A pawnbroker offers small loans to people in exchange for any valuable personal item as collateral. What is pawned for the money is often referred to as a pledge. A number of valuables can be used as pledges, including gold, watches, jewelry, musical instruments, computers and home electronics, among others. A pawnbroker often charges a small amount as interest along with the amount borrowed. If the borrower is somehow unable to return the money within the specified amount of time, the item will be sold off at the pawn shop to any interested customer. Pawnbrokers also accept the sale of articles for cash and not just as collateral.
Q- What do I need to pawn an item?
A- The item should be in good working condition. You need to produce two forms of ID, one being a government photo ID and one a supporting piece.
Q- Will a photocopy of my ID do?
Q- Can I pawn without an ID if I am a repeat customer?
A- No. You need to produce an ID every time you want to pawn.
Q- Will you call me when my item is due?
A- No, we choose to refrain from making any phone calls that may put you or your friends and family in an uncomfortable situation.
Q- If I lose my pawn receipt, can I get the information via a phone call?
A- No. Because we value your privacy, we will not share any information with you or anyone claiming to be you on a phone call.
Q- How fast can I pick up my items once pawned?
A- You can pick up your item any time during our business hours. We do not have a mandatory wait period.
Q- If I want to buy something from the pawn shop, how do I ensure that it is not stolen?
A- We demand a photo ID from every person who pawns an item here. We also forward each product's details to the Calgary Police Service database, which records the product.
Q- If I don't pick up an item, will it affect my credit?
A- It definitely won't. We do not report to any credit agency. If you fail to pick up your item, it is deemed as sold to us.
Pawn terms are 30 days
You can renew for an additional 30 days
No upfront cost of fees
Fees and interest paid on pick up
We loan on luxury goods
We never deal in replica or counterfeit items
Cash or cheque within minutes
Free parking behind the building
If you do not pick up your item, it will be placed out for sale after the due date.