What is pawn loan?
A pawn loan is also referred as a collateral loan. This is when money is lent in exchange for items of value. The item is returned when the loan agreement is paid-off by the borrower on the contract. An exception can be made when a legal document is presented such as a power of attorney or a notarized letter call or visit our store for more details.
How do you determine the price of gold?
we consider the jewelry items karat, condition, craftsmanship and resell market value.
Do most Express Pawn customers lose their merchandise?
Absolutely NOT! less than 8 out of 100 forfeit their loan.
What is the difference of an extension and a loan rewrite?
An extension is a courtesy 30-day grace period that we provide after the loan agreement due date (5th month). A loan rewrite is when the amount paid is only covering the interest of a loan contract (not the principal) if you chose to rewrite a loan, you’re paying the interest and initiating a new loan cycle for the same amount borrowed.
What does Express Pawn has to offer to military members and dependents?
Express pawn is a proud supporter of our USA Military and its branches. We provide a special interest rate according to the Military Lending Act. You may call or visit our store for details.
What item can be pawned?
We provide loans on just about everything! Including but not limited to these common items:
- Gold & diamond jewelry
- Silver, gold and silver coins
- Watches – designer brands and luxury watches
- Televisions (smart TVs)
- Designer handbags
- Laptops, tablets and all-in-one PCs (up to date electronics ‘modern)
- Cameras, lenses and camcorders Musical instruments
- Electronics – drones, GPS, iPods, etc
- Home audio and video – smart receivers, power amplifiers and Bluetooth surround system
- Power tools, hand tools, tool cabinets, ladders, etc.
- Car accessories – Bluetooth car stereo, power amps, subwoofers, auto testing equipment, etc.
- Lawn and Garden – mowers, trimmers, blowers, chainsaws, woodchippers, etc.
- Sports and Outdoor -fishing rods and reels, binoculars, bicycles etc
What's the difference between pawning and selling in a pawn store?
When you sell your pieces, it’s final; you have no choice of getting them back unless you buy them again if available. If you pawn them, you’re leaving them as collateral for a cash loan, and once you pay it back according to contract, you can redeem them with no problem.
Who can redeem my pawned items?
As per the contract, only the person who made the pawn in the first place can redeem.
Is there a procedure in which someone can redeem the items pawned under my name?
Yes, by means of a “limited power of attorney.” Please visit our stores to get more information.
How long do I have to redeem my items?
The contract term is for five months; there’s a 30 day grace period after mail notification.
How many times can I rewrite my pawn?
This is by our discretion; every loan is evaluated separately.
- If I have several items pawned, can I redeem one by one instead of all at the same time?
Yes, it’s your choice, as long as it’s within the loan period.
Can I ask less than what’s offered for my item?
Yes, you can, we will accommodate your needs.
What's the interest I’ll have to pay?
We’re regulated by the state of California legislated interest rates. As a promotion, our company offers the lowest interest, only 2% for the first 30 days
Can I make a payment through phone or mail?
We don’t provide this service for now, but we’re working on it.
Can I pay interest or principal owed with credit or debit card to redeem my items?
We only take cash or debit cards for this type of operation; we don’t accept credit cards for pawns or interest payments. We do accept credit cards for sales.
Do you take broken gold pieces?
Yes, you can pawn or sell them regardless of the condition.
How about the condition of tools and electronics?
All tools and electronics have to be in good working condition and not very old; it’s better to go to one of our stores and check on your specific item.
Do I have to be an adult to pawn or sell anything?
Have to be at least 18 years old with proper ID.
What types of ID do you take?
All-State and Federal government-issued ID’s, passports issued by the U.S. and other countries, Consulate registration, U.S. military ID’s.
What happens if the person who pawned the pieces or pieces dies?
Please contact our stores since every case is different.
Can I redeem my pieces any day of the week?
Yes, we’re open every day, except for January 1st, Labor Day, and Christmas day. For more information click here
Can I pay redeems or rewrites in any of your stores?
You have to make your payment at the store where the pawn was made, but we’re working on it.