About Mr. Pawn
Come check our store out, the deals will amaze you!
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 Boulder City Nevada, the term of the loan is 150 days. You can pay the interest at this time and we will give you a "new" loan, again good for another 150 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!