Have you ever wondered why Philly residents skip the bank and head to the pawnshop for ready money? Let’s face it. There are times when situations arise and you find yourself with empty pockets. Now’s the time to get cash and ask questions later. 

In the Philly area, Cash Express is the number one pawnbroker you can come to for assistance. We’re always on the lookout for gems, watches, antiques, and precious metals. Furniture? Yep. Jewelry? In good condition, that too. Even items considered “costume jewelry” can have surprising value.

Up for Sale?

Some of the items you wish to pawn aren’t necessarily those you want to sell outright. That’s where a pawn shop becomes a tremendous ally. You can skip the tedious bank lending process and head to the pawn store to discuss your item’s value. Once you arrive, we can give you a fair estimate based on current trends, the brand name, and overall condition. Trade your item(s) in for a loan. Cash first; Questions later!

Okay, we’re really not going to keep you from asking questions. In fact, we encourage them. A pawnshop loan is not a traditional form of financing. Let’s take a closer look at a bank loan vs. quick cash at a pawn shop.

Skip the Bank and Head to the Pawn Shop

When you go to a bank for a loan, you must sign mounds of paperwork and present pertinent documents. And, of course, there’s the dreaded credit check. If you have poor credit, the bank might deny you outright or hike your interest rate. You have to wait for their response. In the meantime, you still have pressing issues.

At the Cash Express store, you can get the loan you require on the spot, the same day! Worried about your credit? Don’t be. There are no credit checks. A bad credit score has nothing to do with your loan; it only concerns your ability to repay the money within an agreed-upon timeframe.

When a Philadelphia Pawnshop Makes Sense

There are specific situations ideally suited to getting a pawnshop loan.

• Lack of a bank. If you don’t have an established bank account, borrowing traditionally will be difficult (and often frustrating). You don’t face that barrier at a pawnshop.

• You only need a small amount. No one wants to go through the hassle of getting a bank loan for a few hundred dollars. It doesn’t make sense. 

• Fast cash: When you need money quickly, pawning an item can be an ideal solution. Just make sure it’s not something with sentimental value in case you don’t repay the loan on time. At that point, unless you ask for an extension, the item becomes the shop's property to sell or use as they please.

• Bad or no credit. Building a credit rating from the ground up takes time you may not have. This is when Philly residents skip the bank and head to the pawn shop for help.

Of course, if you have no use for the item, you can sell it at Cash Express outright.

Pawning is Nothing New

Pawnshops have a history spanning 3,000 years, which is a pretty respectable resume. The staff at our Chestnut Street, Philadelphia store takes great pride in our trade, focused on excellent customer satisfaction. Let us help you, too!

Give our office a call at 215-922-1560.

Alternatively, use our online contact form or email us at info@pawnphiladephia.com