How does a pawn or sell transaction work?
When you find yourself in a situation where you need a little money, you often find that you cannot go to a bank or other institution for a small, short term loan. A Pawn shop allows you to bring in items of value in order to borrow money against your item for a short period of time – with us each pawn is on a ONE month basis. This means that your item is used for collateral for a small loan for a period of one month from the day of your transaction, and any time within that month you can return to the shop to repay your loan with the service charge(s) to retrieve your item. If you find that you don’t want to retrieve your item yet, you are still able to pay only the service charge amount by the due date, which will then give you another month to carry over your loan and retrieve your item. If the item is something that you already know you don’t want to keep, you can also just sell the item outright, which means you aren’t responsible for any service charges, you get the money for you
