1. The borrower generally has an approximate dollar amount he/she is asking to borrow. The loan appraiser will evaluate your collateral at disposal value, based on the current market. If acceptable, the borrower presents proper identification. The information is entered into our computer system, with a complete description of your merchandise. A signed contract/pledge receipt is issued to the borrower with immediate cash.

2. A pledge receipt has an expiration date of 4 months from the borrowed date. The loan is redeemable at anytime and can be renewed upon expiration just by paying the interest and ticket charges due. Once renewed, the process begins again. Loans may be renewed as many times as necessary, there is no maximum time allowance.

3. Interest rates and charges are regulated by New York State, which allows 4% interest per month. Our ticket fee, vault/handling fees range from $5 and do not exceed $10 per ticket.

4. 30 day notification is required by New York State law prior to disposal of pledged merchandise. A notice is sent, certificate of mailing, to the address on the front of the pawn receipt. You are under no obligation to repay the loan.