How does a pawn work?
A pawn is another term for a collateral loan. We lend money on items of value ranging from gold and diamond jewelry, musical instruments, televisions, electronics, tools, household items, firearms, and more. Loans are based on the value of the collateral. When a customer pays back the loan, their merchandise is returned to them. A customer may also choose to surrender his or her collateral as payment in full.
How much should I expect for a loan on my item?
Loan amounts vary according to the value of the item. There is no minimum or maximum dollar amount set. Your loan amount will be determined according to other factors as well such as demand and condition of the item.
How do you determine the value of an item?
We base the value of the item on current appraised value, its current condition and the ability to sell the item. We use research tools to determine an item’s value and get you the most money for the item. The appraisal process varies depending on the type of item—for example, jewelry is evaluated differently than a DVD player.