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How much do they charge?

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How much do they charge?

2 Answers

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It depends on the dollar amount of the loan and the state the pawnbroker is conducting business. Typically, a $1,000 loan would be about 15% to 20% per month. This is less than some credit cards with their associated cash advance fees.

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You will be charged a booking fee and there may be a minimum charge. This means that you will be charged for a minimum of two hours even if the operator provides communication for one hour. If you use the service regularly, for example if you are a student, you may be able to book the service by the hour. Before you make your booking, make sure you know exactly what you will be paying.