Many people are hesitant to come into the pawn shop because they are unsure how it works. Pawning your gold or other valuables is really a very easy process.
Simply bring in your gold or other valuables to us at 1116 S. Woodrow Lane Denton TX 76205. We need to be able to examine the item in person. If it's gold or silver, we will test it for purity. If it's an item such as a flat screen TV or laptop computer, we will take into consideration things like age, condition and resale value.
After we examine your item, we will determine a value and price that we are authorized to pay you for your item as a buy, or lend to you using the item for collateral. If you decide to sell, we will pay you cash and you are on your way! If you decide to use the item as collateral for a loan, we will lend you the money and you will have a certain amount of time to come back into the store and pay the loan back plus interest. Loans are generally one or two months. If you run into a jam, we can usually work with you to extend the loan as long as you cover your interest. You are charged interest monthly until you pay your loan back in full and redeem your item.
What happens to items in pawn that aren't redeemed?
Most items in pawn get redeemed by their owners. However, sometimes they aren't redeemed. When you fail to redeem your item by paying back the original loan amount plus interest, we will resell your item. Items get resold in our show room to wholesalers and retailers and to refineries. If you ever think that you're going to have trouble paying back your loan in the agreed upon time and don't want to give up your collateral, please come in and talk to us.