When you pawn an item, you are pledging it against the money we give you. For the sake of the readers, versus the visual learners, an example is in order……
Say, for example, we loan you $50.00
We charge 21% interest each month.
So, if you pick up your item within 30 days, it will cost you $60.50 to take it home with you……… Not too shabby.
If, after 90 days, you pay nothing, the item becomes ours to sell to someone else. (Don’t stress out. We try to remind you by postcard or phone call. A simple phone call to us can buy you a little time.)
If you need to know your total to pay off or anything about your loan, just give us a call and we’ll be happy to help.