A pawnshop is basically a retail store that is authorized to give short term cash loans, using your merchandise as collateral. Pawnshops offer a quick, convenient, and confidential way to borrow money. There is no credit check, and additionally no damage can be issued towards your personal credit history! Our customer would receive a percentage of retail price depending on such variables as age, condition, quality, and resalability of their merchandise. To redeem merchandise the customer must repay the principal borrowed plus a small service charge (ranging from 5%-20%). The loans may also be renewed if more time is needed to repay the loans, by paying the service charge prior to the loan expiration date (listed on front of pawn ticket).
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