March 20, 2015

Why Selling Your Stuff at a Pawn Shop is Better

Everyday people just like you find themselves in need of short-term, small-dollar loans that aren't available from banks or traditional lenders. Pawnbrokers, such as United Pawn, are here to get you that money instantly and in cash!

We all have items we don't need or want laying around the house. Why not just sell those items on eBay, Craig's List or have a garage sale instead of getting a pawn loan? Excellent question and we're glad you asked!

eBay can be great for small items that are in high demand. But they charge fees and those fees can be high! For example, if you sell your iPad on eBay for $250, your ebay fee is $25.45, your Paypal fee is $7.55 and shipping will cost around $25. So your $250 sale, just cost you $58. Big, bulky or heavy items can be cost prohibitive to sell and ship.

Craig's List is a great place to sell big, bulky or heavy items to local buyers, assuming there are local buyers interested in what you have to sell. While there are no fees, recent news reports prove that Craig's List can be downright dangerous.

Garage sales can be a lot of fun, especially if you have multiple items to sell. But people go to garage sales for a bargain, which means you won't get the best price for your stuff. Also, if you don't sell your items, you don't get your cash.

Pawning is easy, safe, convenient and you will get your item back when you pay back the loan. At United Pawn, we only charge 10% for your loan; so a $200 pawn loan on your iPad will cost $20 a month. If you don't pay off the loan in 90 days, United Pawn will simply terminate your contract and sell the item in our store. Extensions are also available if you're really attached to that iPad and want to get it back!

February 25, 2015

Pawn Loan vs. Payday Loans

Pawn Loans

A pawnbroker offers a pawn loan based on a percentage of an item's estimated value. The item is held as collateral until the loan is paid back. You only need two things to pawn something at United Pawn:

  1. Proper identification.
  2. An item of value as collateral for the loan.

Payday Loans

A payday loan is a short term loan, generally for a small amount of money, that is due on your next payday. You typically need at least three things to get a payday loan:

  1. Proper identification.
  2. A bank account.
  3. A job.

What happens if you can't pay back your pawn loan?

The item held as collateral for your loan will be forfeited and the pawn shop will sell it in their store. That's it. No harassing telephone calls and no dings to your credit.

What happens if you can't pay back your payday loan?

Payday loans can become an endless cycle of debt. Finance charges of payday loans can equate to an annual percentage rate of almost 400%. If you don't pay back the loan, you will have to renew it for the amount of the original loan plus the amount of interest already charged.

I think we can all agree that getting a pawn loan is easy, safe, convenient and will keep you from getting into an endless cycle of debt.

February 19, 2015

Five Tips to Getting the Best Price for Your Stuff

Most of us live paycheck to paycheck, which means when the unexpected happens there isn't always cash available to deal with it. If you're anything like us, you have valuable things laying around the house that can help you get out of the jam and NOT get you deeper into debt.

Here are five tips to help you get the best price for your valuables:

  1. Bring in a quality item. Jewelry and tools sell quickly, whereas common items that are inexpensive to buy, like a toaster or coffee pot don't have as much value.
  2. Make sure your item is in good working condition. Items that don't work have little value.*
  3. Clean your item before bringing it to the store. You will get a better price if your item looks as if it's been taken care of. Dust it off, wipe it down and let us know you value it.
  4. If available, bring in the original box, paperwork or certification for the item. Just having these items can increase the value of your item.
  5. Have a good story. Let us know that you value the item and intend to pay back the loan.

*Broken items made of gold, silver & platinum are the exception to this rule. These items have value no matter what condition they are in!

If you've never pawned anything before, don't worry! The friendly staff at United Pawn & Jewelry can walk you through the entire process. Stop by our store at 8130 W. Waters Ave., or give us a call at (813) 882-4222.

February 11, 2015

Why we don't carry guns.

United Pawn strives to be "The nicest shop in town." Our goal is to not only be the best pawn shop in the neighborhood, but the best pawn shop in town. We believe that an important part of that is to make sure that everyone in Tampa feels welcome in our store. We feel that carrying guns detracts from that goal.

We are family friendly and we always focus on our customer's needs. We want you to feel safe and comfortable bringing in your children and extended family to check out our new merchandise. If guns make even one person feel uneasy about entering our store, we would rather not carry them.

At United Pawn we strive to be the most professional and most attractive pawn shop in the area. We want you to feel the same about entering our store as you would about entering any other department store, big box retailer or jewelry store.  Our goal is to elevate the quality of service that you receive from a pawn shop and constantly exceed your expectations.

February 04, 2015

What is a pawn loan?

A pawn loan is simply a cash loan made against an item of value. Getting a pawn loan requires no credit check, no bank account and no co-signer. Typical items that are pawned include jewelry, televisions, personal electronics, computers, phones and vehicles. The item is stored at United Pawn shop until the loan is repaid. All pawn loans are made instantly in cash!

When we get in binds, many of us turn to credit cards or family members. However, asking family for money can be tricky and credit card debt can be catastrophic. Almost 40% of people don't have a bank account and can’t get a credit card or any type of bank loan.

When you run into a financial emergency, United Pawn can offer an easy alternative. Not only can you quickly obtain the cash you need, but if you don't have the funds to pay off the loan, you simply lose the items you pawned as collateral – no credit blemishes or harassing phone calls. The average loan is usually $100 so it’s generally manageable to pay back. However, loans can be made for any amount, depending on the value of the item you pawn.

Interest rates at United Pawn are less than the interest rate charged by credit cards or payday loans. United Pawn charges 10%, which means if you get a $100 pawn loan, you will be charged $10 per month in interest.