Pawnshop Loan is One of the Better Options – Fox Business

Sterling & Knight

Jewelry & Pawn

Looking to borrow some money? Fox Business just published the article “Seven Best-to-Worst Ways to Borrow $500”, and pawnshops are listed as a good way to borrow money! If you are in need of a short term cash loan, Sterling & Knight Jewelry & Pawn is here to help. Please read the excerpt below:

“Pawnshop loan. Believe it or not, a pawnshop loan is one of the better options to consider, says Mary Hunt, author of “7 Money Rules for Life,” and founder of Debt-Proof Living. “A lot of people think of them as back alley, but that’s really not how they work anymore,” she says. In fact, thanks to shows like “Pawn Stars,” they’ve become more mainstream than ever.

The way it works is you bring in an item as collateral for the cash they give you. The pawnshop must keep your item for an agreed upon amount of time (for instance, 90 days). If you come back and pay back the loan before the term is up, you get your item back. If you don’t, your item is sold
The perks: “It’s clean. There are usually no credit checks. And you have the option to not pay it back legally,” says Hunt. In terms of risk, the only thing to consider is how much sentimental value the item has, just in case you’re unable to pay for its safe return.

The verdict: good borrow”

Read more:

Getting a loan from Sterling & Knight Jewelry & Pawn in Hinsdale and Villa Park is that easy! Just bring in an item of value: jewelry, coins, musical instruments, tools or electronics. We will evaluate your items, and give you a cash loan on the spot! You can be on your way with cash in hand in a matter of minutes.

Click here to read what our customers have to say about us. Come in and see us today!

We have two locations to serve you! We are located in:

Villa Park

109 E. St Charles Road Villa Park, IL 60181 680.833.0800

Hours: Monday 10 – 7:00 Tuesday – Friday 10 – 6:00 Saturday 10- 3:00


244 E. Ogden Ave. Suite 114 (In the Courtyard of Koshgarian Plaza) Hinsdale, IL  60521 630.321.5600

Hours: Monday – Friday   10 – 6:00 Saturday & Sunday by appointment.

If you refer a new customer to our store, you receive a 3% referral bonus, just like referring someone to host a Gold Party.

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Thank you for your business and continued faith in our local, family owned business. We’ve had the privilege of working with wonderful customers and helping them in these troubled times.


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