Whether you want to buy inexpensive electronics or sell personal possessions for quick cash, a pawn shop is a dependable source for your needs. However, many misconceptions regarding pawn shops have sprung up over the years and sometimes keep people from taking advantage of these resources.

The team at Gold & Silver Pawn in Hinesville, GA, notes a few myths that are easily debunked.

3 Pawn Shop Myths Debunked

1. Pawn Shops Carry Only Junk

Pawn shop owners want to buy items that will sell quickly and not take up valuable store space. They take special care to ensure only high-quality items are available for customers to buy. You can find a wide selection of great-looking jewelry and electronics at Gold & Silver Pawn & Gun.

2. Pawn Shop Loans Are Expensive

Some people worry a loan from a pawn shop will have an impossible repayment plan that saddles them with excessive debt. However, state laws limit interest rates on pawn shop loans and many lenders offer competitive rates.

3. Pawn Shops Are Shady Places That Sell Stolen Goods

This common myth couldn’t be further from the truth. Pawn shops work with local police departments to prevent the buying and selling of stolen goods. Many shops hold items for a set period of time before selling them in case they have been stolen; this provides time for them to be returned to their rightful owners.

For a trustworthy pawn shop where you can sell your extra items or take out a cash loan, turn to Gold & Silver Pawn in Hinesville, GA. To learn more about their services, contact them online or call (912) 876-6580.