You can borrow money against jewelry, electronics, and power tools. Loans are based on a percentage of the value of your item. Your item can only be sold if it is forfeited and the interest charges are not paid.
You have the option to just pay the interest charges and renew your loan for another term. You have up to 6 months plus a 10-day grace period. Your collateral will be forfeited and could be sold. For other items, value is determined by average sold prices through online sources and in-store sellability. You leave an item as collateral, we offer a loan amount, and you have up to 6 months and a 10-day grace period to repay your loan amount, with additional interest and fees, to recover your item.įor jewelry, value is determined by current precious metal or diamond wholesale market prices. Visit one of our two locations today!Ī pawn is a collateral loan. At CashCo we work hard to prove stereotypes wrong with excellent customer service and a friendly professional environment. Its still a great option if you're down on your luck.Getting a short-term loan shouldn’t be an embarrassing experience. Shops have to let the item sit 7 days in a buy line before selling it.Ĭops came in once week to pick up all sell/pawn reports of transactions for the last 7 days.
The shops also can lose if the item is seized by police (if its reported stolen). So the money you hand out today, may not be recouped for 90 days (or later if you consider finding a buyer). I bought something for about 2/3 of its worth, but tried to pawn an item for 1/3. A shop gives you 3 months on pawn and the option to extend your time by just paying the $22.50.Īs a rule. Gold fluctuates, but for most customers the a ring is a lot less hassle to pawn.īorrowing 100$ (at least here in SC) is $22.50 interest (lowers the more you borrow). Gold or firearms for example don't really depreciate. I was a pawn broker for about 8 years and still pawn my own items if I find myself in a jam financially. Sometimes an extra 20 (think its 5$ interest) will get you gas till pay day. It also is quicker than obtaining a small loan at a bank. Its not necessarily a desperate loan, but the value of certain items never drop and the interest is much better than a check or title loan.
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