LOANS

What do I need for a Pawn Loan?

Texas state law requires a current (not expired), state-issued form of picture identification for any pawn transaction. This means that it does not have to be a Texas ID, but it must not be expired.

What if I can’t pay my loan in full at the end of the term?

You can do a ‘renewal’. All you need to pay is the amount of interest and fees that are currently due and then the loan will be rewritten. All of the terms stay the same, only the due date changes, extending you for another loan term.

What methods of payment can I use to pay for my pawn?

CASH. Because we loan out cash to you, we need cash back.

How long does the process take?

This depends on the number of items you bring in, and how hard it is to determine a value for them. Some items can take a few minutes, while some can take quite a bit longer. We are mindful that you do not want to spend your whole day at the pawnshop, so try to hurry while at the same time not rushing you.

If you are not in our system, it takes 2-3 minutes to enter the information from your ID. Writing the loan contract usually takes only a couple of minutes depending on how many items you bring in. If you have been in our store and have had the same item in pawn before, the process can take less than a minute before you are heading out the door with cash in your hand.

Do you report this loan to any credit agencies?

No, we only report the loan to local law enforcement.

What happens if I lose my pawn ticket?

First of all, notify us so we can flag your account! If the slip is stolen, we want to make sure that the bad guy does not get your item. Texas is a bearer state which means that whoever has the pawn ticket is allowed to have the item, UNLESS THE PAWNBROKER IS AWARE OF THE THEFT OF THE TICKET.

If you have simply lost the ticket, there will be a $1 fee when you come to redeem your pawn, but everything else stays the same. Just make sure to bring photo ID so we can verify who you are.