Sports Memorabilia-With estimated annual sales of around $1.5 billion (yes, with a “b”), it’s safe to say that sports memorabilia has come a long way since the days of children trading baseball cards. If you’re considering cashing in on your piece of sports history, by either pawning or selling, here are a couple of tips on hitting a home run at the pawn shop. (more…)
Better Than Payday Loans-If you’re in the market for a short term cash loan and are thinking about using a payday lender, we have a question for you: Have you considered a pawn loan? If not, you’re missing out on what could be a safer, more cost-effective option. Here are four reasons why pawning is the smarter choice. (more…)
Do Pawn Shops Accept Broken Items-At Common Exchange, we find that our clients are full of great questions. This week, we were asked whether pawn shops will accept items that are broken. The short answer is, yes, pawn brokers will accept some items in, shall we say, less than perfect condition. The larger question, however, is why would a pawn shop buy or loan money on a broken item. Here’s the answer: (more…)
Now that you’re familiar with five important must do’s when doing business with a pawn broker (if you missed it, check them out here), it’s time to share a few don’ts, as well. So here are a few things to avoid next time you’re considering buying, selling, or securing a loan at your local pawn shop.
At Common Exchange, we love fielding our clients’ questions regarding the inner-workings of the pawn industry. One of them, which we hear quite often, has do to with the difference in pawn offers from shop to shop. Since the answer is a bit involved, we thought it deserved a data-driven blog post of its very own. Here goes:
Getting a collateral, or pawn, loan couldn’t be simpler…all you need is a valid form of identification and an item of value. But we’d like to make it even easier with a list of major Do’s to consider before heading down to the pawn shop.
When most people are thinking of items that can be pawned, their minds often gravitate towards things like precious metals, electronics, and fine jewelry. However, they may be overlooking something that they use just about everyday. No, we’re not taking about the TV remote control; we’re referring to their automobiles.
Pawn shop clients are an extremely diverse group, coming from just about every walk of life. While we love all of our customers, some of them can be particularly hard to forget...
Pawn shops have traditionally served their communities by offering quick, no-hassle loans to their customers, even for small dollar amounts. But lately, pawn brokers who cater to jet setting clients from around the globe have become big news. Unquestionably, one of the biggest names in pawn for the ultra-wealthy is Borro; it’s been featured in outlets including The Financial Times, The Wall Street Journal, and CNN News, and has lent nearly $300,000,000 since its inception in 2011.
Smartphones have become an integral part of modern life, but this convenience doesn’t come cheaply. That’s why savvy consumers want to get maximum value for their used device before purchasing a new one. Using your phone as collateral or trade at a pawn shop is a great way to do this. So how can you get top value for your used iPhone or Galaxy? Here are some tips to consider: