A pawn is a collateral loan. Pawnbrokers lend money on items of value ranging from gold and diamond jewelry to musical instruments, televisions, electronics, tools and equipment, firearms, handbags, and more. The amount of the loan is based on the value of the collateral. Pawn loans are small-dollar safety net loans.

Pawn customers tend to borrow only what they need, as evidenced by the relatively low national average amount of $150 for about 60 days.

During the pawn transaction, customers receive a written explanation, called a pawn ticket, that explains the details, including the interest amount, how long the customer has to pay back the loan, and more. Most customers, about 90% on average at Capital Pawn, redeem their loans and pick up the item from the pawnshop once they’ve repaid what they owe. Pawn loans are non-recourse.

If the customer does not redeem their loan, it has no impact on their credit score. Rather, the item is forfeited to the pawnbroker who sells it in their shop, usually at a deeply discounted price compared to retail value.

Rest assured that the items we sell here at Capital Pawn are thoroughly tested, vetted, and in good condition. We sell a variety items as steep discounts.

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