FAQ

What is a Pawn Shop?

Godfather Pawn is a place where customers can bring an item and receive cash on the spot. Gold, Watches, Electronics, Cars and motorcycles are just some of the items we take in.

If you pawn an item with Godfather Pawn you receive cash immediately for you to retrieve the item at a later date. Many people do not want to sell their prized items and would rather pawn and be able to pick up their item by paying a small interest fee. Godfather Pawn has 10% Pawn Loans. Example: You pawn a TV for $200 you come back 30 days later pay $220 to us and receive your TV back.

How Does A Pawn Loan Work?

You bring in anything of value. We give you cash appraisal for the item. We hold this item for you in the back of our shop. You can come pick up the item within 15 days by only paying us back the money we lent you + 10%. So, if we gave you $100, you would pay us $110 and you have your item back. If you do not have the money within 15 days - all you have to do is pay us 10% for us to keep the loan going. You bring in $10 and we extend your loan another 15 days. As long as you pay the interest you will never lose your item.

Do You Carry Stolen Watches?

. We can’t take anything in that is reported stolen. We also do finger prints and get Copy of ID from each person. So, if it was taken in by accident at our pawn shop. The police will be notified they come and get your watch. I lose the money I paid for it, and a warrant is out for the person who pawned it.

 

How Does a Pawn/Purchase Work?

Pawns/Purchases are a quick and easy way to get money without any credit checks. You bring in a piece of merchandise and we loan you money on it. All you need is your ID. We offer a 30 day loan, plus an automatic give you a 30 day grace period. At any time during this period you can pay back the loan by paying us the principle plus the interest amount. If still working on your finances you can pay us the 10% interest. This will give you another 15 days and you can repeat this for as long as you need to.

What Happens if I Can’t Pay Back a Loan?

If you can’t afford to pay back the loan in 30 days or the grace period, you can always come in and make an extension on the loan. We also offer the option to make a payment for 10% which will give you 15 more days you can extend you loan as many times as you need until you can afford to take out you loan. If you can’t afford to pick up your loan, you can also choose to surrender your merchandise to us without affecting your credit.

What Can I Bring Into Pawn?

We loan on a wide variety of merchandise including gold jewelry, electronics, tablets, laptops, iPod’s, iPhones, gaming systems, musical items, tools, coins and silver. Not sure if we will take your item? Just give us a call we will gladly answer your questions, or get an Online Appraisal from the comfort of your own home!

How Do We Determine Value?

We base our loan values on our current retail values. For general merchandise, we factor in current new retail value, condition of merchandise, and demand for the item in the used market. For jewelry, we evaluate its condition; for example, is it re-sellable or broken? In addition, we use current gold spot price, based on the karat of the gold you bring in. Lastly, we assign a value to your diamonds and/or precious stones to come up with a maximum loan value to help you.