Anything that has a resale value can be pawned like – gold, silver and diamond jewelry; luxury watches; designer handbags, electronics like TV, music systems, mobile phones, play stations, cameras, laptops etc; vehicles; paintings & art works; sports equipment, power tools, etc
Yes as precious metals are still worth something depending upon the prevailing market rates.
The value of jewelry items is deduced through the current precious metal or diamond wholesale market prices. The evaluation of other items is done by their average online sale price and in-store salability.
You have the option to just pay the interest charges & renew your loan for another term. Kindly visit us for more information about renewals.
We at Allied Pawn do our best to inform you about the expiry of the loan & so you can always renew it. But in case you don’t want to pay and redeem your item, you are not required to do anything else, in which case our pawn shop will take legal possession of the item and will put the item up for sale.
No, the ownership of your item remains with you until the loan defaults. Items are placed for sale only after you fail to reclaim the item or renew the loan at the end of the contract period.
No, pawn loans are secured by the collateral items you bring & not your credit history.
Someone else can pay for your loan, but only the original pledgee can collect the item.
No, since loans are based on a percentage of the collateral item you bring. However some restrictions may apply, please contact us for further details.
Yes, we usually send a text notice when the contract has lapsed.
Yes every transaction is completely safe and confidential, & moreover pawn shops are regulated on a local, state and federal level.
Pawn shops are governed by institutions such as the local city ordinances and several state and federal laws. For Active Duty members of the military and their dependents the rates can be as low as 3% per month. We also have special interest rate programs for clients needing loans over $1000. Interest rates for pawn loans are usually lower than personal loans, payday loans, bank overdraft fee, & late credit card fee. It’s our goal to keep the interest rates low & competitive, therefore pawning with us is a smart and affordable option when you are in need of quick cash.
Yes indeed, at pawn shops you get merchandise at about 1/3rd or even half the prices as compared to the retail stores.
Procuring a pawn loan is the best way to meet short term monetary requirements & it has no legal proceedings involved. A pawn ticket is given to the customer that carries complete information regarding the pawn contract including the customer’s personal information, date of agreement, description of the item, total amount of the loan and rate of interest.
- Bring us your item and tell us how much you want to borrow.
- Our pawn broker will do an on the spot appraisal & will tell you about the allowable loan amount (which is a percentage of the value that the item is expected to bring in a sale).
- Present a valid government issued photo ID.
- Sign the required documents & collect your cash.
No, pawn shop are highly regulated & work very closely with the local, state and federal law enforcement. Every transaction is recorded and reported daily to a nationwide electronic law-enforcement database. Moreover our staff is trained to screen out suspicious merchandise and will report all suspicious activity to law enforcement immediately. National statistics show that less than 1% of items that are stolen turn up in pawn shops, and due to electronic reporting anyone attempting to sell a pawn shop stolen merchandise will be caught and prosecuted.