Pawn Shops in Salt Lake City – What You Need to Know

 

Almost anybody can have financial emergency at some time or the other. Suddenly, you may have an unforeseen expense like medical treatment, payment of school fees or paying installment for the mortgage. You will need money at a very short notice and your bankers can’t provide you the much needed cash at short notices. Under such circumstances, you may find it worthwhile to approach a few pawn shops in salt lake city and borrow money to tide over your immediate financial crisis.

In case you have not had experience of dealing with pawn shops or pawnbrokers, you would do well to familiarize with the working of this business before approaching one for borrowing funds.

What’s meant by pawn shop?

It’s a business wherein the pawn shop owner provides loans for short term against some security. Some such shops also allow you to buy or sell used or new items.

What’s the difference between a loan offered by pawn shop and payday loan?

Payday loan is a short term loan and available only to those with a proof of regular job and hence pay. If you fail to return the loan availed by a pawn shop, you simply lose claim of your item. There is no additional fee charged.

What’s the system of operating a pawn shop?  

It is very simple. You call upon a pawn shop with some item which you can offer as collateral to the pawn shop owner, who assesses its value and offers loans you cash. Generally, you get about fifty percent of the assessed worth of the offered collateral as loan. Usually, the period of loan is ninety days, though it can be extended on paying additional fees. After you return the borrowed amount and pay the chargeable fees, your collateral is given back to you. On receiving a loan, you are given a pawn ticket which has the terms of loan in writing. The information to be provided on the ticket is defined by state or local laws.

What’s the maximum amount of money offered as loan?

This varies with the slc pawn shop you may opt to patronize and what you are offering as collateral. The loan can be as small as less than a hundred dollars and may go up to thousands of dollars. It largely varies with what you offer as collateral and the deal you negotiate.

What if I fail to return the loan?

In such an eventuality, the pawn shop simply retains your collateral.

What items can one offer as collateral for availing loan from a pawn shop?

You can procure loan against almost any item. Just remember that the pawn shop owner should be able to sell it in the event of your failing to return the borrowed amount. Of course, pawn shop owners use their discretion. Usually, they prefer small and costly items. Some examples would be coins, household electronic gadgets, cell phones, weapons and jewelry. Some may accept bigger items such as cars, motorcycles and boats.

Are pawn shops legal?

Yes, this is a legal business. However different states have different rules regards their operation and the type of services they provide to general public. It will be in your own interest as a consumer to deal only with licensed pawn shops.

There are quite a few federal rules and regulations applicable to pawn shops in salt lake city owners, pawn shop brokers and also consumers. The basic purpose of framing such laws is to check money laundering and restrict the rates of interest and fees chargeable from military personnel and to know the terms of credit.

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Pawn Shops Buy All Brands Of Laptops

If you have a laptop you want to sell then the first thing you should do is find out about the best pawn shop in Columbus. If you are based in Columbus then you will have no trouble finding the right places in the city. Pawn shops will give you amazing prices for electronics such as laptops. You can sell your laptop at a leading pawn shop and then use the cash to either buy a new one or for any other purpose as well. If you need cash urgently for any expense of yours then you should take all your unused electronic goods and other unused things at home like gold jewellery and then sell them at a leading pawn broker. You can sell laptops at pawn shops very easily. You will not have to product a copy bill or anything like you would have to do at other shops and retail centres. You simply have to carry your laptop to the pawn shop, they will estimate the value and after a bit of negotiation you can get the price you want.

 

Why check credentials of the pawn shop

 

Many people sell things at pawn shops and they have no problem with the prices they avail. Pawn shops are booming because people find it convenient to sell their old and unwanted commodities for a good price. You can avail a very good price for your laptops in Columbus at a leading pawn shop.Yawn shops are licensed and they are certified as well. As far as you are concerned, you are the customer and you should check the reputation and the credentials of any service you are hiring or any company, you are buying any product for. The same goes to say for pawn shop and you should make it a point to check the credentials of the place.

 

PAWN SHOPS IN SALT LAKE CITY

pawn-shopsA pawn shop is a store in which shoppers can find imposing deals for quality products. Individuals wanting money can sell their belongings to pawn shops as indemnity for small loan. Pawn shops loan these individuals a percentage of the value of their belongings and sell the items for considerably more than the price they paid for it if they are not paid back. Therefore,pawn shops are one way to borrow money.

Some of the top pawn shops in salt lake city:

Crown Jewelers and Pawncrown-logo
Contact: 130 E 3300 S
Salt Lake City, UT 84115
(801) 467-1115
Brands: Mastercard
Other Link: http://www.pawnutah.com

Big Dog Pawn
Contact:  9361 Redwood Rd
West Jordan UT 84088
(801)316-3367
Business Hours: Mon-Sun 9:00 am-9:00 pm
Payment Method: Amex, Discover, Master card, Visa
Location: Redwood road just south of 90th south

Bargain Pawngold silver pawn shop
Contact: 1001 N State St
Orem, UT 84057
(801) 851-1431
Business Hours: Mon 10:00 am-5:00 pm
Tue-Fri 10:00 am-7:00 pm
Sat 10:00 am-5:00 pm
Sun closed
Payment Method: All major credit cards, Financing Available
Location: On north state street next to Wendy’s

Cash America Pawn
Contacts:
1. 789 S State St,
salt lake city, UT 84111
(801) 322-3841
2.  4253 W 3500 S,
Salt Lake City, UT 84120
(801) 966-8182pawnshop1
3.   6665 S State St,
Salt Lake City, UT 84107
(801) 262-0900
4.   7189 W 3500 S,
Salt Lake City, UT 84128
(801) 252-0377
Extra Phones: Toll free:(877) 421-2000
Payment Method: Amex, Mastercard, Visa, Check, Discover

Premier Pawn
Contact: 3721 S State St
Salt Lake City, UT 84115
(801) 981-4422
Business Hours: Mon-Sat 9:00 am – 6:00 pm
Sun 11:00 am-5:00 pm
Payment Method: Amex, Discover, Visa, Mastercard
Location: Conveniently located in SLC on State St(on the east side between 33rd S and 39th S)

Hy & Mike’s Annex Pawn & Bail Bondspawnshop2
Contact: 3668 W 3500 S,
Salt Lake City, UT 84120
(801) 997-5594
Business Hours: Mon-Sat 9:00 am – 6:00 pm
Sun 12:00 pm – 4:00 pm
Payment Method: Discover, Master card, Visa, Debit, Cash, Financing Available
pawnshop4
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