If you are approved, then your refund will be processed, and a credit will automatically be applied to the original method of payment. Pawn1 deals in new and used merchandise. All used merchandise is cleaned, refurbished and inspected for quality. All items sold through Pawn 1 are guaranteed genuine unless stated otherwise.
Full Answer
How do I get a loan from pawn 1?
A To receive pawn loan, a customer and Pawn 1 will agree on an item’s value, and the item will be left with us as collateral in exchange for a short-term cash loan. Simply put, leave your item with us until it’s time to come back, repay the loan, and collect your item.
How does pawn 1 store items?
A Be assured that Pawn 1 has a state-of-the-art alarm and video surveillance system in place 24 hours a day, 7 days a week. Jewelry items are locked in our safes until customers redeem them. All other items are stored in our safe, secure, climate-controlled warehouses.
What is pawn 1's security system like?
A Be assured that Pawn 1 has a state-of-the-art alarm and video surveillance system in place 24 hours a day, 7 days a week. Jewelry items are locked in our safes until customers redeem them.
What is the difference between pawning and selling an item?
A Pawning an item means that you are using your item as collateral to secure a loan. After appraising the value of your item, the pawnbroker will work with you to determine the loan amount. Selling an item at a pawnshop is simply that: selling an item to the pawnbroker. Q What is a renewal/rewrite?
What is a pawn loan?
Where are Pawn 1 jewelry items stored?
How long is a layaway?
Can a pawn loan be used as a title?
Can I return something to a pawn shop?
Keep in mind that most pawn shops have a “no cash back” policy. If you do have to return something, you'll probably only get back the money you spent in the form of a credit that can be used at that store only. Most pawn shops also have very limited return policies.
Can I pawn something and not get it back?
The borrower may repay the pawn loan to retrieve the item, pay the interest to renew the loan for another 30 days and keep the account active, or choose to keep the borrowed money by not paying back the loan at all and therefore forfeit the pawned item.
What is a return policy for Pawn America?
Product Guarantee and Return Policy If for any reason you are not satisfied, we offer a 10-day money back guarantee (unless the product is noted “As Is” or “For Parts” or “Not Working”) from date of purchase for in-store pick-up orders and 15-day money-back guarantee from date of purchase on shipped orders.
How much do you pay back on a pawn?
In return, the pawnbroker typically lends you approximately 25% to 60% of the item's resale value. The average amount of a pawn shop loan is about $75–$100. You're given a short time, typically a few months, to repay the loan and are charged interest, often at a very high rate.
How long can you keep something in pawn?
You may redeem your item with associated inter- est up to 30 days after the due date. Sometimes, pawnbrokers may agree to “hold” an item longer for you, but agreements should be obtained in writing. Otherwise, after the last day of grace your item becomes the property of the pawn- broker.
Do I get more money if I pawn or sell?
Getting the Most Money when Selling or Pawning Your Items Often, you can get more money for your item by selling it. However, with a pawn loan, you can get the money you need, and you still get to keep your item.
Does Pawn America have a grace period?
We try to make the pawning process as easy as possible. If you decide to pawn your item, you will be given a term length (subject to individual state laws; usually 30 days plus a 30 day grace period) to return and pay back your pawn loan.
Can you pawn the same item twice?
Yes, they will. In fact, there are many benefits to a pawn shop when a person brings in the same item again.
Does Cash America do returns?
Consumers who haven't received a refund can apply through the Cash America refund site or by calling Cash America at 1-877-524-8480. The deadline is May 19, 2014. If you experience a snag with a refund or have a payday lending complaint, contact the bureau at 1-855-411-2372.
Do pawn loans affect credit?
The short answer is no! A pawn loan will not improve your credit score, however, it also won't negatively affect it. Pawn loans utilize collateral in exchange for a monetary loan. You can take your item/items to your local pawn shop where the pawnbroker will offer you an amount to pawn your item for.
What are two advantages of pawn loans?
