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Meet Immediate Cash-flow Crunch: Online Pawn Broking

By Author: FishPawnBroker
Total Articles: 29

Just like visiting your regular pawn shop, online pawn broking stores ensures a smooth and fuss-free transaction from the comfort of home. It’s ideal for those who live in remote locations, those who can’t get out easily or those who have a high number of items.

How does online pawn broking work?

Send one email on the link provided on the online pawn broking websites or contact them by calling on the numbers mentioned on their site. Send description and some photographs of the items you are looking to loan against to online pawn broking stores so that they can provide you with an estimate loan amount.

If you confirm you are happy with the estimate online pawn broking stores will send you a Special Delivery label so you can post the item. Take the item to your local post office where you’ll be given a receipt so you can track your item until it reaches online pawn broking shops. Your goods are fully insured whilst in transit.

Once online pawn broking stores receive your items, they will be appraised that same day. A HD recording of the parcel being opened and appraised will be available for peace of mind. When online pawn broking shops fully appraised the items pawn brokers will confirm the final amount, including interest rate and duration, and send you an agreement to electronically sign, and once signed online pawn broking transaction will transfer the money directly to your bank account.

At the end of the agreement, providing you pay back the interest rate and loan amount, your items will be returned to you.

HOW MUCH CAN I GET FOR THIS DIAMOND RING?

Platinum and loose diamonds jewelry is also usually priced higher, depending on their weight and condition. Other jewelry items to consider selling or pawning are gemstones, estate jewelry, antiques, and heirloom jewelry. Of course, the estimate price will depend on the condition and market value of a given item.

When you bring in a piece of jewelry to the pawn shop, the jewelry is appraised, preferably by a professional appraiser. The appraiser then gives you a price for your jewelry, the interest rate on the loan and other terms and conditions of the loan. In the case of pawning jewelry, the value is based on standardized industry factors, such as karat weight, rarity and condition. The pawnbroker will then offer a fixed-rate loan based on the agreed upon value, for a period of time, usually 30 days.

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