22-Jun-2012 | News-Press Release

June, 20th, 2012: Online pawn shops represent a new way of helping families that need cash now turn tangible assets into liquid cash.

In today's uncertain economic climate a new breed of e-tailer is springing up, online pawn shops. Online pawn shops are a very quick and easy way to raise instant cash. They can be visited from the comfort of your home, or your office. Their popularity reflects the attitude people now have to doing business online. Pawn shops used to be found on the High Street, now they are found online where online pawn shops enable the visitor to get a quick and instant valuation on a specific item that can be sent safely in the post. Valuations are instant, a Fedex envelope can be sent to collect the item for free and, as soon as the item has been received by online pawn shops the money can be transferred to the owner's account.

What's so good about online pawn shops is that no one can see you visiting a shop, it offers a discreet, personal, confidential service to raise cash and better still the interest rates are often very reasonable, and it is far cheaper than borrowing money on the high street through a credit card a payday lender or a bank overdraft. The item is still owned by the borrower, so it can be redeemed at anytime and returned by post.

The website visitor simply loads up a picture of the item, the item is valued within the hour and once the item has been sent and matched to the picture, the cash is transferred within 24 hours to the borrower's bank account. As there are many payment options, however, there's no requirement to even have a bank account and, as the money is being borrowed against a tangible asset, there is no need for a credit check and there's no pressure at all! For example, if, at any time, when you load up a picture, you change your mind, that is entirely your decision and one that online pawn shops respect and adhere to.

What people love about visiting online pawn shops is that it is so discreet; they offer a simple, "no catche" way to turn gold, silver and other metals, or precious stones such as diamonds, or wrist watches of high value, known as "luxury watches" into real cash in the here and now.

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