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How Do Pawn Shops Make Money

November 29, 2022

Your local pawn shops make money by providing pawn loans, reselling belongings like jewelry, firearms, tools, and sometimes by offering auxiliary services, like money transfers. Earning interest on loans and profits on retail sales are the principal income sources for a pawn shop. Pawn shops typically aim to generate overall net profits of at least 15% to 25%.

 

Where Should I Sell My Engagement Ring?

November 18, 2022

Should I Sell My Engagement Ring and Jewelry to a Pawn Shop or a Jewelry Store? Do you have an engagement ring from an ex-partner and you’re not sure what to do with it? Maybe you have older jewelry that was gifted to you and it’s not really your style. Instead of letting your unwanted jewelry collect dust, you may be able to turn it into cash very quickly. But where is the best place to sell engagement rings, gold chains, and other valuable pieces? Your two main options are a pawn shop or a jewelry store. Keep reading for the pros and cons of selling your engagement ring and other jewelry to a pawn shop!

 

How to Pawn Your Firearm Properly & Safely

September 7, 2022

Pawn shops have to follow strict regulations at both the local and federal levels. Pawnbrokers are required by federal law to have a special license to buy and sell firearms. Before taking in your firearm you want to pawn or sell, make sure the shop you go to accepts them!

 

The Value of Owning & Selling Precious Metals

August 1, 2022

Precious metals can be found in many forms. Gold, silver and platinum are used extensively in jewelry and also in coins from all over the world, past and present.These metals are also efficient conductors of electricity and are used in many electronic applications ranging from computers to medical equipment. Even artwork and ornamentation is no stranger to precious metals. The scarcity of these metals makes them valuable, and this value has always increased over time relative to other commodities.

 

Everything You Need to Know About Pawn Loans

June 28, 2022

A pawn loan is a short-term, secure loan through your local pawn shop. Simply put, you can get quick cash in return for collateral. What you use for collateral is up to you and the pawn shop broker based on the needs of the shop or how valuable your item is. The most important thing is that you pay back the loan on time and with interest per the agreement with the pawnbroker.

 

Antiquing at a Pawn Shop - What To Know

June 14, 2022

Antiquing has become a popular pastime thanks to the new-found appreciation for older, well-loved items and reducing, reusing and recycling. If you are interested in antiquing, you might be wondering where to find your next great treasure. While flea markets and garage sales are a great way to start, don’t underestimate your local pawn shop!

 

Do Pawn Shops Keep My Personal Information on Record?

May 6, 2022

Interested in utilizing your local pawn shop but wondering if your personal information is safe? If you are considering taking out a pawn loan, selling your items, or simply interested in finding unique treasures, it's important to know if your personal information is safe just like with any business! You probably want to know how long Pawn Shops keep your personal information on file, or if they keep any information at all depending on the transaction.

 

The Benefits of Buying Firearms from a Pawn Shop

March 22, 2022

Are you looking to buy a new firearm like a handgun, rifle, or shotgun? Buying brand-new isn’t the only option! You can get a like-new gun from a reputable pawn shop and have peace of mind knowing you are buying a quality piece. Curious as to how you will know that? Here are the top benefits of buying a gun from your local pawn shop.

 

How Do Pawn Shop Loans Work?

March 16, 2022

Unlike banks, when you get a loan from a pawn shop, you don’t have to worry about your credit score or any past loan misconduct. Getting a loan from a pawn shop is much easier, quicker and painless!

 

How to Get the Best Price for Gold at a Pawn Shop

January 21, 2022

Do you have some gold jewelry you just don’t wear anymore? Maybe even gold jewelry that’s broken and you just don’t feel like repairing it. If this is the case for you, remember your local pawn shops! Pawn shops offer the best price for gold. As long as you do your research and approach the situation with confidence, you can get the best price for your gold jewelry at your local pawn shop. Keep reading to find out more!

 

The Best Christmas Gifts to Shop for this Holiday Season

December 14, 2021

Pawn shops are the perfect place to shop this holiday season for great gifts at affordable prices. In fact, your pawn shop will have some of the most popular gifts in stock!

