Pawning is the quickest and the easiest way to borrow money without the hassles of credit checks and lengthy loan applications. Pawning is where you get a cash loan against an item, and the pawn broker stores the item with them unless you pay the total loan amount along with any applicable interest & fees or the pawn contract defaults.
No, as pawn loans are based on the value of your collateral items & not your credit rating.
We typically accept anything that has a resale value like – gold, silver & diamonds, platinum, jewelry; coins, bullion; luxury watches; guitars & musical instruments; electronic items like TVs, cameras, music systems, phones, laptops, play stations; collectibles & paintings ; sports equipment; power tools etc.
Yes, no matter what condition your jewelry is in, precious metals still hold their worth which depends on the prevailing market rates.
The value of the item is determined based on its age, current working condition, appearance, missing parts or documentation, and it’s in store demand & salability. The value of precious metals is deduced through the prevailing market prices.
Pawn loans in the State of Alabama are for 30 days with an additional 30-day grace period.
Your loan can be renewed for another 30 days by just paying the convenience fee. It’s advisable to discuss with us in such cases so that we can work out any alternatives. In case you still don’t wish to pay and redeem your item, you can let the loan term expire and the pawn shop will take legal possession of the item and sell it off
No, the ownership remains with the customer until the pawn loan expires. Your item is placed for sale only in case you fail to renew the loan or pay it in full within the loan term and any applicable grace period.
Yes, anyone can make a payment for your loan. Only the original pledgee or a person with the original pawn receipt (and a Government issued Photo ID) is allowed to pick up the item.
Pawn loans can be paid through debit cards & cash, however you can pay for purchases through cash & both debit & credit cards.
Yes, we inform our customers through text and phone calls when the loan has expired & you are in the grace period.
You can pawn as many items as you wish and borrow as much cash as you need.
Yes, as pawn shops are highly regulated on a local, state and federal level.
At pawn shops, one gets merchandise at about one third or even half the prices as compared to the retail stores.
Procuring a pawn loan is the easiest way to meet short terms financial needs without the hassle of credit checks and lengthy loan applications and bank procedures. A pawn loan can be acquired within minutes.
- You bring your item to our pawn shop
- Our experts do an on the spot appraisal & inform you about the allowable loan amount
- You produce a valid ID.
- Sign the required documents
- You get instant cash
No, pawn shops are highly regulated and work very closely with the local law enforcement officials. In fact, pawn shops are the most dangerous places for getting rid of stolen items. Pawn brokers are highly trained in order to identify stolen items & are always on the lookout for the same. Overall, less than 1/10 of 1% of the items are identified as stolen goods.