FAQs
FAQs at Our Pawn Shop
- What is a pawn loan?
A pawn loan is a loan that is secured by an item. The money is lent to you in exchange for some item(s) of value such as jewelry, computers, phones, firearms, and lawn equipment.
- Is a credit check needed for a pawn loan?
No, the only thing you will need is a valid I.D.
- How is the value of my jewelry loan determined?
We use the factors of spot value of the type of precious metal your jewelry is made from, the condition of your jewelry, and its potential to be sold quickly.
- How long do I have to repay my loan?
The length of every loan varies. It depends on a variety of factors but generally, it is anywhere from 30 days to 90 days. Although interest will accrue, you can renew loan contracts. In the event you cannot repay your loan, we will simply keep the item that you pawned.
- Is my collateral safe while in pawn?
Yes, you still own your item while it is pawned. We are responsible for keeping it safe and secure while we await your repayment. We keep your items secured and away from customers until you come back to pay your loan and reclaim your items. If you pawn several items, we keep it all together.
Contact Our Pawn Shop Today
Yankee Peddler & Loan is a pawn shop serving Norwalk, CT, and the surrounding areas. We provide pawn and jewelry loans to customers. A pawn loan is a great option for customers who need a little extra cash for a short period of time. Contact us today to learn more about our jewelry loans or for any other questions you may have!