Need a Collateral Pawn Loan?
We offer pawn term arrangements as low as 35% APR Interest Rate on $20,000+ Pawns. The loan repayment is based on a 1, 2, or 3 month repayment period with no maximum repayment period.
What is a Pawn?
A pawn is a collateral short-term loan. You bring in an item, and leave it as collateral, we offer a dollar amount to loan, and a loan term with a 10-day grace period to repay your pawn (loan) amount. You can renew this loan as many times as you need and we will work with you during the process.
What Happens If I Don't Pay on a Pawn Loan?
We send text and phone call notifications when your pawn is due. We have an app that allows you to pay and monitor your pawn loan(s) and balance. If we do not hear back from you within a few days of your late notice, we will take possession and sell your item after the grace period.
If I don't Pay My Pawn, What Happens?
We will put your item up for sale, work with you on a layaway term or whole-sale to a dealer. This all depends on the item and your communication with us.
Do You Need Good Credit to Pawn?
No credit check is required.
What Items Can I Pawn?
We loan/pawn on any items with value, especially precious metals, diamonds, newer electronics, gaming system,s and tools. Please visit our "What We Accept Page" to learn more.
What are the interest charges?
We offer custom loan terms ranging from 2-20%. We DO NOT charge pawn ticket fees, or storage fees (unless larger vehicles needing stored off-site).
How do you determine the loan amount?
We will loan anywhere from $20 dollars to $500,000. Our professional team bases 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 amount of the loan offered is based on the wholesale, resale/secondhand value of the item, not the new price.
Do most customers lose their merchandise on pawn?
On average, 80%+ percent of all loans are repaid. Repeat customers make up much of our business. Some customers borrow against the same items regularly. If the borrower chooses not to repay the loan and interest charges, we must try to recover our investment from the item left in pawn. We prefer that customers return for their property.
Are pawn shops regulated?
Yes. States have regulated the pawn industry for decades. In addition, local authorities oversee licensing and regulation of most pawnbrokers. We are subject to laws such as Truth In Lending Act, Equal Credit Opportunity Act, Fair Credit Reporting Act, Patriot Act, and Federal Trade Commission Rules on Data Privacy and Security Transfer. At the federal level, regulatory authorities include the Federal Trade Commission (FTC), Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), and the Treasury Department.
Whether you want to sell, trade, or consign or get a Loan come on down to our Boise or Nampa Pawn Shop and let’s get started.