 

3 Reasons to Visit a Pawn Shop this Holiday Season

November 22, 2021

It's the holiday season which means holiday gift shopping is on your mind. But finding the perfect gifts for loved ones shouldn’t mean breaking the bank. When you are making lists and checking them twice, keep in mind your local pawn shop! Pawn shops are a great place to not only find unique treasures, but you can also make quick cash to add to your holiday budget.

 

Do Pawn Loans Negatively Affect Your Credit Score?

October 19, 2021

If you’re considering pawning an item, you may be wondering what impact your pawn loan will have on your credit score. After all, it’s very important that you maintain a good credit score throughout your life. You may also be worried that a low credit score will impact the terms associated with your pawn loan.

 

How Do Pawn Shops Put a Value on Your Electronics?

September 22, 2021

Your local pawn shop will buy and pawn used electronics like computers, newer generation cell phones and other lightly-used electronics depending on their estimated value, working condition and the demand of the item. It’s important to note that electronics don’t typically hold their value over a certain period of time.

 

What Happens to Your Pawned Items?

September 22, 2021

When you pawn an item of value, you receive the cash right away and then you’ll have the chance to redeem your item when you pay the pawn loan back plus the interest rate. But what happens if you are unable to pay the pawn loan back? What will happen to your pawned item?

 

Benefits of Shopping for Jewelry at a Pawn Shop

July 22, 2021

Are you looking for jewelry at a reasonable price? Try shopping at your local pawn shop! There are several benefits of buying jewelry at a pawn shop that you may be overlooking. So before buying expensive jewelry from a big name brand store, consider some of the advantages of a pawn shop.

 

Common Items You Could Pawn or Sell

June 25, 2021

Pawn Shops are a great place to pawn or sell your old treasures for cash. If it works and is in good condition, consider contacting your local pawn shop. It might just be one of the easiest ways to earn money! Here is a list of a lot of the things you can pawn or sell, but this isn't all of it. If your item isn’t on this list, make sure to ask the pawn shop associate!

 

Interesting Benefits of Your Local Pawn Shop

May 21, 2021

If you can believe it, pawn shops have been around longer than brick and mortar businesses. The first ones were established for people to trade, sell goods and to borrow money. Their success has continued for many reasons! And, not just because they have their own TV shows. We’ve put together some of the benefits of visiting your local Panama City pawn shop.

 

Turn Spring Cleaning into Cash - with Alamo Pawn Shop

April 22, 2021

The season everyone dreads - spring cleaning. But what if you truly embodied “April showers brings May flowers” by turning spring cleaning into extra cash in your pocket? Facing the inevitable clutter of the past years collections can be a challenge. Let's turn clutter into cash by selling or pawning your spring bounty

 

What Is an FFL Transfer and Why Do I Need It?

April 2, 2021

Pawn shops are a great place for finding deals on electronics, jewelry, power tools, appliances, and even musical instruments. Many pawn shops also offer a variety of firearms like handguns and rifles for purchase. If you have your eye set on a firearm offered at a pawn shop, it’s important to understand what an FFL Transfer is.

 

Pawn Shops Vs. Online Marketplaces

February 18, 2021

With online marketplaces, there are always people on there looking for great deals. You likely can sell your items there, but again it takes some time and attention. Here are some pros and cons of working with a Pawn Shop instead of an online marketplace to sell your items and get cash fast!

 

History of the Pawn Symbol

February 3, 2021

When people see three gold balls suspended from a bar, they usually recognize the symbol and affiliate it with a pawn broker or pawn shop. While these elements have come to be a well-known symbol for pawn shops, the origins of the symbol are not completely clear.

 

3 Common Myths About Pawn Shops

December 29, 2020

When you think of the term ‘Pawn Shop’ what comes to mind? Unfortunately, there can be negative ideas about the business because of how they are portrayed in movies or the few bad apples that make the other honest pawn shops look bad. There are many myths about the pawnshop industry, however there are three we wanted you to consider the next time you’re considering working with a Pawn Shop.

 

Benefits of Pawn Loans

December 2, 2020

Are you low on cash? Or maybe you need a little help catching up on bills before your next paycheck? Luckily, your Panama City pawn shop offers pawn loans. Many banks and other institutions are offering other loan options, however turning to a pawn shop can be a much safer, faster, and easier alternative.