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Busting Misconceptions About Pawn Shops

Busting Misconceptions About Pawn Shops

Busting Misconceptions About Pawn Shops
In today’s world, despite the fact that we have incredible technology at the tips of our fingers, it can sometimes seem like the more people talk, the less people really know. Facts start to become muddled, and soon, pawn shops start gaining bad reputations for selling stolen merchandise and being shady – when in reality, that couldn’t be further from the truth. At Traders Loan and Jewelry in particular, we have made it our business to be there for our surrounding communities, helping people and treating everyone like family, for more than 60 years. The only thing you’ll find here are fantastic items, friendly pawnbrokers, and a whole realm of possibilities. So please, follow us below as we go through and clarify some of the more hurtful misconceptions about pawn shops you’ve likely heard before.

Pawn Shops Sell Stolen Goods

At Traders Loan and Jewelry, we are very proud to serve our community, but only so long as our transactions fall within the tolerance of the law. With so many strict regulations and requirements we have to follow, we can’t even imagine how selling stolen goods would even be possible. Every person who sells or pawns an item with us must have a valid ID, with a photo, and be prepared to submit to fingerprinting. Every day, our staff even files reports to send to local law enforcement agencies outlining every item pawned, sold, or purchased that day – including detailed information on the items and their previous/new owners.

Pawn Shops Only Buy/Sell Junk

The whole point of a pawn shop is to be able to buy and sell items. If we only ever bought junk from people that no one wanted, we definitely wouldn’t have been able to remain so successful for more than 60 years! Truth be told, we just happen to buy and sell a lot of different things. From rare jewelry and designer handbags, to electronics and firearms, we maintain a massive variety of all sorts of high quality items for every type of person who might walk into our shop. So while not every item we have may appeal to your tastes, we assure you, we only carry the best of everything we have to offer.

Pawn Shops Only Do Business With People Who Have Bad Credit

Although it may be true that people with bad credit can find incredible offers for risk-free financing at pawn shops that they may not be able to find anywhere else, that has nothing to do with all the other incredible opportunities available to people from all walks of life. CNBC even reported recently that more and more wealthy individuals are using pawn shops as a means to gain same day financing for investments using their art collections, vehicles, and more – much like how kings and queens throughout the centuries often turned to pawnbrokers to fund their adventures across the seas.

Pawn Shops Hope You Never Reclaim Your Items

We only care about what’s best for our customers. If you would rather keep the money and say goodbye to your item than make payments, that’s perfectly fine with us, we’ll just turn around and resell it to make room for more stuff. If the item you pawned was special to you and you want to get it back, our pawnbrokers will of course work with you as much as possible to ensure you can reclaim it. We just want you to be happy! Besides, if no one ever came back for their stuff, we’d have no room left in the store, so it’s really in everyone’s best interest for you to come take back what’s yours or just say goodbye.

The point is, pawn shops are not the seedy, evil places people often make them out to be. Although there will always be one or two bad apples in the bunch, for the most part, pawn shops, like At Traders Loan and Jewelry, just want to do our part to help the people we call neighbors live the best lives possible no matter what challenges and opportunities life throws our way! To get your pawning adventure started, come visit us at Traders Loan & Jewelry today at 18505 Sherman Way Reseda, CA 91335, call 818.345.8696 , or simply fill out the form on our contact page if you have any questions.