There’s no doubting the economy is rough on everyone. Even Upper middle and upper class households are feeling the crunch of finances in many situations. At times like this it can be incredibly tricky (to say the least) to find creative ways to get extra money without further extending your credit or digging yourself in deeper. That’s why many people are turning to collateral loans or pawn shops in order to patch up finances temporarily.
This is a refreshing alternative to pawn shops, which is the only thing most people think of when they think about collateral loans or emergency cash. Jewelry stores are NOT pawn shops, although in many situations they provide all of the amenities of one, just on a more evolved, professional and honest level.
Seeing as this is a sort of trend with the economy, jewelry stores have been creative in finding their niche to both help you out and supplement sales at the same time. Many jewelry stores here in the Florida area are now providing the service of “collateral loans” or just plain buying your jewelry. If you want to learn more about how to safely and wisely — sell jewelrly — you will want to visit a site that is reputable and established. Call them and learn more about selling your jewelry and they will give you all of the info you need to make an educated and well informed decision on if this is something you might be interested in doing.
If on the other hand you are not willing to part with the jewelry, you might want to consider learning more about — Jewelry loan — options that are provided by jewelry stores. This is particularly interesting to me because it offers an alternative to pawn shops. I have always thought that the nature of the pawn shop industry was a good business model, but that the clientele (and often the management) were just plain creepy. So the fact that jewelry shops are performing collateral loans is most interesting to me. I’m curious what the population will do with this option. The payouts are higher than pawn shops and the loan terms are better, but will people feel comfortable visiting a nice jewelry store to do something like “pawn” something for emergency cash.
My guess is, and this is based on talking to a company in Florida that offers these collateral loans (Raymond Lee Jewelers), that people will in fact take advantage of jewelry stores. What Raymond Lee is telling me is that people are quite vocal about how “disgusting” or “depressing” it is to visit a pawn shop.
My advice is clear. Go to a real jewelry store to get a collateral loan, or if you need to sell your jewelry. Pawn shops are a thing of the past, or are at their best a last resort for anyone. Jewelry stores are more focussed on customer service and care, and these two things mean everything.
Here’s an example I gleaned from a chat room forum on the subject of loans. A woman in Boca Raton had looked up online the value of her husbands Rolex and then taken it into a pawn shop. The pawn shop owner (or worker) was apparently young and seemed to be un-knowledgeable about jewelry in general. He pulled out a giant book and referenced Rolex in it and then offered her a loan price or a purchase price. Both were insulting to what she knew for a fact the value of the watch to be. And although she had no illusions that she was going to be able to get the full value of the watch, she was shocked to hear that she was being offered less than 10% of the price. She offered to show the watch to the clerk and he said it really didn’t matter what it looked like, he couldn’t pay out more. She went to Raymond Lee Jewelers and was delighted that the watch was appraised by a real jeweler and even more delighted that the loan amount was more than triple that of the pawn shop had offered. The long and short of her post was that the pawn shop appeared to not care at all about anything in that transaction and that Raymond Lee had treated her like a valued client and potential customer for life. I hope this info helps..
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