1) What is a Pawn Loan?
A pawn is a convenient cash loan for 30 days against the value of your collateral (jewelry, electronics, tools, firearms, etc.). A pawn is easily completed within minutes as it does not require a credut check. It is a fast, easy way to get cash in a hurry whenever you need it!
2) How does it work?
Bring in an item(s) to our store and we will tell you how much you can borrow against it. We then put all of your and the items information into our computer, give you a ticket plus your cash and you are done. After 30 days you have the option of picking up your item, renewing your item or just forgetting about it. If you want to pick it up you pay the amount you borrowed plus interest, if renewing you pay just the interest, if you don't want it back after 40 days we can put it in the showroom for sale.
3) What do I need to make a loan?
You must be 18 years old in order to pawn or sell anything to Valdosta Pawn. You must also have a valid Government issued ID (drivers license, state ID).
4) How much will I get for my item(s)?
We determine to amount we are able to loan on any item brought into our store based on several factors. We look at the condition and age of the item first, age does matter on all of our electronics (ex. 4 years and less for TV's, 1 year on computers). We research the current retail and used prices on the internet and offer you a percentage of those prices. We do not give quotes over the phone so just bring your valuables to the store and we will be happy to quote you the highest price possible.
5) How much is my gold worth?
Gold value is based on a few factors and changes daily. We base our estimates on spot gold prices that day, the Karat of gold you bring in, and the weight of the gold. A longer explanation of selling gold can be found under the "Gold" section.
6) How long is my loan good for?
The State of Georgia requires that pawn loans be the term of 30 days. You may simply renew yourloan for another 30 days by paying the interest by the due date. After you have renewed your loan 3 times the interest drops in half.
7) Can I have more than one loan? What if I left my last pawn with you and it forfeited?
Yes You Can! When you make a pawn with us you are not obligated to come back and redeem the item. When we make loans we understand that circumstances change and not all people will come back to pick up their property. You can have as many pawns as you want as long as our dealings in the past were positive.
8) How do you know things in your shop aren't stolen?
This is a tricky one and a problem we try to aviod. First of all we report every single transaction to the local police department. They look for anything that may have been stolen and look for names of known criminals. It is in our best interest NOT to take stolen items so we do everything we can to avoid it. We work very closely with the local authorities.
9) Can my spouse or friend pick up my pawn?
The only way a person other than yourself can pick up or get information about your pawn is if they have the ticket in their hand when they come into our store. If someone calls about a pawn we only give out information if they have the pawn ticket number or they can prove they are you (we ask many questions). There is a privacy law that protects you and your information.
10) Ooops, it's my due date and I can't get in, what can I do?
If for any reason you are unable to get into the shop to renew your loan and you still want to keep it PLEASE PLEASE give us a call. We will extend your loan another 30 days if you call us (another month of interest will be added). We do not know what your intentions are unless you communicate with us, if we do not hear from you we will assume you are NOT coming back and will sell your item if it defaults. CALL US!
11) I don't understand this ticket!
The tickets that the State of Georgia require us to use for loans are VERY hard to understand and confuse some customers that actually read it. To make it as simple as possible, our loans are for 30 days, you pay interest EVERY 30 days, it does not get less expensive to redeem your pawn if you wait 4 months. All the amounts for 60, 90, and 120 days on the ticket are based on what will be owed AFTER you pay the current 30 days. The interest only decreases AFTER you have paid 3 full amounts of interest. I told you it was confusing. We will be happy to TRY to explain this if you have any further questions
You must fill out a Federal Form 4473 to do an FBI background check and get a "proceed" response in order to purchase or redeem any firearm. If you have a valid permit to carry in the State of Georgia you stil have to fill out the 4473 but can skip the background check. Most background checks are instant but occasionally we get a "delayed" response and we have to wait up to 5 business days for a call back from the FBI before we can proceed with the transaction.
- For rifles you must be at least the age of 18
- For handguns you must be at least the age of 21, and be a Georgia resident to purchase in our store
- To buy any firearm you must have a state-issue ID with your Current address listed on the ID
- If your current address isn't on your ID, you may use a State or government issue document with your current address in combination with your photo-ID to purchase a firearm
We do our best to work with our customers as much as possible. If you have any questions please do not hesitate to call and ask. We are here to help. 229-247-2722