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If you have
fine jewelry that can be used as collateral, perhaps you’ll want to try
Sol’s Jewelry & Loan, specializing in jewelry as collateral for
short-term loans and are sure to give you a fair price assessment for
your jewels. With
three locations of Omaha pawn shops (72nd and
Maple, 120th Street, and 16th
Street downtown), Sol’s is a convenient pawn shop to stop in and have
your jewelry appraised for a short-term loan.
There are also several general pawn shops in
Omaha, including the well-known national chain Cash America.
With all of the
merchandise that can be found for sale in Omaha pawn shops, it may seem
as though many people are defaulting on their short-term loans. In fact, you may think
that the pawn shops are losing money on payday loans.
However more than 70% of customers repay their
short-term loans (from which the interest is pure profit for the pawn
shop), and many items found for sale are not necessarily pawned
collateral.
Sometimes the
merchandise being sold by Omaha pawn shops is acquired, not as
collateral towards a short-term loan that was not repaid, but through
auctions and estate sales. This
is one way for pawn shops to purchase quite a bit of merchandise for
payday loans for a small price. They
then can turn around and sell the acquisitions from these auctions and
estate sales for a fairly high profit margin.
Another way
that Omaha pawn shops make money is through these payday loans, which
incur no overhead costs (no collateral must be stored).
In Omaha, there are many pawn shops in which
you can acquire a payday loan, as well as a short-term loan that will
help to alleviate financial woes.
Whatever
the treasure you may be looking for, or what you have to pawn in return
for a short-term loan, you will find the right shop for you among the
Omaha pawn shops. Just
give it a try, and you may find that the cash you need is easier to get
than you think through payday loans.
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