What is a pawn shop?
A pawn shop is a place where people go to buy, sell, or get a loan against anything of value. You can sell your items, buy merchandise, or get a short-term loan against your item.
How do the loans work?
A “pawn” loan is where you borrow money against your collateral. You bring in your item., we assess it, give you a price for it, and if you agree, we write up a 90-day loan contract. You would then pay back the amount you borrowed plus interest charges within 90 days if you wanted your item back. If you can’t afford to pay the full amount to pick up your item, you can make just an interest payment, and your loan would be extended another 90-days. You can pick up your pawn whenever you want and you can extend your loan as many times as you want. If after 90-days you don’t pick it up or we receive no interest payment, we then take ownership of the item and are able to sell it.
Is there a credit check?
No credit check on any of our loans.
How much is the interest?
The state of Arizona has interest rates capped at 13% a month for the first 60 days and 11% for the last 30 days. Interest rates can be adjusted depending on certain factors like how much the loan is for, what the item is, what the loan to value is, etc. Talk to us…we’ll work something out.
What do I need to bring to get a loan or to sell?
You must be 18 years old and bring your valid government issued ID.
What if I can’t make it in on time to pay?
We know unexpected events happen…Just talk to us. If you know your going to be late – let us know. We’re more than happy to work with you.
Will my items be safe?
All smaller jewelry items are stored in our high security safe throughout the duration of the loan. Larger items are locked in our storage room and not touched. Our store is fully equipped with an alarm system that notifies Scottsdale Police Department, 24-hour security cameras, and is fully insured.