When people need quick short terms loans, banks are out of the question, and payday loans are simply too expensive. One of the best avenues available for getting cash quickly when you need it is a jewelry pawn shop. This type of business caters to different types of people who want money for business or personal reasons. Since there are so many of these businesses around, there will be differences in the requirements and the kind of money you can get for your jewelry. Even the level of service you receive will not be the same at every store.
A jewelry pawn shop works on a simple principle of loaning people money based on the value of the item they use as collateral. Therefore, the higher the value of your jewelry, the more money you can get to borrow. These shops have no trouble assessing the value of these pieces. They usually have their own experts on hand who can make sure the items and any stones they contain are genuine. Many of them pay by the weight of the pieces, and will pay even higher rates if the weight goes over a certain amount.
In your search for the right pawnshop, Arizona EZ-Pawn is one of the names you may come across. Companies like this one tend to offer the best rates for jewelry. You can even sell broken pieces of jewelry that you might have been thinking of throwing away. Even though you should not expect retail value for your intact jewelry pieces, this does not mean that you will not get a fair price. Although pawnshops generally pay by weight, you can still get good money by selling or pawning your jewelry.
If you do not repay your loan within the agreed upon time, then the pawnshop has the right to hold on to the item that you used for collateral. You can be assured that they will not attempt to sell your jewelry before the date arrives. Sometimes it takes only minutes to get a loan from a pawnshop, so it is worthwhile to go this route if you need cash quickly.
