Frequently Asked Questions

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.

Customer Feedback

In the pawn shop world you deal with lots of shady characters who try to squeeze for all they can. Not at A & B. This is a family type of business where they really take care if you and actually build relationships with their customers. Highly recommended.​

Leo GoykhmanHappy Customer

I love this shop! I walked in and the owner was very friendly and very reasonable. Its a warm and clean place. The owner is very professional and very fair. I highly recommend this shop to all my family and friends. And he has 2 adorable pitbulls who stole my heart Buddy and Nico! They are worth coming in to the shop to just see them.

Denise BrownHappy Customer

A & B, the staff are fabulous and make you feel like family. I have done business with then few times and every time is a great experience with understanding people. They will never do you wrong! =)

Teresa AzadHappy Customer

Incredibly friendly and service oriented! Do everything to satisfy his customers. I definitely recommend this place!

Valerie GoninHappy customer

I recently found this gem and was super pleased with the whole experience. The owner and his wife were super cool. Very welcoming and friendly. But more importantly i got a great deal on the items i brought to sell. Definitely will be coming back.

Jane KangHappy Customer

Very understanding, great place. Nice people. They give good money. I totally recommend this pawn shop.

Cheyenne SelkirkHappy Customer

I came into the store which is very well organized and not over crowded with stuff. The store itself is clean and the workers were very friendly and accommodating. Helped us out with a good conversation and great customer service. And a big plus, they have two adorable pit bulls as well.

Patrick WilliamsHappy Customer

I have done business at A&B Jewelry and Loan twice and both experiences have been great. The two employees working there are friendly and helpful in explaining how they go about making you an offer on your items. would recommend them to anybody who needs some extra cash in their pocket or is looking to sell some items at a fair price.

Nevets CookHappy Customer

I have dealt with a few pawn shops over the years and A & B Jewelry and Loan is bar none one of the best. They are extremely friendly and helpful and always go to every length possible to help with what I need or help find what I'm looking for. Two of my favorite employees are Buddy and Neeko who are always there to greet me and are happier than most to see me! They are extremely fair - and I am ALWAYS **VERY** happy with my experiences with them. I can't say enough good things about A & B! EXCELLENT CUSTOMER SERVICE!

Renée LucasHappy Customer

This is by far one of the best pawn shops I've been to in the city of Chicago. All employees are very professional and helpful. They have a great selection of unique items that I enjoy coming in to check out regularly. I highly recommend coming in to check them out!

Jimmy S.Happy Customer

3 years ago- A & B Jewelry always give me the best prices on what I bring in to loan or sell. Really clean place, cool employees, a lot of nice stuff. If you need something at a good price, go there!

Hector VazquezHappy Customer

Great customer service and a large selection of things to choose from. Came in to get my watch fixed and they were very quick about fixing it. A+

Adam WeinsteinHappy Customer

The staff is very friendly and great to work with when you in a jam. The store is located in a nice area and clean as a whistle. I have used other shops but there is no comparison.

Larry BurnsHappy Customer

Nice shop and open when you need them to be open!! Gave me a very fair loan for the old items I had. No problems like the other shops I've been to, polite, and genuine! Good experience!!!

Rafael QuinonesHappy Customer

A&B has gotta be the best place I've been to sell,they give very good customer service,great place to go if your trying to sell anything best prices highly recommend.

Carlos OrozcoHappy Customer

If you are looking for a good pawnshop around Skokie and Evanston, go to A & B Jewelry and Loan. I have gone to different pawn shop to pawn a couple of jewelry. All i can say is that the People in this shop, is very helpful and courteous in every way you can imagine they will make you feel comfortable and explain everything you need or if you have question that you want to ask. Not unlike those other pawnshop that I've been before.

Gyl OrtineroHappy Customer

The workers are very helpful, friendly and always polite. They go above and beyond their duty to help people. I recommend A&B to any and everyone.

Sylvester BoykinHappy Customer