Pawning is an extremely convenient way of borrowing cash without losing your items. A pawn loan, also known as a collateral loan, involves exchanging an item of value for cash. The pawnbroker keeps the item secured until the loan is paid off or defaults.

Which all items does your pawn shop take?

You can pawn or sell items with resale value, such as gold, silver, diamonds, old and broken jewelry, coins, electronics, power tools, musical instruments, vehicles, and more.

How is the value of an item determined?

The item's worth is assessed based on its condition, in-store salability, available documentation, and current market prices for precious metals.

What is the maximum duration of the loan?

Pawn loans in Bristol have a duration of 30 days with an additional 30-day grace period.

What happens if I don’t pay back the loan on time?

You can renew the loan for another term by paying the interest charges. If you do not wish to redeem your item, you won’t need to take any action; the item will be forfeited and placed for sale.

Do customers lose their items when they pawn them?

No, items are only sold if the customer fails to renew the loan or if the loan defaults.

What if I have a poor credit rating, can I still pawn an item?

Yes, you can always pawn an item regardless of your credit rating, as pawn shops do not run credit checks.

Can someone else make payments for my loan & collect my item?

Yes, anyone can make payments for your loan, but only the original loan holder can collect the item unless arrangements are made.

How can I pay for my loan? Can I use a credit/debit card?

Debit cards can be used to pay for pawn loans; however, for purchases at the store, both credit and debit cards are accepted.

Are my items safe while in pawn?

Yes, you retain ownership of the item while it is in pawn, and it's the shop's responsibility to keep it safe and fully insured.

Who is eligible to get a loan?

Any individual over 18 years of age with a valid government-issued photo ID can pawn items.

Why should one get a pawn loan?

Pawning is a quick and easy way to borrow money without the need for credit checks and lengthy application processes.

Do pawn shops sell stolen property?

No, pawn shops implement measures to avoid receiving stolen items and report all transactions to law enforcement.

PawnShopz | Discover pawn shops in Connecticut, Bristol

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