FAQ | Frequently Asked Pawn Shop Questions

Collateral Loans are provided  at 0% for the first 30 Days if the loan repayment is 4 months (borrower must keep the loan open for 4 consecutive months in order to get the first month at 0%). Collateral Loans for up to 4 months are charged a rate of 3% per month.  Collateral will be charged a fee not to exceed 1% of total value for the purpose of securing and storing items in a vault.  Loans can be paid-off at any time during the loan term at no extra charge.  We will only charge for time in which the loan had a balance outstanding.  All items will be returned to the borrower in the exact condition received after the loan balance has been paid in full.  We hold the right to sell the collateral if the borrower fails to repay the loan as agreed.  The minimum repayment term is 0 days and the maximum is 120 days. The maximum loan term is 120 day. It is not required to pay the entire loan in-full within 60 days.
Example 1 :
If you borrowed $100 for 30 days you will owe $103.00 on the 31st day.
Example 2 :
If you borrowed $100 and made a payment $50 during the month, than on the 31st day your balance will be $51.50
Example 3 :
If you borrowed $100 for 90 days and made no payments during such time than, you will owe $109.00
Example 4 :
If you borrowed $100 for 120 days and made no payments during such time than, your balance will be $109.00 (that is due to promotion of 1st month no interest if you keep the loan for 120 days)
NOTE: Interest is computed based on the principal balance of the loan at the end of each period (30 days). We do not charge interest on the interest amount added to the loan. See example 3 and 4 above.

Our loan process is streamlined for simplicity and expedience. First, bring in your item for appraisal. We’ll then provide you with an instant pawn loan offer based on its value. If you accept, you’ll receive your cash funds immediately after completing the necessary paperwork.

You will need to present a valid government-issued ID. This is to verify your identity and meet regulatory compliance requirements.

Our approval process is notably swift. In most cases, loans are approved and disbursed within 15 minutes, allowing for immediate access to the financial support you need.

Interest rates are determined based on the loan amount and are compliant with state regulations. Our rates are competitive, and we strive to offer the most favorable terms to our clients.

We believe in transparency. Any potential additional fees will be disclosed upfront during the appraisal and loan agreement phase.

We specialize in a wide range of luxury items including jewelry, watches, diamonds, gold, fine art, and more. Each item is assessed individually based on its condition, market value, and demand.

Our focus is on luxury items due to their inherent value and demand. However, we assess each item individually and encourage you to inquire with specific item details.

Should you wish to extend your loan, we offer a renewal process that involves paying off the accrued interest on your current loan, thereby initiating a new loan term.

Yes, we provide online evaluations; however, all loans require final appraisal and transaction completion in person at our store for fair and security reasons.

We take your privacy and security seriously. All transactions are confidential, and we employ industry-standard security measures to ensure your personal and financial safety.