Who is the typical Pawn Customer?

The typical pawn customer is usually around 36 years old with a household income of $29,000. Generally, 80% are employed, 82% hold a high school diploma or GED, and 33% are homeowners. Many customers borrow only twice a year to cover unexpected expenses.

Do most pawn customers lose their merchandise?

On average, 80% of pawn loans are repaid, with a significant percentage of customers returning for repeat business. Customers often borrow against items like jewelry, lawn mowers, and electronics.

How can I be sure the merchandise at a pawn shop isn't stolen?

Less than half a percent of pawned items are identified as stolen. Pawn shops require positive identification and detailed descriptions of items, reporting this information to law enforcement daily.

Are Pawnshops regulated?

Yes, pawnbrokers are governed by major federal laws applicable to financial institutions, including the Patriot Act and the Truth in Lending Act. Additional regulations may be imposed by local governments.

How much should I expect for a loan on my item?

Loan amounts depend on the item's value, age, condition, and demand. Typically, loans are for a quarter to a third of the item's current value.

Why would someone use a pawn broker?

Pawn brokers offer quick, confidential loans without credit checks, making them an accessible option for immediate cash needs.

How does a pawn work?

A pawn is a type of collateral loan where pawnbrokers lend money based on the value of items like jewelry and electronics. When the loan is repaid, the item is returned to the customer.

What types of items do you pawn?

We accept most household items and specialize in gold, diamond jewelry, and electronics.

How does the layaway program work?

You can hold any item you want for 90 days by putting down 25% of the item's price.

Do you buy items that are not jewelry?

Yes, we purchase various items including electronics, musical instruments, and more.

What types of items can I pawn?

We accept a variety of items, including gold and diamond jewelry, guns, TVs, vehicles, and commercial lawn equipment.

What are your business hours?

We are open Monday to Friday from 10:00 AM to 5:00 PM and closed on Saturdays and Sundays.

Do you offer layaway options?

Yes, we provide Easy Layaway options for guns and gold purchases.

What types of loans can I apply for?

You can apply for various types of personal loans including debt consolidation loans, auto repair loans, auto-secured loans, furniture loans, appliance loans, travel loans, and holiday loans.

How do I prequalify for a personal loan?

You can prequalify for a personal loan online in just minutes by clicking the 'Prequalify Now' button, or by visiting a local branch.

Do I need perfect credit to get a personal loan?

No, you do not need perfect credit to get a personal loan with Buckley Microfinance. We offer prequalification that allows you to see your options.

How can I contact Buckley Microfinance with questions?

You can contact us through our 'Contact Us' form, call our branch at (501) 208-8709, or visit any of our local branches.

What are the interest rates on personal loans?

Interest rates on personal loans can vary, and our loan specialists can help explain the rates and terms during the application process.

PawnShopz | Discover pawn shops in Little Rock, Pulaski County

pawn shops in Little Rock, Pulaski County

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Buckley Microfinance

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At Buckley Microfinance, we help har..

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