Call Now : 
Pawnshop FAQ
Most people have heard of pawn shops, but many have ideas and images that are, shall we say, less than accurate on just what a pawn shop is and what we offer. The short definition - we offer a short term loan based on the collateral that you pledge. No credit check, no wait for approval by the loan officer, just fast cash! When you have a loan to buy your home, you pledge the home as collateral in the event that you don't, or can't, pay back the loan. If you don't pay your loan back, your home becomes the property of the bank. We operate in much the same fashion. You bring in an item to pledge for a loan, you leave the item with us, and we give you cash and a receipt to bring back. In Nevada, the term of the loan is 120 days. You can pay the interest at this time and we will give you a "new" loan, again good for another 120 days. Most people do pick up their collateral and repay the loan, but when they do not, we in turn sell the items to recover our investment. That, in the short definition, is it!
The most popular items pledged include gold and platinum jewelry, diamonds, high grade watches such as Rolex, Baume & Mercier and Patek Philippe, quality tools (makes such as Snap-on, MAC, Makita, Craftsman, Milwaukee and other industrial grade tools - nothing from China, Pakistan or other 'third world' nations), coins, guitars, musical instruments, Flat Screen TV's, computers, Laptops, metal detectors, camcorders, cameras, and the list goes on and on!
Part of the fun of this business is that it is different every day. I have over 2 decades of experience in the pawn business and I STILL get offered things that have never come in before! TV's, CAMCORDERS - must have remote controls and be 2 years old or newer. CAMCORDERS and RECHARGEABLE TOOLS must have the charger. MICROWAVES, and other electronics must be 3 years old or newer, completely operational and CLEAN. GUITARS and other musical instruments are prefered with a case. CAMERAS must either be a professional grade format type camera or certain digital cameras. Check with us to see the current megapixel rating required. LAPTOP COMPUTERS must be 2 years or newer with the latest processor or a MACINTOSH G5+, Powerbook or iBook/eBook DESKTOP COMPUTERS must be 2 years or newer with the latest processor or be a MACINTOSH G5+ (including iMac, eMac and iBook). They must have a keyboard, mouse, and the cables. LAPTOPS must have a power cord, charger or adapter. TOOLS must be American made and/or of a quality make, such as Craftsman, Snap On, MAC, Milwaukee, Makita, Porter Cable, Bosch and other QUALITY makes; NOTHING from China, Pakistan, Korea, or other third world countries. VIDEO GAME UNITS must have controllers, power adaptors/cords, and a game cartridge or disc. IN ALL CASES, THE ITEM MUST BE FULLY FUNCTIONAL, WITH ALL KNOBS, DOORS, BUTTONS, CORDS, ANTENNAS ETC PRESENT AND WORKING!!!!!! IF YOU NEED TO TELL US ABOUT HOW SOMETHING EITHER DOESN'T WORK, OR SORTA WORKS, OR WORKS SOMETIMES, WE DO NOT WANT IT!!!!!! ALL ITEMS WILL BE TESTED FOR FUNCTION!!!!!! If your item is older than what we list, we may be able to buy it from you, if you wish. And of course, items we accept are subject to change as is the amount we will loan.
We do not accept ALL brands and/or models of the above items for collateral, so we of course reserve the right NOT to take something, even if it is on this list!
Yes, and you can get a slightly higher amount by selling. If you do sell, you DO NOT get the item back and we cannot hold it for you! Many items, such as used, guitars without cases and DVD's may ONLY be bought!
That depends. We really have no maximum amount that we can loan on an item, up to a portion of its resale value. We loan a portion of the amount that we can expect to receive if we have to sell the item if you do not come back to get it. It is based upon years of experience and how well and fast different types of items sell and does not relate to how much the item cost new. Yes, your item is worth more than we are loaning on it and we will take your past loan record into consideration, both the redeems AND the losses. We do need to see and examine the item before we can give an estimation, however. MOST people do of course pick up the items they put into pawn, but we have to look at all things by what we could sell them for if you didn't come back.
You will need a state issued picture ID card or drivers license. This can be from any state. We CANNOT take anything from you without ID! PERIOD! We accept Prison ID's, Consular Id's and Passports with a utility bill in your name.
Yes they will. We are licensed by the City and State and have undergone very extensive background investigations in order to be in business. Our operation is constantly monitored by the City and law enforcement. In addition, all employees are checked out by the Police Department prior to gaining employment. Our store is highly secured with multiple security systems, monitored camera systems and armed personnel. All of us have heard the horror stories concerning items left in pawn. This is NOT the case at Easy Money Pawnshop! Many people, in fact, are so comfortable with us that they pledge their jewelry, coins and electronics for a small loan in order to have it safely stored, retrieving it when they want to wear or use it.
In short, as many as you want and as often as you want! We have many regular customers that pawn daily or even more often and others we see but once a year. You can bring in as many different items as you want, or you can bring in the same item many times. That is the beauty of the pawn shop - you can't max out your credit, only to be charged with an 'over credit' charge and the only limit on how much you can borrow is in how much your items are worth on pawn to us!
The City of Oakland Police Department requires all serial serial numbered items to be on individual tickets. Jewelry can be up only 1 items per ticket. NO EXCEPTIONS!
No! Once a loan is written, we CANNOT change the amount of the loan. You can 'redeem' your item and we can write a new loan for the higher amount, less the interest already accrued and the original amount given, at that time. And no, you do not need to pay us before we pay you back; we will just deduct the interest from the difference.
On jewelry that you buy from us, if the item is still in good condition we will loan you up to 1/3 of the original purchase price, AS LONG AS YOU BRING IN THE ORIGINAL SALES RECEIPT!! Other items, such as electronics, tools etc, are subject to our regular rules as to age and condition. If you have the receipt on these types of items, we MAY be able to give you a little more, depending on the type of item and its condition.
You may pay just the interest and handling charge. This will give you another 120 days. We do not accept part payments; however when you pay the interest and we re-write the loan for you, you may elect to pay off part of the loan at that time and we will re-write the new loan for the new amount. If you are out of town or cannot come in, you can have someone else pay the interest for you and we will give them a new pawn ticket for the new loan. It will be still made out in your name and you will either have to give someone written NOTARIZED authorization to pick up the loan or come in yourself.
Yes, On day 121 we will mail you a reminder letter and you will received a 10 Day Grace Period.
No we Cannot
ome. We treat ALL transactions as confidential, so we are limited to what we can tell you over the phone. Due dates and interest amounts can be given, but they are on the ticket that we give to you and it would be much faster and easier to look at your ticket. We CANNOT tell you what is in each ticket, determine which ring is in which loan or give you other such info over the phone. This is to protect your right of privacy!
Maybe. But it may have already been sold, listed on the internet for sale, sold for 'scrap value' or otherwise not available. When material comes out of pawn, it is grouped together with other out of pawn items, sorted, cleaned and repaired as needed. Jewelry may be broken down into components or sent to be refined, or it may go to our inventory or offered on one of the many internet auctions we do.