop to get a quote.
Musical Instruments – Musical instruments are always popular with pawnbrokers. If, say, you have a guitar or saxophone sitting around the house, you can bring your instrument in for a pawn loan.
Electronics – Make sure they are in good working order. You should also bring in any chargers or other accessories to get the best pawn loan. A pawnbroker will take a variety of electronics including MP3 players, tablets, laptops, game systems and Blu Ray players.