Pawning may be an old industry, but the use of pawnbrokers continues to rise. Why? Because there’s a lot more going on inside of them than the sale of rings and watches (although those are certainly welcome services to those who need them). Some of the reasons for the growing use of pawners:
- Quick and easy access to cash
- Local alternative for repair services
- A way to secure jewelry, electronics and other goods
- Wide variety of valuable items
- Preservation of anonymity
The internet has made it easier for pawnbrokers to access new shoppers and expand their customer base. Meanwhile, modern shoppers are more savvy and flexible than ever as they look for new ways to secure loans, make sales of their own, and discover great deals on coveted, hard-to-find items.
Quick Access to Cash Loans for Chicagoans
No one expects an emergency, but sometimes life throws you a curveball. And when it does, pawn shops are a convenient, neighborhood way to secure funds on a moment’s notice when there aren’t other options.
Medill Reports describes the basic loan process of pawnbrokers this way: “Pawnshops are primarily financial services that give out cash loans in exchange for physical collateral, often electronics or jewelry. The borrower can then pay back the loan plus interest to get their item back. Or, if the loan is never repaid, the pawnbroker can sell the item in a storefront to recoup losses.”
The loan amount people can secure this way tends to be fairly small, enough to help cover an unexpected bill. It requires minimal documentation and no credit check, which is why so many people use the service.
A Simple Way to Buy & Sell Electronics, Jewelry & Other Goods
Do you have a couple cool rings you’ve been thinking of selling? How about that antique watch that you never wear – but you know someone else would love it? The great thing about a quality pawnbroker is the simplicity of the deal. No red tape or intrusive questions. As long as you work with someone who is knowledgeable regarding their merchandise and provides good customer service, you can find quality computer equipment, smartphones and other valuable electronics for much less than you would at a traditional store.
Wide Range of Repairs, Purchases and Specialty Items
There’s a reason thrift stores are more popular than ever. Young people, in particular, appreciate the value of high-quality, second-hand goods. And pawn shops are the perfect site for discovering antiques and specialty items you can’t get anywhere else.
Keep in mind: not all pawn shops are equal, so it pays to take your time and shop around. For example, an established business like Fullerton Pawners comes with a full stock of unique and valuable goods, as well as a long track record as a trusted neighborhood lender.
At Fullerton, our customers are often surprised by the diversity of services we offer, including:
- Instant Cash Loans
- Estate Purchases
- Jewelry Repairs
- Antique Specialists
- Computer Repairs
- Free Loan Appraisals
- Loose Diamond Sales
- Diamond sales
- Watch Repairs
- Wholesale Jewelry Sales
- Cash Purchases
That said, there’s a reason not every pawn shop has a stellar reputation. One telltale sign you’re dealing with an untrustworthy broker is feeling pressured into a loan or other financial agreement. You should be allowed to browse the goods available, ask questions, and get information on the terms of any loan you are considering.
Contact Trusted, Full-Service Pawnbroker at Fullerton in Chicago
For access to any of the above services – and a broad selection of merchandise ranging from unique coins and jewelry to antiques and electronics – Fullerton Pawners is here for you. We have a reputation as a respected, family-owned Chicago business that provides quality and secure pawn and loan services. Our team is prepared to answer all of your questions about how we purchase goods and the process for exchanging items for a temporary loan.
Contact us online, or call us at 773-637-9999 for more information on what we can do for you today!