Loans

Need some quick cash, but don't want to sell your items for good?
Bring in almost any item of resale value and we can give you cash on the spot!

Frequently Asked Questions
  • How does a pawn shop work?

Pawnbrokers lend money on items of value.  This includes musical instruments, tools, electronics, jewelry, computers, video gaming systems, etc.  If it has real value, we will write a loan for you!  We also buy items that you know you do not want back.  If you have questions about what we are willing to accept for loans or sale, please call us.  One of our friendly and knowledgeable associates is standing by to help you.

  • Why would someone go to a pawn shop?

Pawn shops offer the consumer a quick, convenient, and confidential way to borrow money.  A short term cash need can be met with no credit check or legal consequences if the loan is not repaid.  A customer receives a percentage of the value that the pawnbroker believes the collateral would sell for. 

When a customer pawns an item, the terms of the loan are printed on the pawn ticket that is given to the customer.  The ticket states the name, address, type of identification provided to the pawnbroker, a description of the item, amount lent, maturity date, interest rate and the amount that must be paid to redeem the item.  The state of California strictly regulates the interest rates and other charges such as storage and insurance rates.

  • Is I.D. required?

Yes!  You must have a valid state issued photo ID AND must be at least 18 years old to pawn an item.  Other valid forms of ID include:  military issue, U.S. passport, state drivers license and state issued identification card.  Some additional forms of identification are accepted.  Please contact us for further information.

  • Is my transaction confidential?

Yes, in fact, unless express consent is given, we will only release information about the terms of the transaction to the person who pawned or sold the merchandise.  Records are available to law enforcement agencies as required by law.

  • How long is the loan for?

In the state of California, loans are good for 4 months plus a 10 day grace period.

  • What if I am unable to pay the amount due by the due date of  my loan?

You can extend your loan for another 4 months by paying just the interest that is due on the loan.  You can extend your loan as many times as you want until you are ready to pay back the loan.

  • Can anyone pick up an item that I have in pawn?

The contract is written with you.  You should be the person picking up the loan.  If there are reasons that you are unavailable to pick up the loan, as long as you sign the redemption ticket, and the signatures match, someone else may pick up your item on your behalf.  Determining the authenticity of the signature is up to the pawnbroker.  This is done to protect the security of your item.

  • When can I pay back the loan to get my property back?

You can pay back the loan, plus the interest due at any time during the four month and ten day period.

  • How many loans can I make?

You can make as many loans as you have items to loan.  A customer can make as many loans as they like, whenever they like, and pay them back at their convenience at any time during the duration of the loan.

  • How much do I have to pay to get my item back?

It depends on the amount of the loan and how long it takes you to pick it up.  All of the rates and fees are strictly regulated by the state of California.  The amount of interest due is the same for the first three months and there is a slight increase if it goes into the fourth month and again in the grace period.

  • What forms of payment are accepted to pay off a loan?

Since we loan out cash only, to pay off a loan, or pay the interest, cash is the only form of payment accepted.

  • If I default on a loan with a pawn shop, will it affect my credit?

Your credit will not be affected in any way outside of the pawn shop.

  • What happens if I do not repay my loan?

If a customer fails to repay their loan with the 4 months and 10 day grace period, the item that was given to the pawnbroker to obtain the loan, becomes the property of the pawn shop. 

  • What happens if I want to pay off my loan to get my merchandise back, but I have lost the original loan ticket?

If this happens, only the customer that originally put the item up for a loan may pick it up.  In addition, an additional processing fee will apply to the original balance due.

  • Will my merchandise be safe?

Absolutely!  Azusa Pawn has a state of the art security system and is enclosed with high grade steel security bars.  Motion detectors and microphones add to the security of the store when we are closed, along with 24 hour real time security monitoring and off site recording.  In addition, the store is monitored 24 hours a day by an outside security force.

GOLD!

We change our gold prices daily according to the market. With many businesses buying Gold at this time, most are lured into selling it to the first business they enter. Be assured our pawnbrokers will determine the karat gold you have and give you a very fair price based on what you have.

We give competitive prices on our Gold Buys!

Paying top for Gold in Azusa!

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