(954) 635-5510 info@hepawn.com

General Questions

What is a pawn?

Any advancement of funds on the security of pledged goods on condition the pledged goods are left in the possession of the pawnbroker for the duration of the pawn and may be redeemed by the customer based on the terms and conditions of the pawnbroker transaction form.

How do pawn loans work?

Pawn loans are based on the value of the collateral. Receive a loan offer. Next, a pawn transaction form is completed with all the terms and conditions. The collateral is safely stored. Finally, you are supplied with a pawn ticket which is your receipt for the item you brought in.

Do I need good credit?

No Credit Check! Pawn loans are based on the value of the collateral and NOT on your credit.

Who is the pledgor?

The individual who delivers pledged goods into the possession of the pawnbroker in connection with a pawn. A pledgor must be at least 18 years old with valid government id.

Are pawn shops licensed in Florida?

Yes.  We are licensed by Florida Department of Consumer Services.

What is the maturity date of the pawn?

30 days after the date of the pawn.

What happens if I can't make a payment by the default date?

Any personal property pledged to a pawnbroker within Florida which is not redeemed within 30 days following the maturity date of the pawn, if the 30th day is not a business day, then the following business day, is automatically forfeited to the pawnbroker, and absolute right, title, and interest in and to the property vests in and is deemed conveyed to the pawnbroker by operation of law, and no further notice is necessary.

The pledgor is not obligated to redeem the pledged good.

Can I extend my pawn loan?

Yes, however you must pay the accrued interest and pawn service charges due and we will give you a new maturity date. The principal loan amount remains the same along with the same interest rate.  There is no limit on the number of extensions.

Can I pay the loan down in increments?

Yes.

We will apply any accrued interest and pawn service charges due first, and then any additional money paid will be applied to the principal balance. This will then decrease the principal balance, which will result in lowering your finance charge (interest & pawn charges) for your next payment.

What is the max interest and pawn service charge a pawnshop can charge per month?

Up to 25%

What are pawn service charges?

The most common service charge is storage.

In a pawn transaction, a pawnbroker may contract for and receive a pawn service charge. The interest component of the pawn service charge shall be deemed to be 2 percent of the amount financed for each 30-day period in a pawn transaction. The pawnbroker may charge any amount of pawn service charge, so long as the total amount, inclusive of the interest component, does not exceed 25 percent of the amount financed for each 30-day period in a pawn transaction, except that the pawnbroker is entitled to receive a minimum pawn service charge of $5 for each such 30-day period.

Where will my items be stored?

Your collateral will be safely stored in our indoor storage facility in Pompano Beach.

Our warehouse is 4200 square feet. Two overhead doors 10 foot wide by 12 foot tall.

24 hours – 7 days a week monitored alarm system.

All collateral is fully insured for replacement value while stored.

**Larger boats may be stored at a local marina where they will be stored on a dry rack.**

What is Required

What is required to pawn my car?

1. Drivers License  2. Vehicle Registration  3. Proof of Insurance  4. Clear Car Title  

What is required to pawn my motorcycle?

1. Drivers License  2. Vehicle Registration  3. Clear Title  

What is required to pawn my boat?

1. Drivers License  2. Boat Registration  3. Proof of Insurance  4. Clear Boat Title  

What is required to pawn my trailer?

1. Drivers License  2. Trailer Registration  

What is required to pawn my truck?

1. Drivers License  2. Vehicle Registration  3. Proof of Insurance  4. Clear Car Title  

What is required to pawn my RV?

1. Drivers License  2. Vehicle Registration  3. Proof of Insurance  4. Clear Car Title  

What our clients say

Why Choose Us

Fast and Easy Approval.

No Credit Check.

Low Interest Rates.

Same Day Funding.

Secure Indoor Storage.

Can we assist you?

Please fill out the secure form and we will contact you shortly.