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What is a Pawning?
Which all items does your pawn shop take?
How is the value of an item determined?
What is the maximum duration of the loan?
What happens if I don’t pay back the loan on time?
Do customers lose their items when they pawn them?
What if I have a poor credit rating, can I still pawn an item?
Can someone else make payments for my loan & collect my item?
What is a Pawning?

Pawning is an extremely convenient way of borrowing cash without losing your items. A pawn loan also known as a collateral loan is when you exchange an item of value for cash. The pawnbroker stores the item in a secured vault until the customer pays off the loan as per the contract, or the pawn contract defaults.

Which all items does your pawn shop take?

You can pawn or sell anything that have a resale value like gold, silver, diamonds, old and broken jewelry, coins, bullion, electronics, watches, power tools, handbags, musical instruments, cars, trucks, motorcycles, ATVs, trailers, etc.

How is the value of an item determined?

The item’s worth depends on their current condition, in-store salability, available documentation etc. The value of precious metals depends upon the current market price.

What is the maximum duration of the loan?

Pawn loans in Bristol are of 30 days with an additional 30 day grace period.

What happens if I don’t pay back the loan on time?

You can always renew the loan for another term by simply paying the interest charges. But in case you don’t want to redeem your merchandise, you are not required to do anything else in which case we will forfeit the item & will place it for sale. No bad credit or debt collection for you & you can continue to borrow money from us.

Do customers lose their items when they pawn them?

No, the pawn shop places an item for sale only when the customer fails to either renew the term by paying the interest or the loan defaults.

What if I have a poor credit rating, can I still pawn an item?

Yes you can always pawn an item regardless of your credit rating. Pawn shops don’t run credit checks as the loan is secured by your item.

Can someone else make payments for my loan & collect my item?

Yes, anyone can make a payment for your loan, however if the original loan holder is not present at the time of final payment, a receipt of payment is issued for later collection of the item, therefore only the original loan holder can pick the item.

How can I pay for my loan? Can I use a credit/debit card?
Do you inform your customers about the loan expiry?
How many items can I pawn & how much can I borrow?
Are my items safe while in pawn?
Who is eligible to get a loan?
Why should one get a pawn loan?
What are the steps involved in pawning?
Do pawn shops sell stolen property?
How can I pay for my loan? Can I use a credit/debit card?

Only debit cards can be used to pay for pawn loans, however for purchases at our store you can use both credit/debit cards.

Do you inform your customers about the loan expiry?

Yes, when a customer is in their grace period, we send courtesy reminders through text or mail.

How many items can I pawn & how much can I borrow?

You can have as many pawn loans as you wish since each loan is independently secured against the item that you pawn.

Are my items safe while in pawn?

You still own the item while it is in pawn, and therefore it is our responsibility to keep it absolutely safe. Moreover, we are fully insured for the loan value of the collateral we keep.

Who is eligible to get a loan?

Any individual above 18 years of age who has a valid govt. issued photo id proof can pawn.

Why should one get a pawn loan?

Pawning is an extremely convenient and easy way of borrowing money without worrying of credit checks & reporting to credit agencies. Moreover it takes minutes to pawn an item unlike lengthy bank loan procedures.

What are the steps involved in pawning?
  • You bring in an item
  • We do a free appraisal of the item
  • You present a valid photo ID
  • Sign the required documents & walk out with cash
Do pawn shops sell stolen property?

No, in fact pawnshops deploy several proprietary measures to minimize the chances of receiving items that don’t belong to the person bringing them in. Pawn shops also collect signatures, fingerprints, & video records of every customer who pawns or sells & every transaction is reported to local law enforcement agencies.

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