Five Advantages of Using a Pawn Shop
Pawn shops provide a unique and valuable service for individuals and businesses alike. With Sapphire Pawnbrokers, you can pawn your assets and receive cash on the same day by borrowing against jewellery, collectables and cars. Take a look at these5 Advantages of Pawn Shops to learn more:
1. Get cash fast
An unexpected bill or a sudden drop in income can catch anyone off guard. Pawn shops can be a lifesaver if you need cash fast. We provide quick cash loans, often within minutes, using your assets as collateral.
Sapphire Pawnbrokers understands that many people rely on pawnbrokers to gain quick access to cash, so we always go above and beyond to ensure you get the professional service you need.
2. There is no credit check required
A history of bad credit won’t prevent you from accessing cash quickly with pawn shops, unlike traditional lenders that require credit checks. You don’t have to worry about your low credit score putting you at a disadvantage if you’re looking to pawn your assets. There are no credit checks at pawnbrokers, which is why many people use them.
It is important to remember that numerous credit checks can negatively impact your credit report, even if you don’t obtain a loan. Multiple lenders running credit checks in a short period can put future lenders off. You shouldn’t let a short-term cash flow issue affect your future finances.
3. Approval process made easy
When you request a loan or a line of credit from a traditional bank or lending institution, it is more than just credit checks that can slow the process down or scupper your chances altogether. Typically, you’ll be asked to provide a vast amount of information, including property details, income, and expenditure. This can take significant time to collate, meaning you will receive your funds slowly.
Following this, you may need to provide ‘evidence’ of your financial arrangements, such as wage slips or bills. Once these have been submitted, it can take weeks for a traditional lender to process your application and approve or deny your request.
When you visit Sapphire Pawnbrokers, you’ll be amazed by the hassle-free approval process. Experienced pawnbrokers will assess the item(s) you want to pawn and offer you a loan on the spot. If you decide to proceed, we can release the funds immediately, so you won’t have to wait to get the cash you need.
4. You can get more for your items
Selling your valuables might seem viable when you need cash fast. Compared to using pawnbrokers to get a loan, selling items on the second-hand market has many disadvantages.
When you sell your items via marketplaces like eBay or Craigslist, you must find a buyer who is actively looking to purchase them. If you want to ensure a fast sale, you might have to let them go for less than they’re really worth. In addition, people often want to see or inspect ‘big ticket items’, like cars and motorbikes, before parting with their money.
Remember that if you’re considering selling your items on the second-hand market, you’ll often have to pay a commission or flat fee. It can be expensive to sell on online marketplaces, and if you have to send items to the buyer by post, you’ll also have to factor in postage and packing costs.
Likewise, once you sell an item to a buyer, you won’t be able to get it back.
You can avoid this hassle by visiting Sapphire Pawnbrokers and releasing the true value of your items. In addition, if you repay your pawnbroker’s loan according to the terms of your contract, you will get your items back.
5. No Long-term Commitment
A temporary cash flow problem often requires a short-term solution, but conventional loans can take years to repay. Sapphire Pawnbrokers may be able to provide you with cash without requiring a long-term commitment.
Our loan term is six months, but you can pay off the loan at any time during the six months after paying the capital and only the interest owing. You can then receive the items (pledge) immediately.
Is a Loan from Sapphire Pawnbrokers Right for You?
Bad credit makes it difficult to get cash quickly. When your funds are tied up in assets, Sapphire Pawnbrokers can release their value and provide instant cash loans. In addition to being easy to apply for, pawnbroking loans do not require credit checks, lengthy application processes, or time-consuming valuations.
Do you want to pawn your jewellery and valuables? Sapphire Pawnbrokers has over 30 years of industry experience.
If you’d like to discuss an item you are considering pawning, give us a call at 0161 273 3227.
Alternatively, contact our team and arrange an appointment at our Manchester branch.
Did you know you can sell your unwanted gold to Sapphire Pawnbrokers?
To find out more, visit or book an appointment via our online booking form