Selling Versus Pawning: Which is Better?
Life tends to have many ups and downs every now and then, and when the down part arrives it requires some cash at a short notice. And when this time comes, most people’s option is loans or sells their valuable stuffs. Getting Loans from banks can sometimes lead you to more debt because of a high interest, sometimes getting a loan or asking help from a relative is embarrassing and others last option is selling their valuable stuff and for some it is really hard especially when the items are from someone dear to them, or have a special memory in it. But instead of selling why not pawning?
What’s the difference between them? Selling an items means forfeiting your ownership to the item, while pawning you basically use it as a security for short term loan. What are their pros? Selling may get you more money when you find the right market, and once you sold the item you have no worries of paying back. While in pawning, your item will still be yours at the end once repayment of the agreed rules are made. You can pawn anytime.
What are their cons? In selling, your item will no longer under your ownership once sold, finding a buyer may take time. While in pawning, your item will be on hold until you pay the full amount of your payback, if you weren’t able to pay you may not get your item back and lastly your item may not be accepted.
When in time of crisis and your option are to sell an item but its special to you, pawning would be the best option. But first make sure to choose a pawn shop that is reputable and will give you the right appraisal value for your item. I highly recommend that you can choose Cebuana Lhuillier, as it is a leading pawning industry that offers safety and the highest appraisal rate in the industry. It also has more than 2.200 branches nationwide. It also accepts a wide array of items from jewelry from gold, diamond, and platinum jewelry and watches, as well as selected non-jewelry items such as cellphones and laptop computers, as collaterals, the company’s core business has evolved with the needs of its clients.
If you are ready to pawn your items and want to know more about pawning, visit the Cebuana Lhuillier branch nearest you and they will help you out.