Quick and Easy Loans at Texas Cash and Pawn
Don’t worry about getting a loan at the bank anymore! Get a loan with Texas Cash and Pawn. Our pawn shop loans are quick, easy and require no credit or back ground checks, just collateral !!
What types of items do you take as collateral at Texas Cash and Pawn?
Most things of value! The most popular items pledged include gold and platinum jewelry, diamonds, high grade watches, quality tools, firearms, coins, guitars, musical instruments, TV’s, computers, metal detectors, car audio, camcorders, cameras, stereos, collectible items, swords, knives, and the list goes on and on!
Most people have heard of pawn shops, but many have ideas and images that are, shall we say, less than accurate on just what a pawn shop is and what we offer. The short definition – we offer a short term loan based on the collateral you pledge. No credit check, no wait for approval by a loan officer, just fast cash! When you have a loan to buy your home, you pledge the home as collateral in the event that you don’t (or can’t) pay back the loan. If you don’t pay your loan back, your home becomes the property of the bank. We operate in much the same fashion. You bring in an item to pledge for a loan, you leave the item with us, and we give you cash and a receipt to bring back. In Texas, the term of the loan is 30 days with a 30 day grace period. You can pay the interest at this time and we will give you an extension, which will be good for another 30 days. Most people do pick up their collateral and repay the loan, but when they do not, we in turn sell the items to recover our investment. That, in the short definition, is it!
So why should you shop or get a loan at Texas Cash & Pawn? Simply put, to get the best possible deal around on some of the finest merchandise, from our friendly well-trained and educated staff, and at the best possible price and terms!
How much can I get?
We’re here to help you out as best we can. We really have no maximum amount that we can loan on an item, up to a portion of its resale value. We loan a portion of the amount that we can expect to receive if we have to sell the item if you do not come back to get it.
Will my items be safe?
Yes. We are licensed by the City and State and have undergone very extensive background investigations in order to be in business. Our operation is constantly monitored by the
City and law enforcement. All items are kept secure and are safe until you come back to get them, or until they are put on the shelf.
I think I see something out for sale that was taken from me. What should I do?
The VERY first thing to do is to make a police report. ALL items that we take in are checked out by the police and reported on a central database, and computerized to crosscheck with stolen
property reports. Loans are held for one month before we can sell them! WE CANNOT GIVE YOU ANY INFORMATION ABOUT WHO PAWNED/SOLD US AN ITEM! If you do have a police report filed, and have a case number and the item is listed, we can put a hold on it while you contact the detective on your case. We cannot, however, just give you the item back. The procedure to recover merchandise has been worked out by the police department and the legislature and needs to be followed! This includes prosecuting the individual(s) involved!
I just realized my loan expired a few weeks ago. Can I get the items back?
Maybe, if the item is in inventory, we can pull the item and you can pay for the total amount of interest due at the time of sale.
What are the terms of a loan?
You have 60 days in which to repay the loan and retrieve your items. The interest varies dependent on the principal loan amount per month. You can pay the interest towards the end of your loan and we will give you another 30 days. This also applies if you are using Texas Cash and Pawn as a secure place to store your valuables!
I lost my ticket, what now?
Just bring in your ID, we do charge a $1 fee for a lost ticket. IF YOU DO NOT HAVE YOUR TICKET, YOU WILL NEED YOUR ID!
How many pawns can I have active at one time? How often can I pawn something?
In short, as many as you want and as often as you want! We have many regular customers that pawn daily, and others we see but once a year. You can bring in as many different items as you want, or you can bring in the same item many times. That is the beauty of the pawn shop you can’t max out your credit, and the only limit on borrowing is how much your items are worth on pawn to us!
What are the laws and policies concerning the purchase or pawn of a firearm?
As per federal law, all potential gun owners or someone redeeming a pawn must fill out a background check and be cleared before the firearm can be transferred to the purchaser. The pawn works the same as our regular pawns; however the person who pawned the firearm is the only person who can redeem the firearm!
Do you do “lay-a-ways?”
YES!! We need a deposit of 10 percent and you get 12 MONTHS! Just pay your monthly fee or pick it up the very next day! There is no penalty for picking up early. We do not charge a service fee for layaway. What we agree upon is what the layaway is written for!
Do I have a “grace” period on the loan?
If the end of your grace period is approaching and you find that you need a little longer, please call us and ask to speak with either the owner or manager and we will try and do what we can. We are always to willing to work with you so long as we know you need the help. If you call us BEFORE YOUR LOAN EXPIRES we can offer you a courtesy extension. THIS IS A COURTESY THAT CAN BE REQUESTED – IT IS NOT AUTOMATIC!!!!!
Do I have a “grace” period on the loan?
If the end of your grace period is approaching and you find that you need a little longer, please call us and ask to speak with either the owner or manager and we will try and do what we can. We are always to willing to work with you so long as we know you need the help. If you call us BEFORE YOUR LOAN EXPIRES we can offer you a courtesy extension. THIS IS A COURTESY THAT CAN BE REQUESTED – IT IS NOT AUTOMATIC!!!!!
What if I can’t pay off the loan?
You may pay just the interest and handling charge. This will give you another 30 days. We can also accept part payments; however when you pay the interest and we re-write the loan for you, you may elect to pay off part of the loan at that time and we will re-write the new loan for the new amount. If you are out of town or cannot come in, you can have someone else pay the interest for you and we will give them a extension ticket for the loan. It will be still made out in your name and you will either have to give someone the original ticket with written authorization to pick up the loan or come in yourself.
So what do you sell at Texas Cash and Pawn?
Jewelry, TVs, DVD players, guns, gun accessories, coins, DVDs, cameras, lenses, tools, radios, guitars, musical instruments, video games, computers, bikes, editing equipment, pool cues, camcorders, golf clubs, vacuum cleaners, metal detectors, silverware, artwork, collectables, watches, spotting scopes, samurai swords, knives, RVs, boats, ATVs, sporting goods, pocket watches… and the list just goes on. And of course, all at GOOD savings!
