FAQ

Get the answers to frequently asked questions regarding pawning and short term loans. National Pawn & Jewelry pawnshops are leaders in the Texas pawning industry. Getting a loan has never been easier – with a wide array of financial services, you can be confident that you can get the money you need. Our loan solutions include pawn loans, title loans, and payday loans. Based on each case, we help our customer’s find the best pawning option and recommend a pawn financing plan.

Our pawn financing options will determine when you must repay your loan, as some loan types will have longer grace periods than others. If you are having trouble repaying your debt or need more time, our employees are more than willing to work with you. Our pawning professionals understand that unexpected expenses occur and do our best to serve you.

Short Term Loans

How does a pawn loan work?

Pawn loans are short term loans. Individuals use their items of value as collateral to get a secured loan, and loan details vary from case to case. Borrowers must repay the balance of their loan within the time designated by their contact or else must face losing ownership of the item to the pawnbroker.

What are my options to repay my pawn loan?

  1. You can regain your property after you payback your short term loan amount when the term of your agreement is over. You must also pay any accrued fees.
  2. if you are unable to repay your loan by the due date you may renew your loan by paying, you can ask to extend the period of time you have to repay your loan for another 90 days through an extension. You may still be required to pay interest fees during that time.
  3. In our Texas pawn shops customers can ask for a loan extension. Extensions allow you to pay a portion of your interest and extend your due date. The loan extension durations are dependent on state laws and regulations.

How do you determine worth and condition of items?

Item worth is determined by a number of factors, including age, condition, imperfections and more. Broken or jewelry, for example, may only be valued at the market value for the precious metal or gems it contains. In the case of all your valuables, you can expect that items requiring repairs will yield higher resell costs to restore the item back to its normal state and therefore will reduce the amount we can offer for a loan or for purchase.

Are my items safe?

Yes. Our business depends on the safety of your items and on your continued business. Our pawn stores get paid when you reclaim your items. If you fail to reclaim your merchandise, we keep your merchandise to regain the costs of our loan when we resell them. We keep your property and ours out of harm’s way and potential theft.

What is a title loan?

Title loans allow individuals to use their vehicle titles to get a secured loan. The best part about getting a title loan at one of our National Pawn & Jewelry locationsis that you can keep driving your car for the duration of your loan. Read more about how title loans work and what types of vehicle titles we accept.

What is a collateral loan?

A collateral loan is the same a pawn loan. A collateral loan allows individuals to use the value of their personal property as collateral to apply for a loan. These short term loans can be extended or renewed depending on the case. The borrower can reclaim their items when they repay the loan balance and any interest frees to the pawnbroker.

How long do I have to repay?

The amount of time you have to repay will vary depending on the type of secured loan you select and the terms of your loan agreement. Contact a National Pawn & Jewelry pawn broker near you for additional details. Payday loans may only have loan terms of a week or two, which pawn loans may be for a month or longer.

Will I lose my item?

It depends on your actions and your ability to repay your pawn loan or title loan. You will not lose your item unless you default on your loan and don’t pay back your due loan debt. If you’re unable to repay your loan on time, or contact the pawnbroker to renew the terms of your loan, our staff will continue to hold your item until you can reclaim it. You will not lose your item unless you neglect to communicate your financial needs. Our professional brokers help in any way they can.

What is a payday loan?

A payday loan is a short term loan in which individuals can use their income to get a loan offer. These secured loans require the person to have stable, regular income. Our brokers ask for proof of current income when you apply and the loan must be repaid by the term of their next pay date. Learn more about how payday loans work.

Texas Pawnshop Regulations

Does National Pawn follow Texas pawnshop regulations?

Yes. Texas pawnshop regulations are governed by federal, state, and local laws. National Pawn & Jewelry pawn shops are audited regularly to ensure compliance. For more information on rate restrictions and your rights as a consumer, please see our list of state rates and fees. Contact a store near youfor specific information on Texas pawn shop regulations per service.

Are pawn shops ATF compliant?

Yes. All Texas Pawn shops that buy and sell guns must follow the federal firearms laws that govern all firearm vendors and resellers. All our National Pawn & Jewelry locations abide by these laws.

What are your Texas pawnshop Regulations and gun laws?

National Pawn & Jewelry follows all Texas pawnshop regulations and area laws. You must comply with the age requirements (must be 18 years old to possess a gun) and pass a background check verifying that you do not have any prior felonies. Learn more about Texas pawn gun regulations and requirements.

Do you work with the police to combat theft?

Yes. Our Texas pawn shops work closely with local authorities to prevent and identify any potential stolen items. Whenever possible, we try to return the stolen pawn items to their rightful owners. Our pawn loan, title loan, and payday loan process requires customers to show identification, thus discouraging thieves and other shady behavior. Additionally, our valuables with serial numbers are easy to track and can help identify theft and authenticity.

The items for sale in our Texas pawn shops are items that our customers did not reclaim after entering a pawn agreement. Although we offer loans on items expecting that customers will return to reclaim their valuables, it doesn’t always occur or they may not have the money required to clear their account. Other items available were purchased directly from our pawn customers.