Emergency situations are inevitable. A family member may be hospitalized or a child needs money for tuition and in these situations, one would need money and they would need it as soon as possible. There are lots of ways to get cash through loans but one of the easiest ways to obtain money fast would be to pawn items for immediate cash.
The concept of pawning dates back thousands of years ago in ancient civilizations. However, even with its long history, the concept of pawning today is still highly similar than that of the ancient times. Peasants or poor individuals would pawn valuable items in exchange of cash. The pawnbroker would then keep the item until the he is paid back with the agreed amount. Nowadays, most people would bring jewelries such as rings, bracelets and earrings to pawnbrokers. To get cash, one would bring an item to serve as collateral, the pawnbroker evaluates the value and makes an offer, and then you can get your cash. A time period will be set where the loan should be repaid, otherwise, the item can no longer be retrieved.
With its long history, pawning items is proven to be effective. And we in Metropolitan Pawnbrokers believe that pawning your items is the best way to get money fast. There are plenty of reasons why and here are some of them:
There are tons of brokers everywhere. Their shops can be seen in towns and cities. We in Metropolitan Pawnbrokers have two convenient locations at the Metropolitan New York Area. And with the great development of technology, you can now call pawn shops for inquiries and other transactions. Furthermore, with the advent of the Internet, these shops now have websites you can visit.
In case you cannot visit any of our two locations, you can rest for our Gold Kit Services where you can mail us the item. We offer shipping kits that will protect and secure your items.
Pawning your items in shops does not take long. You can go in and out of the shop in no time. There is not much necessary paper work. An employee will simply evaluate the value of your item and then you and the shop will discuss the terms of the agreement. Then, you will now have cash on your hand in approximately thirty minutes.
Variety of Items Accepted
Some pawn shops accept everything that can be transferred easily, can be displayed and can be sold such as gadgets, watches and other jewelleries. We in Metropolitan Pawnbrokers accept all kinds of jewelleries.
No credit check
As mentioned earlier, pawning is convenient because it is easy. Your credit history need not be evaluated when pawning items. The amount of cash you will get will solely depend on the value of the item you wish to give as collateral.
In case you cannot pay…
The greatest advantage of pawning is that in case you cannot pay back your loan, your item will be simply theirs which they can keep or sell and you will not be reported. The terms of our loan in Metropolitan Pawnbrokers is four months for 3% interest per month. If you were able to repay the loan and pay the interests and other fees in that period of time then you do not lose the ownership of your item and it will be returned to you.
Most pawn shops also accept extensions. If the person cannot repay the loan in the given period of time as agreed, he/she may apply for extension. With us, an extension can be given if the interest at the end of the period agreed upon.
In conclusion, pawning items has been around for centuries because it is an easy way to get cash because of its accessibility and convenience. It accepts a variety of items and there is no need for a lot of documents and no credit check. In case the loan is not repaid, the pawnbrokers would simply keep the item, however, extensions may also be negotiated.