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Pawn loans are a quick and easy way to borrow money
without a credit check or hassle. Loans are based on the value of
your collateral, not your credit rating or pay schedule. A
pawn loan will have a term length of 30 days, plus a 30-day
grace period. For a total of 60 says. If you cannot pay back
your pawn loan in full, including any applicable grace period, we
offer extensions/renewals to give you extra time. You may also
choose to surrender your collateral as payment in full. We provide
pawn loans on a variety of items, including gold and diamond
jewelry, electronics, musical instruments, tools, guns,
and more. Simply bring us an item of value, along with a valid
goverment photo ID and we’ll get you money in
minutes.
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What is an extension?
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If you are unable to pay back your pawn loan in full on
its default date, you may be able to get an extension on your pawn
loan, With an extension, you will be required to pay a a
single 30 day intrest payment to extend your loan out another
30 days.
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The majority of our customers repay their pawn loans
and pick up their merchandise. If a customer chooses not to repay
the pawn loan, the merchandise/collateral for the loan is
forfeited. We will also purchase items of value if you do not want
to get a pawn loan.
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We base pawn loan amounts on the value of your item—its
current appraised value, its current condition and our ability to
sell the item. We use all the research tools we have at our
disposal to determine an item’s value and get you the most money we
can. The appraisal process varies depending on the type of item—for
example, jewelry is evaluated differently than a DVD
player. We research and review items to ensure that our
pawn loan values are in line with the general marketplace for
pre-owned merchandise. To obtain the item’s retail value when
it was new, its pre-owned market value, and how to determine its
condition.
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The condition of an item is always taken into account
during the appraisal process for a pawn loan. If one 32-inch
television comes in that is in perfect condition and one 32-inch
television comes in with a crack in the case, we will loan more on
the TV that’s in better condition. When it’s general merchandise
you want to pawn, we test each item to ensure it is in good working
condition. This includes, but is not limited to, a visual
inspection, plugging an item in and turning it on, and noting if
any necessary accessories (such as remote controls) and manuals are
included. The better the condition of your item, the more money we
can loan you. This is true for any collateral.
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When jewelry is the collateral for a pawn loan, we test
the precious metals and diamonds to determine its worth. The
diamond testing includes a visual inspection using a jeweler’s
loupe, weighing the item, sizing (determining carat weight) any
stones, and noting the cut/color/clarity of each—you may know this
as the 4 Cs. In addition, we test the metal using a special acid
that determines the karat of gold. This is done to ensure a clean
test so there are no false readings on your item that may detract
from what we can loan you.
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The price of gold is based on market values, the price
for which is routinely reviewed and updated. Prices can vary
greatly as the loan amount for 24K gold is significantly higher
than that of 14K gold.
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Unfortunately, we cannot give quotes over the phone
because loan amounts vary greatly depending on the condition of an
item. For general merchandise, we test each item to ensure it is in
good working condition. This includes, but is not limited to, a
visual inspection, plugging an item in and turning it on, and
noting if any necessary accessories and manuals are included. The
better the condition of your item, the more money we can loan. And
for jewelry, we test to ensure diamonds and gold are genuine. This
testing includes a visual inspection using a jeweler’s loupe,
weighing the item, sizing (determining carat weight) any diamonds,
and noting the cut/color/clarity of each—you may know this as the 4
Cs. In addition, we test the metal using a special acid that
determines the karat of gold.
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While your item is in pawn, you still own it. It is our
responsibility to keep it safe and in good condition while it’s in
our care. When you give us an item for pawn, we keep all
accessories (remote controls, cables, etc.) with your item and
place it in a secure area. Your item is safely stored here until
you come back to pay your pawn loan in full and claim your
merchandise. All collateral items are fully insured for
the loan value at Cash Pawn And
Jewelry
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Yes. We accept firearms as collateral for pawn loans
and sell firearms. We are registered as a firearms dealer and must
comply with all federal regulations.
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Less than 1 percent of items are identified as stolen
goods. Pawnshops are actually the worst place to try and get rid of
stolen merchandise, despite what you see on television or in the
movies. Pawnshops are highly regulated, work very closely with
local and federal law enforcement officials, and train their staff
to be on the lookout for and identify stolen property. In addition,
Cash Pawn and Jewelry utilize an Internet-based
crime-fighting tool in which every pawn transaction is shared
with police departments nationwide on a daily basis.
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