Put simply, pawnbrokers lend money to customers who pledge their property as collateral. The items used as collateral can range from jewelry to electronics. Once the customer pays back the loan, the pawnbroker returns the merchandise. However, if the customer chooses not to redeem their collateral, there are no negative credit consequences for the borrower, and the items are sold at a discounted price to retail consumers.

• The average pawn loan is $75 (with the vast majority of loans being in the range of $20-150)  

• The contract period is 60 days total (it’s actually a 30 day contract, with a 30 day grace period)  

• Total monthly service charges are 25% (includes 2%/mo. interest, +storage fee’s & overhead)

Pawning your items:

• A pawn is a 30 day loan, with a 30 day grace period

• Services charges are added monthly  

• No credit check is required  

• We use the pawned item as collateral

• Pawn items are held at least 60 days before going out for sale