We do our best to make the pawn process as easy as possible. Here are the basic steps involved in a pawn loan from Gem City Pawn & Loan.
- Bring in an item of value to pawn & a valid ID
- We research your item and determine a value
- You decide if you want to pawn or sell your item
- If you decide to pawn, we take your item and give you a claim ticket and the cash value we agreed upon
- At the end of the loan period you have three options
- Option 1: You pay the loan back in full and we return the item to you
- Option 2: You pay the interest and storage and we continue to hold the item until you can pay the loan back in full (usually at 30 day intervals)
- Option 3: You keep the money and we sell the item in our retail shop