An engagement ring is one of the biggest single purchases many people make — and sometimes life means financing one, or selling one. A pawn shop is often the fastest, lowest-stress way to do either: quick, discreet, and without the difficulty of a bank loan or the risk of borrowing from a private lender.
If You're Borrowing Against a Ring
A collateral loan lets you get cash using a valuable ring as security, with a low rate and no credit check. A few tips before you go:
- Know your budget. Only borrow what you can comfortably repay in the loan term — weddings and engagements are expensive enough without overextending.
- Look for deals first. Sales and gold promotions can lower what you need to borrow in the first place.
- Bring something genuinely valuable. The pawnbroker sets your loan amount from the item's appraised value, so the better the collateral, the better the offer.
If You're Selling a Ring
Do a little research on the setting and stone first (see our guide to selling a diamond ring), then get a few offers. At DD Pawn Loans we appraise diamonds and engagement rings on the spot and pay cash.
See our sell diamonds page, ask about a collateral loan, or call (561) 774-9292.