Secure Fast Cash With Your Jewelry
Turn to us for jewelry loans in Philadelphia
Looking for fast cash? Consider a jewelry loan from a trusted pawnbroker. At Carver W. Reed & Co. in Philadelphia, we offer a quick and easy solution. Bring in your jewelry for a prompt appraisal, and as a reputable pawnbroker, we can offer you a loan ranging from 25% to 50% of its estimated resale value. You'll have the flexibility of up to six months to repay the loan or choose to renew it, giving you ample time to manage your financial needs. Our interest rate is also the lowest legally permitted – just 3% per month, and you only accrue interest for the months we hold your jewelry.
Visit Carver W. Reed & Co. today – your trusted Philadelphia pawnbroker – and explore the convenience of our jewelry loan services!
Learn more about our loan process
How Does It Work?
Bring your jewelry to us for an on-the-spot appraisal. We then offer you a loan ranging from 25% to 50% of the jewelry's resale value.
How Long Do We Hold It?
Unlike any other pawnbroker in the city, we issue you a ticket that is valid for six months. You are also granted a 90-day grace period after the six months, in accordance with Pennsylvania Department of Banking regulations, giving you a total of nine months to either pay off the loan or pay the charges due, which will give you a new loan.
How Much Is the Interest?
We charge the lowest amount allowable by law. Again, we are regulated by the Pennsylvania Department of Banking, so the interest is set at only 3% per month. You only pay for the months that your jewelry is here. For instance, if you borrowed $1,000 and came back to get your jewelry in one month, the interest would only be $30. Where else can you borrow $1,000 for $30?
You owe no interest until you take it out or the six-month term ends. Keep it here for one day or 10 years. The choice is yours.
What Happens to the Jewelry People Do Not Come Back For?
Contrary to popular belief, less than 5% of our customers do not come back to retrieve their items. That 5%, however, supplies us with one of the most beautiful displays of jewelry for sale found anywhere in the city. More importantly, because our costs are so much less than our competitors, you can find bargains galore on beautiful rings, watches, bracelets, necklaces, earrings, and more at up to half the price of a regular retail jewelry store.