How to Deal with a Pawn Shop: Getting Cash & Buying

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A pawn shop can be a good place to get a few extra dollars if you need a loan or a quick sale. Pawn shops typically allow you to either sell an item outright, or place the item in the temporary care of the store in exchange for a cash loan, which must be paid in full plus interest by a specified date. [1] X Research source Pawn shops are also a great place to buy used goods for a cheaper price. Some pawn shops sell items for up to 70 percent cheaper than retail prices. Learning how to make a transaction with a pawn shop can get you fast cash, a temporary loan, or just a bargain purchase.