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Online Pawning

By: Lynda Baquero, WNBC
Updated: December 19, 2011
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Pawn shops are now online.

One website will analyze what you're offering and give you a loan or purchase price, and you don't even have to leave your house.

Pawngo.com launched in June.

You can get cash for your items, or a short term loan.

To get started, customers describe the item, and within minutes a loan or a purchase offer is made.

If you like the offer, you have to ship the item to them for a final review.

You should do as much research into the resale value of your item and shop it around before accepting any offer.

Pawngo.com does not sell pawned items just yet.

They intend to launch that service soon.

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