Some facts about Pawn Shops to
keep in mind:
What does a pawn store do? The core of a pawn store’s business is
making collateral loans. Reliable Pawn
Shop offer loans, secured by something of value. Reliable Pawn Shop may
have other business elements such as retail sales. However, Simi
Valley Pawn Shops focus on lending money.
2. How does a pawn loan work? Customers bring in an item of value, and
the Simi
Valley Pawn Shop offers a loan based on a percentage of the item’s
estimated value. The pawnbroker then keeps the item until the customer repays
the loan with interest and any additional fees that may apply. Pawn stores are
regulated on a federal, state and local level.
3. How much money can I get for my item? On average, customers receive only a
portion of the item’s retail value. Remember, the pawnbroker is loaning money
on the item, not buying it. The Pawn
Shop in Simi Valley must consider the cost of storage, security and future
demand for the item, along with the resale value if the loan is not repaid. The
average loan amount nationally is $150. However, loans can be made for any
amount, depending on the value of the pawned item.
Pawn Shops
are a great place to buy jewelry. They don't charge the mark-up that retail
jewelry stores charge. When you come to Reliable Pawn, you may find jewelry
prices at up to 50% off of retail. This includes name brand products and high
end watches! Additionally,
Reliable Pawn offers a service that will unlock phones. Simply bring in your locked phone, and for a small
fee, this Simi Valley Pawn Shop can 'unlock' the device to work
with any carrier, PERMANENTLY! Plus, Reliable Pawn in Simi Valley is now
selling unlocked phones, so you have more options when buying.
For those whose credit is less
than perfect, or who need instant money without all the paperwork that goes
with getting a bank loan or a credit card, pawning valuable items is one way to
get money fast. Plus, you don’t have to worry about a credit check. Nor do
you have to have a bank account.
Reliable
Pawn in Simi Valley will buy your valuables or if you
only need a short term loan, this Simi
Valley Pawn Shop will offer you a loan, using your
valuables as collateral. At Reliable
Pawn Shop in Simi Valley, you will find some of the lowest
prices in the city for musical instruments, jewelry, and hard to find items.
If you've found yourself needing some quick cash
recently, you may have considered heading to a pawnshop. You're not alone. The bad
economy has prompted many people to visit a pawnshop for the first time.
Remember, Reliable Pawn in Simi Valley offers
collateral-based loans -- meaning the loan is secured by something of value. Visit Reliable Pawn in Simi Valley or contact
them at (805) 522-5533
