Pawnbroking in a nutshell is a method of small lending where a customer brings in an item of value to a pawnshop to lend against. When the customer wants to pick the item up they pay a small fee on top of the amount they borrowed and then they get their item back. It’s a quick and easy way to borrow money instead of using finance. Also with pawnbroking there are no credit checks so your finance history is not affected by pawnbroking which is why a lot of people use pawnbroking over financed loans.
If the customer doesn’t collect their goods then the pawnbroker must recoup the cost and sell the item to get their money back. When The pawnbroker does this it doesn’t affect the customers finance history and the pawnbroker can lend again to the customer. There are no limits on how much a pawnbroker can lend as it all comes down to the value of the item the customer brings in. Therefore, it’s a very quick and easy way to get a small amount or large amount of money fast which is why a lot of people now try pawnbroking over personal loans or a payday advance.
At Buyback loans we strive to be as competitive as possible against other pawnbrokers on the Gold Coast. We are also gold buyers and buy or loan top prices for your unwanted gold. Located in Pimama, we service most of the north coast areas such as Coomera, Upper Coomera, Ormeau and more. Even if you live on the southern side of the Gold Coast it would be worthwhile taking the trip to see us as we can promise the best prices paid.