When you need to get a fast loan without credit approval and without a long application process, pawn loans may be your best option. Following these tips will help you get the best rate and the best loan for your stuff.

Pawn Your Most Valuable Items

The amount of money you can get for the items you pawn is often directly proportional to the value of those items. While it may be tempting to pawn your less desirable possessions, there's a good chance that if you don't want it, the pawn shop won't want it either.

Bring in Documentation

Although many pawn shops are good at telling the difference between costume jewelry and the real thing, it helps to have a receipt or appraisal that shows the actual value of the item being pawned. In some cases when documentation isn't available, it may still help to explain where the item came from and why you believe it to be valuable. Well-preserved antiques and exotic jewelry may be more attractive to pawn shop managers than standard, everyday items.

Shop Around

One of the ways you can get the best loans in your community is to shop around for the best rate. Make a list of all the pawn shops in your area and visit or put in a call to each one. When taking your item around to different stores, don't be afraid to haggle. Many pawn shops expect their customers to negotiate the best rate, and will initially bid low as a result.

Consider Selling as an Option

Pawn shops pay more money to buy items than they do to pawn items. If you really want the best rate for your stuff, prepare yourself to sell it outright instead of taking out a pawn loan.

Develop a Relationship with One Pawn Shop

If you pawn items frequently, you may be able to get a better deal for your items if you're a return customer. Once you've showed that you pay back your loans and that you may become a regular customer, a pawn shop is more likely to want to keep your business.

For more information about pawning items and getting the best rate, contact a customer service representative from a pawn shop in your community, such as Sol's Jewelry & Loan. He or she will be able to answer your questions and give you tips and advice regarding your pawn loan.