It is our responsibility to keep your information both safe and confidential. Pawn shops are regulated at a local, state, and federal level. Generally, if your item has a resale value, we can extend a loan, depending on demand and condition of your item. You can borrow money against jewelry, electronics, and power tools. Loans are based on a percentage of the value of your item. Your item can only be sold if it is forfeited and the interest charges are not paid. You have the option to just pay the interest charges and renew your loan for another term. You have up to 6 months plus a 10-day grace period. Your collateral will be forfeited and could be sold. For other items, value is determined by average sold prices through online sources and in-store sellability. You leave an item as collateral, we offer a loan amount, and you have up to 6 months and a 10-day grace period to repay your loan amount, with additional interest and fees, to recover your item.įor jewelry, value is determined by current precious metal or diamond wholesale market prices. Visit one of our two locations today!Ī pawn is a collateral loan. At CashCo we work hard to prove stereotypes wrong with excellent customer service and a friendly professional environment. Federal taxing authority or agency or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.Getting a short-term loan shouldn’t be an embarrassing experience. Pursuant to Internal Revenue Service guidance, be advised that any federal tax advice contained in this written or electronic communication is not intended or written to be used and it cannot be used by any person or entity for the purpose of (i) avoiding any tax penalties that may be imposed by the Internal Revenue Service or any other U.S. Responses are based solely on New York Law unless stated otherwise. Attorney is licensed to practice law only in the State of New York. To the extent additional or different facts exist, the response might possibly change. The response given is based upon the limited facts provided by the undisclosed individual asking the question. It should not be relied upon as legal advice. The response does not form an attorney-client relationship, nor is it intended to be anything other than an educated opinion of the author. The response given is not intended to create, nor does it create an ongoing duty to respond to questions.
You should seek the advice of an attorney. This reply is offered for educational purpose only. However, in NY you should have reported it to the police.
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