A pawn is a collateral loan. We lend money based on the determined value of the item(s) you have to pledge (see faq#3). When you pay back the principle plus the accumulated interest on the loan, you can then redeem your item(s). You may extend the term of your pawn if you pay the interest owed.
At MoneyPro Pawn, you'll get cash on the spot. No credit checks, no effect on your credit score, no co-signer required, no collection agencies, and no harassing phone calls!
Simply bring us something of value to use as collateral and walk out with instant cash. We are conveniently located in Sarasota, FL.
We base the value of the item on current comparable market values, its current condition and the ability to sell the item. We use multiple sources that we have at our disposal to determine an item’s value and get you the most money for the item. The amount also varies depending on the category of an item – example would be jewelry vs electronics have completely different markets values.
A pawn allows you to redeem your item held as collateral. The item is still yours. If you do not want the item back, you can sell it to us.
You may pawn as many items as you like and have as many pawn transactions as you need.
When your loan expires with no payment or extension, your item becomes the sole property of MoneyPro Pawn goes out for sale. There is no penalty to you. You can still take out more loans or sell items with no consequences.
To pawn or sell you must bring a valid government issued ID and you must be over the age of 18.