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Borrowers receive a ticket that lists the items they pawned, amount of their loan, and when the money is due.
Pawnbrokers are required to give police a list of items that have been pawned to screen out stolen merchandise.
Although pawn shops offer fast loans, they aren't cheap. Pawn shop loans come with annual percentage rates that can be as high as 300 depending upon a state's usury laws.
For instance, New York limits the amount of interest that can be personal loan citibank thailand on small loans to 25. Generally, any loan a person receives won't be anywhere near the market value for the item being pawned.
Appraised values are used and in many cases borrowers may be lucky to get 25 of the current retail price of their item. Some borrowers may be able to negotiate a better loan rate. In some cases people may make out better trying to sell their item on eBay.
You apply online. Its easy to apply for a cash loan online. You can use your computer, smartphone or tablet. It only takes 5 mins. We check confirm. We do a quick check on the information you have submitted to make sure were lending you the right amount and it meets your needs.
You are approved. E-sign documents to accept your loan offer and get cash directly deposited in as soon as the next business day.