What is a Pawn Loan?
Put simply, a pawn is a collateral loan. Pawn loans offer consumers a quick, convenient, and confidential way to borrow money without a Credit Check or the hassle of traditional banking. Pawnbrokers lend money on almost anything of value ranging from Gold, Diamonds, & Jewelry to Electronics, DVDs, Musical Instruments, Tools, Firearms, even Cars, Trucks, and Motorcycles. Typically, pawn loans are small short term loans averaging between $50 and $100, although they can be as small as $5 or as high as several thousand dollars depending on the value of the collateral.
What if I want to Sell My Items?
No Problem. Quick-Cash will also outright buy your items.
What Can I Get A Loan On?
Quick-Cash loans money on Almost Anything of Value. Some Examples are:
If your Items isn’t listed here it does not mean we wont loan you money. Call any of our locations and our staff will let you know whether or not we accept Any item. If your not Sure just Call. Quick-Cash has loaned money on some very interesting items in the past and are dedicated to get you the money you need.
Quick-Cash is proud to be the only Pawnshop in the Tri State to offer our customers an Auto Pawn. We can get you Quick-Cash on Cars, Trucks, Motorcycles, ATV’s, Scooters, Go Karts, Jet Skis, Riding Mowers and more.
How Does the Pawn Process Work?
At Quick-Cash there is no Credit Check or lengthy paperwork to fill out for a loan. Most transactions take less than 5 minutes and you will be greeted and treated with dignity and respect. Bring in your merchandise and a qualified member of our staff with be happy to appraise its value and offer you a loan. If you accept the offer, you will then be informed of the conditions of the contract and will be given a copy to keep for your records.
Our Loans have a term length of 30days, but if you are unable to pay your loan in full on its due date, you may extend the loan. With an extension, you pay the interest that has accrued on your loan in full, and that loan is extended another thirty days. Loans can be extended as many times as you need in order to repay your loan.
All loan terms comply with the federal Truth in Lending Act and customers will be provided with a receipt showing their Due Date, Amount Financed, Finance Charge, Annual Percentage Rate (APR), and a description the item being pawned including any model or serial numbers.
How do you Determine an Items Worth?
Your merchandise will be appraised based on the Quality, Condition, Market Value, and our ability to sell the item. We will use all the tools at our disposal to quickly determine an items value and provide you with the loan you need.
What’s my Gold Worth?
The Price of Gold Fluctuates daily, hourly, and even by the minute. Quick-Cash Buys & Sells Gold based on the up to minute Spot Price of Gold. We pay top dollar for all gold, no matter of condition. We buy broken, damaged, and Scrap Gold of any Karat.
What’s my Jewelry Worth?
Quick-Cash buys and sells Precious Metals, gold and platinum, by the gram weight. Why? Because it’s the easiest way for our customers to understand how we value their merchandise. Traditionally jewelry stores use terms such as pennyweight and diamond weight to buy and sell jewelry. These terms are antiquated and meant to confuse the customer so they don’t get full value for their jewelry. Our staff will tell you exactly what your gold or platinum weighs, what Karat it is, and what we are currently paying per gram.
Will I Get My Stuff Back?
Nearly 80% of our customers repay their loans and redeem, or pick up their merchandise. If you do not repay your loan we simply sell your item to recoup our costs. In no way does the forfeiture of your loan affect your personal credit or your ability to get another loan from Quick-Cash.
Quick-Cash wants all their customers to get their belongings back. Quite simply, we can loan you money on your merchandise many times but only sell it once. It is on our best business interest to see that your possessions are back where they belong, with you.
Where will my Possessions be Kept?
While your possessions are in pawn they still belong to you. We are simply holding them until the loan is paid back. It is our responsibility to keep it safe and in good condition while it is in our care. Jewelry, Firearms, and other valuables are stored in vaults or other secure facilities. All items are insured while they are in our care and our stores are equipped with the most up to date security alarms, and video surveillance available.
Do People Bring Stolen Items to the Pawnshop?
Less than 1 % of items brought to a Pawnshop are Stolen!
Quick-Cash is a thief’s Worst Enemy!
Quick-Cash works closely with all local, state, and federal law enforcement agencies to ensure that no items we buy or sell are stolen. All our Stores require a valid photo ID and record a detailed description of all items being pawned including model and serial numbers. In addition Quick-Cash utilizes an internet-based crime fighting tool called LEADSONLINE, which share transaction information with law enforcement agencies nationwide.
In no way is it beneficial for Quick-Cash to accept stolen merchandise. In instances where items are found to be stolen, items are returned to its rightful owner Quick-Cash lose the collateral and loaned money. Our staff are trained to look for stolen property to avoid these costly mistakes. If it is Stolen we Lose.
Are Pawnshops Regulated?
Yes, Pawn brokers are governed by all the major federal laws that apply to entities designed as financial institutions. The federal laws that regulate the pawn industry are Patriot Act, Truth In Lending Act, Equal Opportunity Act, as well as Data Privacy and Safeguard of consumer information as part of the Federal Trade Commission (FTC) rules. Pawn shops that deal in firearms are regulated by the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF). States have regulated the pawn industry for decades, and most pawnbrokers are licensed and regulated by local authorities as well.
FINCEN – Financial Crimes Enforcement Network
FTC – Consumer Information Disposal Rule
Bank Secrecy Act
FTC Red Flag Rules
Truth In Lending:
USA Patriot Act
FTC Privacy Rule
Service Members Civil Relief Act of 2003
Specially Designated Nationals
Request For Restitution
Confiscation Objection Notice
Kentucky Revised Statutes
Are Pawns Rates Excessive?
No. To provide their service, all lenders must charge rates commensurate with the size and duration of the loan, collateral, risk and recourse. Pawn transactions are small-dollar, short term loans with no hidden charges.