How does a pawn loan work?

Pawn loans are quick and easy short-term loans based on the value of your collateral rather than your credit score. The standard term is 30 days, with an option for a 30-day grace period.

Is my bank information required to take out a pawn loan?

No, only your driver's license information is required.

Will defaulting on a pawn loan affect my credit?

No, we do not report to credit bureaus and do not require your social security number.

What is the minimum age required to pawn merchandise?

You must be at least 18 years old and present legal identification.

What types of items can I use to get a pawn loan?

We accept most valuable merchandise, including guns, gold, jewelry, electronics, musical instruments, and tools.

Yes, firearms can be used as collateral for pawn loans.

Can I sell my item instead of taking out a loan?

Yes, if you do not plan to reclaim your merchandise, selling it to us is an option.

Which gets me more money, pawning or selling?

The value is generally the same for both options.

How much are the interest charges?

Interest rates vary depending on the amount borrowed but are usually lower than bank overdraft fees.

A renewal allows you to extend your loan by paying the interest that has accrued, resetting the due date without changing the principal amount.

Will I lose my merchandise?

Most customers repay their loans and retrieve their items; however, if you choose not to repay, the collateral is forfeited.

How do you determine an item's value?

Valuation is based on the item's appraised worth, condition, and marketability.

Can you give a quote on an item over the phone?

No, quotes cannot be provided over the phone as they depend significantly on the item's condition.

Is my collateral safe while in pawn?

Yes, your items are stored safely and remain your property while in our care.

Are pawnshops regulated?

Yes, pawnshops are subject to state regulations and must comply with federal laws.

PawnShopz | Discover pawn shops in Decatur, Wise County

pawn shops in Decatur, Wise County

2K Pawn & Gun

phone language pawn shop

Open until 6:00 PM ⌁

11 years in business

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pawn shops in Decatur, Wise County

2K Pawn & Gun

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