Q: What is the interest rate on a pawn loan?
A: Our interest rates start at 5%.
Q: What happens if I'm late making an interest payment?
A: You have 30 days from the day you take out the loan. If you miss a payment or can't pay, please call us at (561) 774-9292 — we don't want you to lose your item! If you're late, the interest automatically rolls into the next month, so you'll owe for two months.
Q: Can I sell my item instead of pawning it?
A: It depends. Our loans start at $200, so if your item is worth less than that, selling is your only option.
Q: What's the difference between pawning and selling?
A: Pawning — hand your item over as collateral for a loan that accrues interest over 30 days. Keep paying the interest until you can repay the loan, then regain ownership and walk away with your item. Selling — exchange your item for cash and never see it again. You'll usually receive more money when you sell.
Q: Do you have Lay-A-Way?
A: Yes! You may reserve any item we sell online or in store.
- A down payment is required, normally 25% of the purchase price.
- Payment terms are negotiated at the time of purchase.
- Payments can't be made after a 60-day period, or it's considered non-payment.
- After 60 days of non-payment, you forfeit the Lay-A-Way and any payments made, including the down payment.