Can I Trust a Pawnbroker?

If you’re in need of some money quickly, pawnbroking is a popular and trusted form of borrowing. If you’re thinking about going to a pawnbroker for a quick and easy loan, but have previously heard some bad publicity regarding them, here are a few things you should consider beforehand.

Will they accept my goods?

It’s likely they will, although we’d advise doing some research to find out if your chosen pawnbroker accepts the items you’d like to pawn. Try giving the pawnbrokers a call beforehand to save yourself from making the journey. It’s important to remember that it is difficult for pawnbrokers to give an evaluation or quote over the phone without actually seeing the item.

How much will I get for my goods?

The loan you are offered is determined on the value of your goods. You can see how much your item is worth by visiting the pawnbroker prior, where they will be able to estimate how much money you can borrow. You should consider how old your item is and whether it is in good condition. Why not take a look on sites like eBay to see how much similar items sell for? Reputable pawnbrokers, like Cuttings, give an accurate and trustworthy valuation.

Is my item in a good condition?

If you’re pawning vintage jewellery or a classic watch, the pawnbroker will expect to see some wear and tear. However, you can increase your chances of getting a great loan price by giving your item a thorough clean to the manufacturer’s references. If you’re pawning gold for example, it’s vital that you don’t use harsh chemical based products.

How much will the loan cost me?

Pawnbroking loans do not come free, and it’s vital that you estimate the cost of your loan beforehand. You’ll need to ensure you can pay it back, interest included, and you will want to see how much interest rate you will need to pay. Cuttings the Pawnbroker offer a competitive interest rate on the amount of time you have had the loan out only.

Will I need proof?

If you are going to go ahead and pawn your items, you’ll need proof of age and address. Without this, you won’t be able to secure the loan.

There are certain things you can look for to ensure a pawnbroking service is trustworthy and reputable; can they value your item correctly, do they lend against certain goods, do they offer a good payback rate, do you need proof and can they provide customer testimonials?

Here at Cuttings, the answer is yes. We can offer all of the above and more, and would love to work with you to get you the loan you need. For more information, get a quick quote via our online form or get in touch by giving us a call on 01843 584550.