Frequently Asked Questions
Pawn loans are a quick and easy way to borrow money without a credit check. Loans are based on the value of your collateral, not your credit rating or pay schedule. A typical pawn loan have a term length of 30 days/one month, plus a 30-day/one month grace period. If you cannot pay back your loan in full, including any applicable grace period, we offer extensions/renewals to give you extra time. You may also choose to surrender your collateral as payment in full.
We loan on a variety of items, including gold and diamond jewelry, electronics, musical instruments, tools, and more. Simply bring us an item of value, along with a valid photo ID and we’ll get you money in minutes after your loan is approved.
If you are unable to pay back your loan in full on its due date, you can get an extension on your loan. With an extension, you will be required to pay a portion or full interest owed and will be given a new due day.
If you are unable to pay back your loan in full on its due date, you may get a renewal, if permitted by state law. With a renewal, you pay the interest that has accrued on your loan in full, and a new loan is written. The principal loan amount remains the same, as does the interest rate, but the due date is reset for the full loan term.
The majority of our customers repay their pawn loans and pick up their merchandise. If a customer chooses not to repay the loan, the merchandise/collateral for the loan is forfeited.
Yes. All pawnbrokers are required to be licensed by the state of Illinois as well as, by the municipality they operate in.
Yes. We are a family owned and operated pawn shop and therefore are able to be more flexible with our loans, purchase amounts, finance charges and terms of your contract.