Questions and Answers About Visiting A Pawn Shop That Pays Cash For Gold In Downers Grove

by | Feb 3, 2017 | Jewelry

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Individuals who have unwanted gold jewelry or other gold items may want to consider selling them for cash. The process is simple, a credit check isn’t necessary, and individuals can get the money they need immediately. Read the questions and answers below to learn more information about visiting a cash for gold Downers Grove area pawn shop.

Does the gold jewelry that an individual sells at a pawn shop have to be in excellent condition?

A pawn shop dealer will take all types of gold jewelry regardless of its condition. Many individuals bring in gold jewelry that’s broken, tangled or missing stones. These types of pieces are all acceptable when selling gold jewelry at a pawn shop.

How much money can an individual expect to get when they sell their gold items at a pawn shop?

The amount of money that each individual makes when selling their gold jewelry at a pawn shop depends on various factors. Jewelry that is pure gold and that is marked 24 karat gold is worth more money than pieces that contain a lesser amount of gold, such as 18 karat or 14 karat gold. Another factor that determines the amount of money that’s paid for each piece of jewelry is the current gold prices. Cash for gold Downers Grove area pawn shop dealer will go by the current market price when purchasing gold jewelry from individuals.

Does a pawn shop require individuals to have good credit or a paycheck stub before they can get a loan?

One of the reasons why many people visit a pawn shop for a loan is because a pawn shop doesn’t require individuals to show proof of wages and they don’t run any type of credit check. If individuals are unable to repay their loan in the specified amount of time, the pawn shop dealer keeps their collateral, which is used to pay off the loan. Since the pawn shop dealer keeps the collateral in their shop as a loan repayment if necessary, there’s no need for a credit check or a payment stub.

Individuals who live in and around the Downers Grove area can stop by RJ Jewelry & Loan Company and sell their gold items for immediate payment. Other items that can be sold at a pawn shop for quick cash include electronics, collectibles, cameras, and tools.

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