There are many reasons you might need fast cash, and many of them are outside of your control. Perhaps balancing your monthly budget depended on a big payment from a client who wrote you a bad check. Or maybe you’re a freelancer, and contract work has been hard to come by these past few weeks. Whatever the reason you need fast cash, Pawn USA can give it to you. Best of all, you can pawn an item and get a loan with no risk to your credit score. Here’s how it works.
Select your item to pawn or sell
See our previous post for some advice about what items around your house might bring you the most value. If the item isn’t particularly meaningful to you, we recommend just selling it. We’ll go into the benefits of selling over pawning next.
But if you’d rather not lose the item, you can pawn it. We’ll give you a cash loan for the item’s value, and then keep the item as collateral. You’ll have a set time period in which you must pay back that amount, plus fees. If you can’t pay back the loan, there’s no risk to your credit score.
Pawn or sell
When you pay back a loan for a pawned item, you pay fees. So, if you aren’t particularly attached to the item, we recommend just selling it!
If you choose to pawn your item, we’ll work with you to establish a payment schedule. You’ll need to inquire with one of our store managers for details on how specific payment plans work, but expect to make regular minimum payments for a set amount of time. If you’re able to pay off your item sooner, you’re more than welcome to do so!
There are countless circumstances that lead to needing immediate cash in your pocket, but that’s what we’re here for! Contact us or stop by any of our six locations to discuss your options.