Need to know a few things about our pawn loans?
Here is a Frequently Asked Questions List along with a few FAQ Examples
Q: How much can you lend me?
A: In most cases we can lend what you need to borrow – it will be based on a percentage of the market value of what you are willing to put up as loan security. For example: –
If you need $100 – a smart phone or laptop could do the trick
If you need $1000 – usually a late model car or motorbike can make the deal happen.
If you bring in a few items like some gold, game consoles or tools there is a good chance we can get you the cash you are looking for. We take a range of items – call us for more specifics.
Q: How do the repayments work?
A: A Pawn loan gives 90 days for you to redeem your goods or to make a payment to extend the 90 days!
You are kidding right? No, it is that flexible! Some customers prefer to pick up their items within 1 or 2 weeks
For larger loans some customers make regular payments and then do the pick up months later
Q: What ID is needed?
A: 2 items can make 100 points.
Valid photo ID for 75 points and for the other 25 points a document with an issue date within the last 90 days
ie a bank statement, bill, fine, letter or most types of official correspondence
Q: No photo ID?
A: Medicare/Health Care cards and various other licenses you may have in your wallet/purse.
Q: What happens when I don’t make repayments?
A: We may send you a text to let you know your loan is due to expire so you can avoid forfeiting your goods by getting an extension.
Q: What happens when I forfeit my loan?
A: There is no recourse in Pawnbroking, unfortunately we will have to sell the goods you used as security to pay back the loan but you are always welcome to use the service again with other security.
Q: Can I just sell something outright?
A: Yes, you can, we are always looking for stock.