Pawn Fact Sheet

Pawnshield Fine Jewelry & Loan offers collateralized non-recourse loans, commonly referred to as pawn loans. The company differentiates itself from competitors by offering small neighborhood oriented shops staffed with highly educated, seasoned professionals that specialize in world class customer service benefits such as, a 30 day satisfaction guarantee on all sold items, a layaway program, gem identification services, appraisal services, jewelry refurbishment, jewelry repairs, miscellaneous repairs and wristwatch repairs.

For more than 19 years, Pawnshield Fine Jewelry & Loan has provided financial solutions that help ordinary people meet their needs and pursue their dreams. Pawnshield Fine Jewelry & Loan works closely with law enforcement to help ensure the safety of customers and their property.

Typical Pawn Customer

  • A typical pawn customer is 25-50 years old
  • Approximately 81 percent of pawn customers are employed
  • Approximately 35 percent of pawn customers are homeowners
  • On average, 8 out of 10 pawn customers return for his or her item(s)

Pawn Facts

  • Greater than 25 million Americans use pawn services every year
  • Pawn transactions are small dollar, short term loans with no hidden fees or charges
  • We do not evaluate the credit worthiness of customers
  • No credit check is required for pawn loans
  • The average pawn loan is less than $250, larger loans are not uncommon
  • Pawn loans are based on the pre-owned value of the item
  • Pawn loans are made on items of value, such as jewelry, art, crystal, bronzes, electronics, tools and household items
  • Pawn loans are typically 30 day loans with a grace period
  • Pawnshield Fine Jewelry & Loan offers extensions/renewals where permitted by state law
  • Pawnshield Fine Jewelry & Loan tests all jewelry for authentication, including diamond or gem quality and metal content
  • Pawnshops are the worst place to try and get rid of stolen merchandise because they are highly regulated and work very closely with federal and local law enforcement officials

How a Pawn Loan Works

  • The customer brings an item to Pawnshield Fine Jewelry & Loan for a short term loan
  • Pawnshield Fine Jewelry & Loan determines the loan amount through the company’s database for lending, buying and selling merchandise, coworkers experience and other Internet research efforts
  • The customer receives a loan based on the value of the item
  • The customer returns to repay loan plus related fees and redeems the item
  • If the customer does not return, Pawnshield Fine Jewelry & Loan sells the item with no credit consequence to the borrower