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.
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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.
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.
Pawn loans in Bristol are of 30 days with an additional 30 day grace period.
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.
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.
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.
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.
Only debit cards can be used to pay for pawn loans, however for purchases at our store you can use both credit/debit cards.
Yes, when a customer is in their grace period, we send courtesy reminders through text or mail.
You can have as many pawn loans as you wish since each loan is independently secured against the item that you 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.
Any individual above 18 years of age who has a valid govt. issued photo id proof can pawn.
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.
- 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
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.