![]() ![]() No bank required – EZPAWN doesn’t require customers to have a bank account.Make scheduled payments plus finance charges, 1 either in-store or online, to get the collateral (merchandise) back. Easy way to get a loan – Getting a short-term loan from EZPAWN is quick and easy.Once the short-term loan is paid off, plus finance charges, 1Ĭustomers can pick up the items they used as collateral. Customers expect to pay back the loan – They need fast cash but will pay off the loan to get their merchandise back.This could include a phone bill, rent, a car payment, or other living expenses that are due soon. Customers need fast cash – They must pay for something soon.Most customers pawn their items for a couple of reasons: 2 Pawn is a non-recourse loan, which means the customer is not required to repay the loan and failure to repay the loan does not harm the customer’s credit, but the pawnshop takes ownership of the item to sell. This includes getting a loan (AKA a pawn) based on the value of the item pawned, receiving quick cash, and the return of the item when the loan is paid off by the scheduled due date. Pawning is a good choice when someone needs cash but does not want to lose ownership of an item. ![]() When should an item be pawned? Great question! Below, EZPAWN will address which option is best and how to get the most from a pawn shop. 1 If the person does not want the item back, then it makes sense to sell it.Īdditionally, there are other factors to consider when pawing vs. The need for cash applies to both pawning and selling, however, if wanting the item back, the customer may borrow cash against the item by pawning it and redeem the item at a designated later date by repayment of the cash provided to the customer plus finance charges. Will address pawning and selling, the benefits and drawbacks, and how our customers can get the greatest return. Should an item be pawned or sold? Which will net the most cash?īoth options are good but depending on the circumstance, one option could be better than the other. However, many people are unsure about which option is better. Pawning or selling an item at a pawn shop is one of the best ways to get fast cash. ![]()
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