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These are some Frequently Asked Questions that we have been asked in the past. Hopefully they will help give you ideas as to what we take as well as help you feel comfortable doing business with us. If there are any questions not listed here that you still have, feel free to contact us and we will be happy to answer them for you!
What is a pawn loan?
Pawn loans are an easy way to borrow money without a credit check. Loans are based on the value of your item, not your credit rating or employement status.
If an item is pawned for a loan, within a 30 day period the pawner may purchase it back for the amount of the loan plus 15%. If the loan is not paid in full within the 30 day period, the pawner can extend the loan with a payment of 15% or the item can be left as payment in full. The pawned item will be offered for sale by the pawnbroker but the pawnbroker does not report the defaulted loan on the customner's credit report since the pawnbroker has physical possession of the item.
We loan on a large variety of items including all types of gold and silver. Please check the home page for different ideas on things to bring in for a loan.
What if I need more time to make a payment?
If you can't make your payment by its due date, you can call and make an arrangement with us for more time. You won't be charged extra for being late on a payment, but after you make your payment, the 30 day renewal will start from your original due date.
How do I renew my loan for 30 more days?
The loan can be renewed if you are unable to pay back your loan in full on its due date. You can get a renewal by paying the intereste that has accrued during the prior 30 days. The principal loan amount remains the same, as does the interest rate.
How much can I get for each item?
Pawn loan amounts are based on the value of your item. The items current condition, apprasised value, and our ability to sell the item in the current market. We use all of the research tools we have at our disposal to determine the value of each item.
Are my items safe while in pawn?
It is our responsibility to keep items safe and in good condition while in pawn. When you pawn your item, it's kept in a secure area, out of public view. Your item will be safely stored here until your pawn loan is paid in full. All panwed items are fully insured for the amount of the loan.
Can guns be pawned?
Yes, we are a licensed firearms dealer that accepts firearms as collateral for pawn loans. We are required to do a background check on all gun transfers. A 4473 must be filled out when picking up your firearm and a BCI check performed with approval prior to releasing it.
Can someone else pick up my items?
Only you can pick up your item with ID unless you have given written permission at the time of the pawn.