Pawning items is easily one of the ways by which one can come up with cash. Surely, if you’ve chosen to pawn an item instead of selling it, it could mean that you’re not willing to give it up for sentimental or practical reasons. When it comes to money and valuable items, all of us want secure, honest, and reliable transactions. Of course, you would want to have your pawned item intact when it’s time to get it back. And since you’re trying to get the best value, a reasonable and fair appraisal process is what you should be looking for as well. How, then, can you gauge if you can trust a pawnshop?
- Is it registered?
See if the business is registered properly. Visit their branches and scan for their permits and certificates. In the Philippines, these documents are required to be displayed.
- Do a quick online research
Go online and see if there’s anything you can read about these pawnshops. Are there any news article read about them? What do people say about their services? A quick search can do wonders.
- What do customers say?
Do you know friends who have been to these pawnshops? What can they say about them? Ask about how their interest rates and appraisal process. Find out if these pawnshops actually keep your item safe and secure.
- How long have they been in the business?
The scale of a business can mean that people have trusted them long enough to support them. While there are many new businesses you can definitely trust, those who have stayed long enough can give an assurance that they won’t just disappear with your valuable pawned item.
- Check their affiliations
You won’t choose to partner with someone you can’t trust or have fruitful transactions with, right? Check the pawnshop’s affiliations. What other businesses have partnered with these pawnshops? What are their other organizational efforts?
- Have they been awarded for their services?
Services that merit legitimate awards are always a good sign. What have they been recognized for? What are these award-giving bodies? These are things you may easily find online.
Pawning is considered relatively less risky than selling because of the value you can get without having to completely give up your priced possessions. Cebuana Lhuillier understands this. Cebuana Lhuillier Pawnshop is one of the leading and largest non-bank financial services providers in the Philippines. As a service provider, we care about the needs of our clientele by providing easy, reliable, and honest services. What more can you ask for? Visit the branch nearest you. We’d be glad to help you out.
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