How Pawn Shops Work

If you are looking for a simple way to get your hands on some extra cash, few options can be better, faster and easier than working with our pawn shop. We have several options to choose from to either get a great cash loan, get paid cash immediately or to save money when buying items. We’ve put together this simple introduction to how each of these methods work, and how you can benefit from them. If you have any questions, however, please don’t hesitate to come in and ask or call us at (201) 878-4507.

How a Pawn Shop Cash Loan Works

Pawn shop cash loans, which are often just referred to as pawning, allow people to get a great loan no matter what their credit looks like. You can bring in any item of value and we can use that as collateral to secure the loan. Here in our Jersey City pawn shop we pawn diamonds, pawn jewelry and even pawn silver and gold. Whatever it is you have, we can appraise it to see what it is worth and make you a cash loan based on that value.

You’ll then have a set amount of time to repay the loan and get your item back. If you can’t repay the loan, we may be able to give you an extension or we can sell the item to cover the loan. Either way, it will never show up on your credit report and you’ll never be turned down because we don’t even run a credit check.

Get Paid for Your Valuables

If you need money, but you aren’t interested in a loan, you can always just sell your valuables directly to us. We buy all sorts of things including gold, jewelry, silver, collectable coins and much more. Many people like to do a little ‘spring cleaning’ in their home, and then bring in the items they find to turn them into cash.

When you bring something into our shop, one of our skilled pawn professionals will evaluate its worth and make you an offer to purchase it. If you decide to sell your jewelry or other items, we just need you to complete a little paperwork and then we’ll pay you immediately. This is the fastest way to turn your old items into cash!

Save Money on Purchases

The last way we are able to help you save money in our NJ pawn shop is by offering to sell you high quality merchandize at a fraction of what it would cost buying it new. Things like jewelry, watches and more don’t need to be brand new to be beautiful. All the items in our shop are professionally cleaned and serviced to help ensure they are in great condition. So, whether you are buying something nice for yourself or you want to get a gift for a loved one, we can get you the best possible deals on a wide range of different items.