Pawning an item simply means receiving a collateral loan on a valuable piece of merchandise. In the State of Florida, the loan is valid for 30 days. A pawn transaction is a perfect solution to acquiring quick cash with no credit needed. Getting a loan on an item is not only a great way to get cash but can also be useful to keep your merchandise in a safe location while out of town. When in need of cash, pawning valuables is the perfect solution.
HOW IT WORKS:
- Bring in an item of value:
- Choose an item that holds significant value and bring it to any of our locations. Examples include jewelry, gold and silver coins, electronics, musical instruments, firearms and more.
- Present a valid ID:
- You will need to show a valid state or federal picture ID, such as a driver’s license or passport to confirm your identity.
- Agree upon a loan value:
- The pawnbroker will assess the value of your item and propose a loan amount. You will then negotiate and agree upon the final loan value.
- Sign and Fingerprint your loan contract:
- After reaching an agreement on the loan value, you will sign a loan contract and provide your signature and fingerprint for record-keeping purposes as required by Florida state law.
- Receive Your Cash:
- Once the paperwork is complete, you will immediately receive the agreed-upon loan amount in cash. For very large loans we may require an appointment and payment method via check.
- Safe Storage:
- The pawnbroker will securely package and store your item for the duration of the loan period, which is 30 days.
- Repay and retrieve your items:
- Within the 30-day loan period, you have the option to retrieve your item by repaying the principal amount (the loaned amount) plus the agreed-upon interest. If you cannot repay the loan in full within the 30 days or wish to extend the loan period, you can pay just the interest due to extend the loan for another 30 days. This way, your valuable item will remain safely stored until you are ready to repay the loan and retrieve it. You are permitted to pay interest only to keep your loan active for as long as you want.
