FAQs
how do you value my items?
Every item is evaluated individually, and the pawn or sell amount is determined based on the item’s desirability and fair market resale value.
What Is A Pawn Loan?
A pawn loan is a short term (30-60 days) collateral loan meaning we loan money (pawn) based on the items you bring us (collateral).
What kind of items do you buy?
We will purchase just about anything of value including electronics, jewelry, firearms, tools, video games, TVs, among many other things. Our offers are backed by research – particularly with vintage items. Generally, we do not purchase furniture and vehicles due to our limited space.
How can I make a payment?
You can make a payment 3 different ways:
1. In-Store: Come into either of our stores (regardless of where you initiated the pawn)
2. Phone: Call either store during business hours to make an interest only payment
3. MobilePawn: This is a mobile app that you can access your pawns to make an interest payment
When is my payment due?
Your payment is due 30 days from the day you took out the pawn – it can be paid in advance of the final “due date” or the day of. Those unable to make this timeframe can extend their loans with the original amount another 30 days with increased interest.
What happens if I can't make a payment?
Contact us as soon as possible. All pawns have a 30 day grace period from the due date for a total of 60 days to pay the pawn from the day you took it out. Sometimes arrangements can be made and we always aim to work with you – call us, chat through the MobilePawn app, or stop in the store.
Do you take late payments?
Yes, if you are past due on your loan please call the store, or come in as soon as you can so arrangements can be made if possible.
How do I create an account to pay online?
What is the limit of a pawn?
There is no limit to the amount or number of pawns you can receive. However, remember the amount of the pawn is based on the valuation of your item(s).
What documents do I need?
All you need is a valid Government ID which includes in or out of state drivers license/ID, active military ID card, or passport. We can usually take valid Foreign ID cards as well.
How long does the process typically take?
Will my item be safe if I pawn it?
We pride ourselves on care of our customers and their items. All pawns are securely kept in storage – untouched until redeemed by its owner. We have insurance for all our pawned items, 24/7 video monitoring, and a sophisticated alarm system directly connected to the police in the event of a break-in.
How much will it cost to get my pawn Pawn back?
We have 3 tiers of interest rates: loans $.01-$250 is 20% for 30 days, loans $250.01-$999.99 is calculated at 20% for the first $250 with an additional 10% for any amount above the initial $250, loans $1,000+ is 10% for the first 30 days. Please ask our associates for more details.
When I make a payment does it go towards paying off my pawn?
When you make an interest payment, it is only extending the due date of your existing pawn. You will still owe the inital amount that you borrowed when you go to redeem it.
How can I pay down my pawn (principle)?
To pay down on your pawn (principle) you must go to the store where it is pawned. You will have to pay all interest due before a principle payment can be applied. A new contract will need to be signed as well.
Have More Questions?
We would be happy to answer them! Just give either store a call: North College (970.493.9083) / South College (970.530.4620). Also, feel free to email us at: nathan@dailypawn.com