October 20, 2020


Pawn shops are private entities whose business model is based on immediately lending money to their clients through what is known as a pledge loan. A pledge loan is a loan whose collateral is an asset with value. For example, some of these personal assets could be a jewel, a gold watch, antiques, an electronic device, a car, and even a house. Currently, smartphones, tablets, computers, coin collection, and rare books are very popular as collateral. Many pawn shops have specialized in a specific type of goods. For example, you can find a pawn shop where only gold is pawned or where only antiques are pawned. However, those that are generalist will accept any type of product predominate.

How Do They Work?

The operation of a pawn shop is quite simple. Any person who proves to be of legal age can go to one of them and present the asset they wish to pawn. A person in charge will assess the state of the item to determine what its value is and, based on this, this will be the amount of the loan that will be offered. There are two factors that most influence the valuation of the property:

  • The general state of it where they will check its physical condition, and if it is missing parts, and if it works correctly. The latter is essential in case the pawn shop has to make a future sale of it.
  • The demand for the product. These are the products that sell fast. They are valued more than those that are more difficult to market, hence the influx of electronic gadgets.

The pawn shop must inform its potential client of all the loan conditions: what will be its interest rate, what will be the deposit fee, the form, and dates of payment, and what will be the conditions that must be met so that it can recover your property or under what conditions you will lose it forever. If both parties finally agree, a contract will be signed in which everything will be in writing. In the absence of setbacks, and operation of this type closes in a very short time, so that a person who needs money urgently can get it without paperwork or excessive red tape in just one hour.

Should I Trust a Pawn Shop?

Pawn shops offer very fast and confidential loans to people with very short-term cash needs, who are usually low-income people. In the event of non-payment, the entity keeps the asset and resells it, so that the loan recovery is guaranteed at all times. We are facing a type of business with many years of history and that is perfectly regulated by current legislation, so there is no reason to distrust. Of course, as in everything, it is advisable to visit several pawn shops and compare them before opting for one.

In Summary

Unfortunately, many families are forced to turn to pawn shops when they are looking for immediate liquidity to allow them to meet day-to-day expenses. Today, pawn shops have become the way out for so many people who are strapped for cash. Many of them do return to claim their possessions; after they have turned their financial situation around. However, pawn shops are highly recommended when you are in dire need of cash; even for rent money.

Did you know that an incredible 10% of Americans say they’re of Irish descent? If you’re looking for a gift idea for your girlfriend, wife, mother, or sister and want something that’s inspired by your roots, we’ve got you covered. Below, we’ve put together five great gift ideas that will offer them their own piece of Ireland, wherever in the world they might travel to…

Irish jewelry


There are thousands of talented jewelers in Ireland, and Celtic Cross Online, which makes stunning Celtic cross necklaces by hand, is a great example. From their workshop in Dublin, they painstakingly create authentic, traditional pieces that can be worn for any occasion, and each is hallmarked at the Irish Assay Office in Dublin Castle. Ideal gifts for Christmases, weddings, birthdays, and anniversaries, the hardest part is choosing the perfect necklace!



If there’s one way to pay homage to your home country, it’s by owning a piece of it! You can now buy Irish fossils, gemstones, and collectible rocks online, some of which have been turned into everyday accessories such as water bottles or key chains. Companies like The Rock Shop also sell beautiful crystals from Ireland, sold in their natural form, whilst you’ll also find pottery and other original pieces that are as Irish as they come. We love them all!

Aran clothing


Aran is an Irish stitching technique that dates back hundreds of years, originally designed to protect fishermen and farmers as they went out to work, braving the cold weather. One of the best things about Aran clothing is that it’s water repellent, and an interesting fact is that it can absorb almost 30% of its weight before it starts to feel wet. Made from natural wool fiber from Irish sheep, Aran jumpers and cardigans are naturally warm and oh-so-comfortable.



Chocolate says a thousand words. Shop online and choose a brand such as Butlers Chocolates, which have been making chocolate in the country since 1932. The company was founded by Marion Butler, who was born in India but moved to Ireland as a young woman. She created delicious chocolates for decades before the brand was bought out by Seamus Sorensen from Cork, and the company is still owned by an Irish family to this day. For more than 80 years, the company has been creating mouthwatering treats, and thanks to UPS, you can have your own box of delicious chocolates delivered to your address.

A trip to the country


The COVID-19 pandemic may have put travel plans on hold for 2020 and 2021, but there’s no reason why you can’t treat your loved one to a trip to Ireland as soon as it’s safe to do so. If you’re not quite comfortable booking flights and accommodation just yet, why not create a “voucher” that she can redeem for a vacation when she’s ready? You can work out the cost of the trip and keep the money in a savings account, ready and waiting for your future trip.

Which of these Irish gift ideas was your favorite? Let us know and check back soon for more.