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FAST PERSONAL CASH LOANS IN JUST A FEW MINUTES!
INSTANT CASH LOANS AS HIGH AS $1,000,000
Life is full of surprises but Florida Pawn will be there for you with its twist and turns. If you need cash and you want it fast, show your valuable items to us and we will offer CASH LOANS when you need it the most. We will give you the BEST OFFERS on your collateral and make sure you will not walk away empty-handed.
HOW DOES PAWNBROKING WORK?
A pawn is a security for a loan. Unlike traditional loans where banks give you cash by securing you a credit, a pawn is a loan that is secured through items with perceived value such as luxury handbags, jewelry, sunglasses, timepieces and so much more. During the loan period, your pawned items are kept safely and securely within the pawnshop. When the loan is due, you can either pay the entire loan amount plus interest and reclaim your item or pay off the interest to extend the loan period for another 30 days. It’s as easy as that!
Although some pawnshops specialise in certain items, we accept a wide range of items:
- Large Items - boats, cars, motorcycles, power tools, etc.
- Gold - antiques, coins, jewelry, watches, etc.
- Jewelry and diamonds - bracelets, engagement rings, necklaces, watches, etc.
- Electronics - cell phones, laptops, stereos, TVs, etc.
- Musical instruments - amplifiers, drums and percussion instruments, guitars, violins, etc.
- Other items - firearms, baseball cards, etc.
The value of your item will determine the loan. If you decide to pay back the loan before the due date, the item will be returned to you. You can also opt to surrender the item to us and keep the loan in full. Should you wish to extend or renew the loan period, all you need is to do is talk to us and pay off the interest (where permitted by state law).
At Florida Pawn, you do not need to settle for bad deals from unreliable and shady pawnshops. We have more than 10 years of experience in the industry and we know how to treat our customers right.
How do we make this possible? Do you want to become familiar with our pawning process? Read on and find out.
We are proud to tell you that we offer collateral loans with interest rates that are surprisingly low. We also specialize in short-term small loans.
This type of deal is possible because of your pawned items. They will serve as collateral and protection for us as lenders. If you choose to pay the loan amount, your item will be returned.
We are also capable of lending you bigger amounts of cash with more flexible loan periods at lower costs. If you wish to secure a short-term loan from us, you only need to pay the interest within the loan period. This type of loan is highly-regulated and the terms of this business transaction will be clearly stated in a contract that is regulated by the government.
So, if you want to secure a short-term loan and you are not qualified to get it from a credit union or bank, talk to us and see what we can offer!
As we have mentioned earlier, the pawnshop business is highly-regulated. In order to open a store and serve customers, pawnbrokers are required to comply with major laws such as the Bank Secrecy Act and IRS regulations (which requires us to report specific cash transactions), the Privacy provisions of the Gramm-Leach-Bliley Financial Services Modernization Act, the Trading with the Enemy Act (as well as related Executive regulations and orders), the Truth-in-Lending Act and the USA Patriot Act.
By now, you are probably wondering why you should go to a pawnbroker to get a loan. Unlike banks and credit unions, our loan process is quick, easy and confidential. The transaction can be completed without the need to run credit checks. There are no legal consequences if you fail to pay the loan on time or choose not to pay the loan at all. Your transaction with us will also not affect your credit score at all.
Due to the terms of pawning, we, as lenders, impose a discipline that borrowers, like you, need to comply with. Unlike other forms of loans, we do not cause customers to go bankrupt or overextend their credit.
The amount that will be loaned to you will depend on the item that you show to us. Due to state pawn laws, we need to set a maximum amount for the loan. As a general rule, we will inspect the condition, brand, desirability and value of your item in the market. The price that will be offered to you will vary from one pawnshop to another.
To appraise your item properly, the pawnbroker will thoroughly inspect your item and use research tools at their disposal. Doing this will ensure that the correct value will be determined and you will get the most out of your pawned item. The appraisal process will depend on the item you bring to us. For instance, a gold ring will be appraised differently from a laptop. All items will be tested for functionality before the terms of the loan are set.
We do not accept stolen goods. To make sure that our items on sale are credible, we require identification from the owner and complete description of the item. This information will be relayed to our law enforcement agencies. This system has dramatically decreased the likelihood of thieves bringing stolen merchandise to our store.
Pawnshops are highly-regulated businesses. In order to operate, we are required to follow all federal laws that govern our industry. Some of the federal laws that are applicable to us are the Equal Credit Opportunity Act, Data Privacy and Safeguard rules from the Federal Trade Commission, Patriot Act and Truth in Lending Act. Because we deal with firearms, we are also regulated by the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) and holders of Federal Firearms License as well.