HOW PAWN LOANS WORK

What is a Pawn Loan?

A pawn loan is a secured type of loan where you use a valuable item as collateral to borrow money.

At PawnMore we make the process as easy as possible for you. Our friendly experts are here to help! Here's how the process works:

1. BRING IN AN ITEM OF VALUE

PawnMore offers pawn loans on many items of value. From jewelry and electronics, to larger items like zero-turn mowers and dirt bikes. We've got you covered. You can view a full list of what we buy here.

2. EVALUATION

Our friendly pawn experts have the ability to assess the value of your items in just minutes. We offer competitive prices for your valuables!

3. PAWN LOAN TERMS

Pawn loan terms differ at each location due to state regulations. But when you bring an item in, you'll receive a pawn ticket that includes details of your pawn loan, including: amount borrowed, interest rate, description of the item, and the maturity date (deadline for repaying the loan). Click here to find a store near you!

4. REDEMPTION

If you repay the pawn loan and the amount borrowed (plus interest & fees) by the maturity date, you can redeem your item. Easy peasy!

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What if I can't pay by the maturity date?

If you cannot repay your loan by the maturity date, we offer two options!

EXTENSION/RENEWAL

PawnMore understands that the items you bring to us to pawn mean more to you than most anyone else. If you're unable to repay the pawn loan by the maturity date, you can pay the interest due to refinance. This will extend that maturity date so that you can redeem at a later date!

DEFAULT

It is extremely important to note that pawn loans are non-recourse. If you cannot repay the pawn loan, it does not affect your credit score in any way, nor can we pursue legal action to collect any remaining debt after selling the collateral.