Anyone who shops, borrows or sells can benefit by mastering their finances. Advice is available from pundits and financial managers, even from the government. Paying a visit to your local pawnbroker can provide several valuable lessons.
Dealing squarely with a shopkeeper is accomplished by knowing the value of things. You want to get the best deal whether you are selling , shopping or borrowing, for then you can name a fair price and stand firm. Shopping smart is the best way to get what you need.
An informed consumer commands respect, and you will gain insight into the value of things by visiting a pawnshop. Avoid paying the premium prices that apply in designer stores while learning the resale, or salient value of items that interest you. The selection is vast. Our shop sees many diverse valuables come through, from century-old coins and Civil War Currency, to touchscreen laptops and the latest iPhones.
Our slogan is, Be A Pawnshopper … Old Treasures Equal New Pleasures.
Loan seekers can learn more about credit from the Federal Trade Commission. Visit https://www.consumer.gov/articles/1010-using-credit#!what-to-know #pawn #debtfree #CASHLOANS
After covering bank loans, the FTC observes that banks are not the answer for every citizen. “Some people go to a payday lender. Some use their car title to get a loan. Some pawn things.” It may be misleading to speak of “payday lenders” in the same breath as a pawnbroker. The consumer bureau fails to point out that a payday loan is of no use if you need money because you are between jobs, or if the dollar amount you need exceeds your paycheck. In those cases, the pawnshop is everyman’s bank.
Pawning is easy. The value of the loan is determined by the valuables that you bring. And because you have put up collateral, the choice is there to pay off the loan (plus the accrued interest) or simply walk away. And the choice is all yours.
Other agencies address pawning, like the Consumer Credit Commissioner of Texas: http://occc.texas.gov/sites/default/files/uploads/misc/consumer-literacy/english_pawn_jan_2016_no_lines.pdf. It advises you to seek credit deals the way you might hunt for post-Christmas gift items:
Shop, Shop, Shop!
Compare costs. For example: What are you eligible for? Do you need a pawn loan, an unsecured cash loan from a finance company, a bank or a credit union? “Buy” credit like you would any other purchase.
We certainly endorse the following point from the Commissioner: “When ‘shopping’ for credit — a pawn loan, a cash loan, a credit card, etc. … deal only with reputable businesses.”
How do you check a pawnbroker’s reputation? With Gold Star Jewelry, it is easy to check our reviews online. It helps to know that we were voted Number One among Best Chicago Pawnshops on bizvotes.com.bizvotes.com, and we are members of the National Pawnbrokers Association.
We can certainly endorse this recommendation from the Office of the Commissioner:
Shop, Shop, Shop! Compare costs. For example: What are you eligible for? Do you need a pawn loan, an unsecured cash loan from a finance company, a bank or a credit union? “Buy” credit like you would any other purchase.
Stop to shop at Gold Star Jewelry & Coin Co., and you will be very glad you did.
Gold Star Jewelry & Coin Co.
7048 N. Clark St.
Chicago, IL 60626