WHAT IS A PAWN

A pawn is a way to get immediate cash by using items you already own as collateral. You have 4 month and 10 days (8 month and 10 days on most jewelry pawns) to reclaim your item. The difference between selling your item or pawning your item is: Pawn: You own the item and can get it back (redeem) when you pay back the loan plus the charges.

Sell: You sell your item and can not retrieve it.

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WHAT IS THE MINIMUM AND MAXIMUM AMOUNT OF MONEY I CAN BORROW?

We can offer you between $5.00 to $1 million. We review each item individually and will let you know the value.

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WHAT IS THE INTEREST RATE FOR MY LOAN?

The monthly rate for your pawn is determined by your loan amount. California State Regulate all loans up to $2500.00. On loans above $2500 the rate is negotiable usually between 3% to 7% a month.

Cesar Chavez Pawn Shop offers loans with fixed maximum and minimum terms of 4 months. The full repayment of the loan should be made in the maximum repayment period of 4 months, but can be made in full in as little as 1 day if the customer wishes to pay it off sooner. APR Interest Rates vary from 2% to 35.99%. Rates vary based on value of collateral as well as length of loan. All rates and terms of loans are strictly regulated by the State of California. Example: Amount Financed $2500. APR 24.12 percent. Length of loan 4 months. Total Interest charge $201.00 Total Interest and Principle is $2,701.

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WHAT CAN I PAWN OR SELL?

Jewelry, broken jewelry, Fine watches,Precious metals & coins. Loose diamonds & precious gemstones. High end DLSR cameras & equipment. Apple Products, lap tops and computers. Musical instruments, certain collectibles Lalique, Lladro & certified art Luxury handbags Cars, Boats, Rv, Airplanes. Art.

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HOW LONG DO I HAVE TO PAY OFF MY LOAN?

You have 4 month and 10 days to reclaim your item.

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DO I HAVE TO MAKE MONTHLY PAYMENTS?

No, no monthly payments. If you pawn an item with us, the amount is due when you redeem your loan. You can utilize the whole term or redeem before the end of the the term No prepayment penalties.

 

DO YOU PROVIDE INSURANCE?

Your item is fully insured for the amount of the loan.

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WHAT HAPPENS TO MY ITEM IF I DECIDE NOT TO PAY BACK MY LOAN?

You will loose the item, 87% of our customers reclaim their pawned items. Since we hate selling items of sentimental value, our financial department is always willing to work with you for some more time.

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WILL DEFAULTING ON A LOAN AFFECT MY CREDIT SCORE?

We do not report people to credit agencies.

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IF I DEFAULTED ON A LOAN, CAN I GET ANOTHER LOAN?

Yes, we lend on the value of your item.

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CAN I BUY ITEMS?

Yes, visit our show rooms and you will find amazing deals!!!! Also check our web site for promotions.