Pawn shops make loans on things of value. The value of an item is what it will sell for in todays market.
We loan cash on items that have resale value. The customer brings in an item, and once we determine the value (if any), we then decide the amount of the loan. The loan value is based on a percentage of what the realistic resale price would be today.
Any item that we loan you cash on is used to secure the loan. It is a 30 day loan, that is due with interest, at the end of the 30 days. From the 31st day to the 60th day, items are subject to intrest compounded daily. Items not paid on at the end of the 60 days are in default, and become the property of the pawn shop. Items in pawn, where interest payments are maintained on the prescribed schedule, can be redeemed when the loan repayment is made in full.
These guidelines are regulated by the State of Alabama Banking Department and are subject to those rules and regulations. They can change without notice and are subject to the laws of the State of Alabama.
Please feel free to call! We are more than willing to help guide you through the process.
NO STOLEN ITEMS! We work closely with local and state law enforcement, and will prosecute those who do not follow the rules.
We do not deal in firearms of any type. Thank you for your consideration, we will be more than happy to suggest local shops that can help you.