A pawnshop is a retail store authorized to provide small loans using personal merchandise as collateral. You can also sell or trade items for cash or store credit.

Why would a person use a pawnshop for a loan?

Pawnshops offer a quick, confidential way to borrow money based solely on the value of the collateral without any credit checks.

How does a pawn loan work?

Loans are based on the value of your collateral rather than credit ratings. Typical pawn loans are around $80, but can be higher depending on item value.

What are the requirements to obtain a pawn loan?

You must be at least 19 years old and have a valid photo ID. Just bring an item of value for appraisal.

What are the charges/interest on a pawn loan?

Interest rates are regulated by the state of Alabama, with a maximum of 25% charged per month.

How do you determine the value of my collateral?

Value is based on the item's current appraised condition and marketability, utilizing various appraisal techniques.

Are pawnshops regulated?

Yes, pawnshops are regulated by state laws and federal regulations, ensuring compliance in transactions.

Can I buy/sell/pawn a gun?

Yes, guns can be pawned or sold at our shop, following Alabama state laws regarding age verification and background checks.

What do I need to apply for a title loan?

You need to be at least 18 years old, own a drivable vehicle, and hold a lien-free car title with your name listed as the legal owner.

Can I keep my vehicle during the loan?

Yes, you can retain the use of your vehicle during the loan period.

How quickly will I receive my loan funds?

Most applicants receive their loan funds within a day of applying.

What if I have bad credit? Can I still qualify?

Yes, since the loan is secured by your vehicle title, poor credit history won't disqualify you.

PawnShopz | Discover pawn shops in Alabama, Mobile

pawn shops in Alabama, Mobile

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Opens in 3 hours ⌁ 22.5km

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