Jewelry Loans: How it Works


 

 Bring in your valuable jewelry items for a quote. Our Gemologist will evaluate your items and make you a cash offer to purchase your items or an amount we will loan against your items. Our sister company is Accurate Gold Refiners & Assayers LLC which is regulated by the Pennsylvania Department of Banking. We provide instant jewelry backed loans on site. We will loan up to 75% of the cash value of your items! All we will need is your drivers license to buy or provide a loan. We will issue a receipt or pawn ticket for your items and pay you. We follow all the rules and regulations set forth by the state, so rest assured that you are in good hands and your precious items are safe. 

Loan Terms:

The term of the loan is 4 months. When you make interest payments we will gladly extend the loan. If you would like to get a loan for a longer than 4 months, no problem. Just tell us how much time you need and we will write the pawn ticket accordingly. 

Interest Rate & Charges:

The rate of Pawn interest in Pennsylvania is 3% per month. For every $1000 borrowed, the loan will cost $30 per month. If you borrow $500, the loan will cost $15 per month.  We DO NOT charge any fees whatsoever.

Forfeiture:

Many customers ask what happens after 4 months, do I forfeit my items?  The answer is no, nothing immediatly happens. In Pennsylvania, no pawn can be forfeited before 7 months. If you do nothing for 6 months, we will send you a letter in the mail advising you to pay the interest owed. You then have 30 days to pay interest or pick up your items, if not you will forfeit your items.