Whether you’re nearby pawn shops to sell your jewelry, electronics or other items, or you’re in need of a short-term loan, nearby pawn shops may be the right place for you. These shops are regulated financial institutions that offer consumers short-term loans based on the value of their collateral. Unlike most other types of lending, pawn shop loans do not require credit checks or hard inquiries. The only requirements are that you be over the age of 18, show proof of identity and bring in an item that the pawnbroker can resell for a high amount. Common items include jewelry, electronics and firearms.

Typically, pawn shops make loans with terms ranging from 30 – 60 days, after which your merchandise is resold. If you don’t pay back the total loan amount including interest within the time frame, your merchandise is then considered forfeit.

Trusted Pawn Shop Services for Quick and Easy Transactions”

In addition to offering a safe place for borrowers to get cash, pawn shops also provide an excellent resource for those in need of household items. From appliances and tools to musical instruments and vehicles, these places also allow you to buy quality used goods at a fraction of their retail price. Many of these establishments are known for their customer service and fair offers on items.

One of the most popular pawn shops in Manhattan is 24 Hours Pawn Shop. This business has a 4.8 rating on Google with over 456 reviews. It’s well-known for making the best offers on gold and antiques, and customers say that they have friendly staff who explain the pawning process clearly.