Pawning items is an easy way of getting some cash quickly, but if you’ve never done it before it could be quite daunting as you may not know what to expect. At Florida Pawn, we have been helping people to raise money for many years and are trusted within the community for providing a great service.
What is pawning?
Pawning is a term used for a pawn shop loan where you use an item or items you own as collateral for a loan. The loan amount offered is based purely on the value of the items you are using as collateral.
Pawn shop loans don’t require any guarantees, just the item as collateral. We also don’t require any checks on your financial background and the loan won’t impact your credit rating even if you fail to make a repayment.
So how do I pawn an item?
You can pawn a wide variety of items at our stores in Hollywood and Margate, you just need to bring the item to one of the stores. At the store, one of our trained professionals will appraise your item to assess its value. Based on the value of the item, we will offer you a competitive and fair loan.
If you choose to accept the loan offer, you can generally walk away with the money straight away. Your collateral item will stay with us and be stored securely until you have repaid the loan and the interest. If you are unable to repay the loan the item becomes ours to use to recoup the loss, however, before this happens you should discuss with us the possibility of extending the loan term so you can still get your item back.
Why choose Florida Pawn as your pawnbroker?
There are many reasons to select us as your pawnbroker which include:
- We offer a simple and hassle-free process
- We offer competitive and fair loan offers
- We are trustworthy and have a good reputation
- We have a wealth of experience in handling a broad range of goods
- Our service is fast and efficient
- You have a choice of selling or pawning your items with us
- Our stores are open 6 days a week and are open until 7pm on weekdays
Visit either our Hollywood or Margate stores to see what you can pawn and what loan amount we can offer you.