Creditor Lawsuits. Debt Settlement. Debt Collection Tactics. Managing Credit Card Debt. Chapter 13 Bankruptcy. Credit Repair. Nolo's Credit Repair Bundle. Related Products More. View More. Get Professional Help. It sounds like it may be able to sell for a good amount of money. Do you have any tips for choosing a reputable pawn shop in my area?
It was really helpful when you said that one of the benefits of pawning is that the person can actually retrieve the item they have pawned as long as they pay the loan back. But I have heard that there is only a specific time for this and that afterward, I can no longer get the item back.
Perhaps, I need to do more research on this before trying it out. After all, I am planning to pawn a very important family heirloom. It was really nice when you said that pawn shops do not look at the credit history if I ever transact with them and that the only thing that is important for them is the value of the item that I intend to pawn.
Surely my friend will be thrilled to hear about this because he has a rather unpleasant credit score. Actually, the reason why he plans on selling a few pieces of jewelry was to pay off some of his credit debt. I liked what you said about pawning not affecting your credit score. My friend is looking for a way to get some money, but knows that a loan from the bank will be really difficult for her to pay back regularly, which will hurt her in the long run.
I think that this might be a better option for her instead. I am glad that you talked about how people can still get valuable items back such as jewelry from pawn shops as long as they pay the loan. My cousins are currently having some trouble covering all his medical bills after a car crash. I know they have a lot of antique firearms lying around that they father used to collect.
Pawling the lot of them can really help them out, and they can always get them back should the money for it comes up. Pawning is a quick process as you say is really true if I decide to get a pawn shop loans. That is nice to know that if I were to pawn something with sentimental value, I could still get it back. Maybe it would be good to pawn some of my gold valuables to get a little extra money. Selling it to a pawn shop would be nice in case I was to regret my decision. I like how you mentioned the most common items that pawn stores accept include valuable gems like diamonds, genuine jewelry, and luxury watches.
I have inherited some jewelry from my grandmother in her passing and was wondering what to do with it. Thanks for mentioning that pawning jewelry is a quick process.
My husband and I are trying to save up for a new car since our morning commute is hectic with only one. I have a lot of old jewelry that I never wear and have no attachment to. By Gail Kellner May 10, More From Your Money. Top Offers from our Best Banks of Check out the best accounts to help you save money and reach your financial goals! View Offers. Check Out Our Free Newsletters! Subscribe Now. About the Author Gail Kellner. Gail Kellner is a freelance writer specializing in personal finance and investing.
She has written for Bankrate, Retireable, MoneyGeek, and a host of other small business websites. She is located on the east coast, in Massachusetts where she lives with her sons and her husband. In Case You Missed It. By Kathy Evans. Driving for Uber Eats is among the most common side gigs for those looking to supplement their income.
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