Have Questions?Have Questions?

How does pawning work?
Am I required to have a credit check for pawning?
Which items do pawn shops take?
How is the value of an item determined?
What is the maximum time allowed to pay back?
What happens in case I am unable to pay back?
Will I lose my pawned item? When does the pawn shop sell it?
Are there firearms in pawnshops?
How does pawning work?

Pawning is the easiest way to borrow money without having to go through any kind of credit checks and lengthy bank procedures.

Pawning is when money is lent in exchange for an item & where the customer receives a percentage of the item’s value that the pawnbroker believes it will bring in a sale. The pawnbroker holds the merchandise until the item is redeemed or the pawn contract is renewed as per the terms agreed upon. The item can also be surrendered as a payment in full in which case the borrower is not required to do anything else.

Am I required to have a credit check for pawning?

No, the only requirement is to have a valid govt. issued photo id proof.

Which items do pawn shops take?

We take anything that has a resale value like – gold, silver & diamonds, platinum, old & broken jewelry, coins & bullion, watches, musical instruments, power tools, electronics heavy equipment, firearms, sports equipment etc.

How is the value of an item determined?

An item’s worth depends on a number of factors including its age & appearance, current appraised value & working condition, documentation available & the pawn shop’s ability to sell it. The value of precious metals is determined through the current market prices.

What is the maximum time allowed to pay back?

Pawn contracts in Georgia are of 30 days & have an additional 10-day grace period.

What happens in case I am unable to pay back?

You always have the option of just paying the interest & renewing the pawn contract for another term. It’s also advisable to reach out to us in such cases so that we can work out any possible alternatives.

Will I lose my pawned item? When does the pawn shop sell it?

We will forfeit your item and put it for sale only in case you choose not to pay for your pawned item in full or renew the term. Therefore, the ownership remains with the customer until the pawn contract defaults.

Are there firearms in pawnshops?

Pawnshops are registered firearms dealers with permanent places of business. Pawnshops comply with all Federal (ATF) regulations as well as furnishing local law enforcement with information regarding every transaction. No other dealer does this. As registered licensed dealers, pawnshops comply with the 5-day waiting period and background checks required by the Brady Bill. Federal firearms regulations require an individual to be 21 years of age to purchase a handgun and 18 years of age to purchase a long gun. Pawnshops provide a unique public service by taking guns as collateral. They are the only business that actually takes guns out of circulation and keeps them locked up in secured vaults. There are an estimated 1.5 million secured firearms in pawn shop vaults across America.

Can someone else make a payment on my behalf & redeem my item?
Will I be informed about the expiry of the pawn contract?
How many items can I pawn at one time?
How is buying at a pawn shop better vs. buying at a retail store?
Why is pawning considered quick and convenient?
What are the steps involved in pawning?
Do pawn shops buy & sell stolen goods?
Can someone else make a payment on my behalf & redeem my item?

Yes, anyone can make a payment on your behalf, but only the original pledgee can collect the item.

Will I be informed about the expiry of the pawn contract?

Yes, all our clients are sent a courtesy reminder through a text or mail when the term has expired & you are in the grace period.

How many items can I pawn at one time?

You can pawn as many items as you wish and can borrow as much cash as you need.

How is buying at a pawn shop better vs. buying at a retail store?

As compared to retail stores, merchandise at pawn shops is sold at about one third or even half the price. Therefore, one can find great deals at pawn shops.

Why is pawning considered quick and convenient?

Pawning is the quickest & the easiest way to borrow money without having to go through burdensome credit checks & lengthy bank procedures and application processes. Pawning your items can get you cash within minutes.

What are the steps involved in pawning?
  • You walk into our pawn shop with your item(s)
  • Our experts do an on the spot appraisal
  • You produce a valid government issued photo ID proof
  • You sign the required documents
  • Walk out with instant cash
Do pawn shops buy & sell stolen goods?

No infact pawn shops are the most high-risk places to get rid of stolen merchandise. Pawnshops are highly regulated & we have to describe everything that is pawned or sold at our shops alongwith the customer’s identification in detail to the law enforcement.

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