If you’re short on cash, you might be preparing to make the rounds of pawn shops in Atlanta, GA. There’s an alternative, like title pawns, you’ll probably want to consider, but let’s first answer one of the most common questions people have about dealing with a pawn shop – it’s about the difference between pawning and selling. The process of pawning is not much different from taking out a secured loan and using something like your car or home as collateral. It’s just done on a much smaller scale.
When you pawn an item at a pawn shop, you secure a short-term cash advance with property that you own. Say, for instance, you want to pawn a television set. The pawn broker would give you $50 in exchange for your TV. If you repaid the cash advance within so many days, you would get your TV back. Generally speaking, pawn shops in Atlanta, GA, charge higher rates of interest than traditional lenders, but they also offer immediate financing.
When you sell an item to a pawn shop, it’s like selling property anywhere else. You won’t be able to get your items back. You may not get a higher price for selling versus pawning. It depends on how much space the shop has at the time and how long the business anticipates having to keep your property before it would sell.
Before you visit pawn shops in Atlanta, GA, consider visiting your nearest Title Tree branch to see how much cash you could get today. A title pawn doesn’t involve pawning or selling anything, so you can get the cash you need and keep your vehicle.