We offer cash for the sale of jewelry, scrap gold, electronics, video games and video game systems, tools, sporting equipment, firearms (Inwood license isn't here yet, but soon), etc, anything of value. We offer loans on the same, and sell the same in the retail locations and on ebay.
How it Works
Put simply—customers pledge property as collateral, and in return, pawnbrokers lend them money. When customers pay back the loan, their merchandise is returned to them. Pawn loans are made on everything from jewelry to electronics. If the customer elects not to redeem his or her collateral, there is no credit consequence to the borrower and the items are sold at a value price to retail consumers.
Privacy & Regulation
Pawnbrokers are governed by all of the major federal laws that apply to other entities designated as financial institutions, including:
- USA Patriot Act
- Truth-in-Lending Act
- Bank Secrecy Act and IRS regulations requiring reporting of certain cash transactions
- Trading with the Enemy Act and related Executive Orders and regulations
- Privacy provisions of the Gramm-Leach-Bliley Financial Services Modernization Act
Why it Works
Fast Cash Pawn offers collateral loans for a fixed monthly service charge. We specialize in short-term small loans.
We can offer this type of deal because the customer offers personally owned property as collateral, which significantly reduces the risk for the lender. When the customer pays the loan back, the property is returned. In the U.S., over 80% of all collateral property is re-claimed.
Secured short-term loans from pawnbrokers are highly regulated, and all the terms of business are clearly stated in a government-regulated contract.