We do accept firearms on pawn. If you are unsure of the pawn process, please read below. If you would like to pawn a firearm, please stop by and see us.
We are registered as a firearms dealer and must comply with all regulations. This means that if you choose to pawn a firearm, you must complete and pass the NICS background check at the time of redemption. We require clearly visible serial numbers on all firearms. All firearm serial numbers are submitted to local law enforcement for review against reported thefts.
- What is a pawn? Pawn loans are a quick and easy way to borrow money without a credit check or hassle. A pawn is a loan that is secured by collateral that you provide which we hold until you pay us back or forfeit the collateral to settle. When you pay the loan back plus the charges due, we return your collateral to you. If you can not pay off your loan in full, you may renew the loan for another 30 days by paying the accrued interest charges only. You may renew your loan as many times as needed.
- Does a pawn affect my credit rating? Since a pawn is a secured loan it does not affect your credit. There is never a credit check and your credit score cannot be affected by any pawn transactions even if you never pay us back.
- How long do I have to redeem my merchandise? In Georgia, pawn transactions are for 30 days. If at the end of the 30 days you can not pay the loan back in full, you may renew for another 30 days by paying the accrued interest charges only. You may renew you loan as many times as needed.
- How much does a pawn transaction cost? As determined by law in the State of Georgia, pawn charges are 25%. So, if you borrow $100 then your interest charges due within 30 days is $25. You can pick up your item at that time by paying us back the amount loaned plus the charges due, or just renew the loan by paying the charges due which will renew your loan for another 30 days.
- Do pawn shops deal in stolen property? In Georgia, as in most states, pawn shops are required by law to report all merchandise taken in. We provide the local authorities with a detailed description of each item including the serial number and identification of our customer. Studies have shown that less than one-tenth of one percent of the items taken nationwide by pawn shops is stolen property.
- How do you know that an item is not stolen? In short, we do not. However, we report our acquisitions on a regular basis, as required by law. Anyone who sells, trades, or pawns any item must show a valid government issued picture ID (Driver's License, State Issued ID, etc) in order to complete their transactions. This is a major deterrent as criminals do not wish to identify themselves.
- How much should I expect to be loaned on my merchandise? Loans vary according to the merchandise. There is no minimum or maximum dollar amount allowed on a pawn transaction. A pawnbroker has to recoup his money by selling the item should you choose not to redeem it. We base loan amounts on the value of your item – its current appraised value, current condition, and our ability to sell the item. Item age and desirability also factor into the loan value. As an added value to our customers, we also take into account an individuals good pick-up record. A good pick-up record will allow us to loan higher than the normal loan amount on an item. We are flexible at times when a regular customer really needs a little extra cash.
- Can you give a quote on an item over the phone? Unfortunately, we can not give quotes over the phone because loan amounts vary greatly depending on the condition, age, and demand of the item. We test each item as best as we can to insure that it is in proper working order. The better the condition, the higher amount of our loan.