FAQ’s

Pawn shops provide a loan based on the value of an item you bring in. If you don't repay the loan within the agreed time, the pawn shop keeps the item. If you repay the loan, you get your item back.

The amount you can borrow depends on the value of the item you're pawning. Typically, you can expect to receive 60% to 80% of the item's resale value.

Pawn shops accept a wide range of items, including jewelry, electronics, musical instruments, tools, luxury watches, and even collectibles. Items must have value and be in good condition.

In South Carolina, pawn shops offer a 30 day loan with a 60 day grace period.

If you don't repay your loan within the agreed-upon timeframe, the pawn shop keeps the item and will sell the item to recover the money without any consequence to the borrower.

Pawn shops do not perform credit checks. However, they may ask for identification and record the transaction, to comply with local laws.

Yes, pawn shops generally appraise items but only for the purpose of buying them not for insurance purposes.

Yes, most pawn shops will buy items outright if you prefer to sell them rather than take out a loan. The shop will offer a price based on the item’s value and current market conditions.

Pawn shops offer a lower price than retail value. The amount they offer is based on the condition, age, and demand for the item.

Yes, cash is paid on the spot and quickly.

Yes, you can often negotiate the price or loan amount, especially if the item is valuable or in high demand. It's worth discussing with the pawn shop owner or manager.

Pawn shop interest rates are issued by the State of South Carolina and decrease the larger the amount borrowed. The interest rates range from 6% to 25%

Research the value of your item before visiting, get quotes from multiple pawn shops, and be prepared to negotiate. Knowing the current market value will help you secure a fair offer.