Pawns

Frequently asked questions

What is a Pawn Loan?


A pawn is a short term collateral loan. In GA, Pawn loans are 30 day periods with a 25% finance charge.




How does it work?


You bring us an item of value, we'll let you know what the loan value is of it, and we type up a contract for the loan.




What is required to make a pawn?


You must be at least 18 and have a valid government issue ID.




How much do you pay for items?


The amount we pay is based on a few factors. The retail value, age, and condition are all major factors in determining a price. The best way of assessing an item is for you to bring it to our store and let us take a look.




How much is my gold worth?


The price of gold is affected by few factors. The karat of gold, current spot price, and weight of your piece all determine the value. Bring your gold to us and we'll happily evaluate a price for you. Please refer to out Jewelry FAQ for more information on selling gold.




Is there a way to extend my loan?


Yes! By paying the finance charge listed on your ticket we will extend the loan for 30 more days past the current due date.




Is there a grace period?


Yes! We offer a 5 day grace period with no extra charges. Beyond that there are 5 more days before we can legally default the pawn.




Can I have more than one pawn with you guys?


Yes! You can have as many pawns as you would like.




How do you know things in your shop aren't stolen?


We report every transaction to the local authorities as well as actively trying to avoid taking items that are obveously stolen.




Can somebody else pickup my pawn?


Yes! But they are required to have the most current copy of the ticket for your pawn.




I'm past my due date, what can I do?


Give us a call immediately with your ticket in hand. We require the loan number over the phone and we can normally work out a later date for you to make a payment. This process unfortunately will not prevent further charges on late tickets.




I don't understand my ticket


We use a ticket that is complient with GA state pawn laws. As such the ticket have a lot of information and can seem very confusing. To put it in simple terms: -Your pawn is 30 days -Interest is charged at the beginning of each 30-day period -You have 10 days after the maturity date before we can default your loan -If you have made 3 payments then your interest is cut in half




Do I have to do a background check to get my pawned firearm back?


Yes! Since 1998 pawnbrokers have been required to run a background check for redemptions of all pawned firearms. Please refer to our Firearms FAQ for more information on background checks.




Can I make a pawn payment over the phone or online?


No, unfortunately we are only only accepting payments in store.