When it comes to securing some quick cash for emergency expenses, pawn shop cash advances have a few real advantages over other small-dollar loans.No credit check, no credit worries. ... Relatively lower interest rates. ... Get in, get cash, get out. ... Revving up the debt cycle. ... Those interest rates are still super high.More items...
What will a pawn shop not buy?
Pawn shops usually will not accept items that are clearly replicas (such as fake designer purses). They also do not typically accept clothing or books, unless they are very valuable, such as a first edition or signed copy of a popular book. Items should be in full working order when you bring them to be pawned.
What happens when I pawn an item?
You bring in an item to a pawnshop, and the pawnbroker will offer you a short-term loan based on the item's value. If you pay off your loan in time, you get your item back. If you don't pay the loan in time, the pawnshop is free to sell your item. You can also sell your items outright.
Can I pawn something if I already have something pawned?
Yes, they will. In fact, there are many benefits to a pawn shop when a person brings in the same item again.
What happens if a pawn shop lost my stuff?
If a pawnshop is negligent in losing or allowing the property to be stolen by a third person, then it is liable to the customer who gave the property to the pawn shop owner, if they want to pay off the loan and get their property back.
How does a pawnbroker work?
If you pawn an item, you give it to a pawnbroker as collateral in order to obtain a loan. If you can't make the agreed repayments, the pawnbroker you've borrowed from will keep the item to cover their costs. This means whatever you pawn must be worth at least the amount you're looking to borrow.
Where is Pawn 1 located?
Based in Spokane, Washington, Pawn 1, Inc. is a privately owned pawnshop chain that offers pawn/collateral lending and retailing of quality new and pre-owned merchandise. We are a specialty finance and retail enterprise, with the largest number of pawnshops in our market area.
What is the growth of Pawn 1?
Growth. In order for Pawn 1, Inc. to grow, it is imperative that the same focus is given to internal growth and the growth of individuals within our organization. This will encourage evolution, progressive development, and expansion for all involved. Leadership.
Where was Mark Lax's first pawnshop?
History. On October 4th, 1979, Mark Lax opened his first pawnshop in downtown Spokane, Washington. Over the next 15 years, he opened 2 more pawnshops in the Valley of Spokane (1983), and North Division (1993).
Shipping
1st United Pawn & Loan currently ships throughout the contiguous United States and internationally through FEDEX and the United States Postal Service.
Returns
1st United Pawn & Loan backs everything it sells with a 14-day satisfaction guarantee, so you can buy with confidence. If, for any reason, within 14 days you need to return your merchandise, please call (215) 468-4200 and refer to your payment confirmation code.
Online and In-Store Pick Up
Buy Online - In Store Pick Up: For your security and protection of the items you purchased, please bring your Photo ID (State Issued Photo ID or Passport) and the Credit Card used to make the purchase, along with your order confirmation email with you to the store.
Product Guarantee and Return Policy
Your satisfaction is our primary goal! If for any reason you are not satisfied, we offer a 10-day money back guarantee (unless the product is noted “As Is” or “For Parts” or “Not Working”) from date of purchase for in-store pick-up orders and 15-day money-back guarantee from date of purchase on shipped orders.
What is a pawn loan?
Q What is a pawn? A To receive pawn loan, a customer and Pawn 1 will agree on an item’s value, and the item will be left with us as collateral in exchange for a short-term cash loan. Simply put, leave your item with us until it’s time to come back, repay the loan, and collect your item.
Where are Pawn 1 jewelry items stored?
Jewelry items are locked in our safes until customers redeem them. All other items are stored in our safe, secure, climate-controlled warehouses. Also, all Pawn 1 employees must pass a background check and we also insure all items to further protect our customers from loss or damage.
How long is a layaway?
A We sure do. Layaway terms for most items are for 90 days and require a minimum down payment of 20% of the sticker price.
Can a pawn loan be used as a title?
A Yes, a pawn/loan is favorable over a title or payday loan. If a pawn/loan expires it simply switches from a loan to an inventory item at our stores, eventually to be sold to compensate for the loan. If a title or payday loan becomes due without payment, it can and will affect your credit score.
