How Pawning Works
A customer exchanges an item as collateral for a short-term cash loan. The item is returned to the customer after the loan amount and interest fees are paid. Sometimes, when a customer needs an extension on paying their loan, the item is held longer and the customer agrees to extend the terms of the loan for an additional length of time.
- Customers bring in an item of value.
- Pawnbroker offers a loan based on a percentage of the item’s estimated resale value.
- The pawnbroker then keeps the item until the customer repays the loan with interest and any additional fees that may apply.
We aim to be honest and share everything up front with no hidden fees. Below is a chart showing our rates. Keep in mind these change and slide depending amount of inventory, season, length of customer history, item type, and more, but you will always know what your rates and fees are at the beginning of each transaction. Please use the guide below for a basic understanding of the offer you will receive when coming into the Fairview store or submitting online.