Pawn loans provide a quick and hassle-free way to borrow money without a credit check. The loan amount is based on the value of your collateral, not your credit rating or pay schedule. Our pawn loans come with a 30-day/one-month term, plus a 30-day/one-month grace period. If you’re unable to repay the loan in full, including the grace period, we offer extensions/renewals to give you extra time. You also have the option to surrender your collateral as payment in full. We accept a variety of items as collateral, including gold and diamond jewelry, electronics, musical instruments, and tools. Simply bring your valuable item and a valid photo ID, and we’ll get you the money in minutes after approval. Please note that you must be 18 years or older to sell or get a loan.

How do you determine an item’s worth?

We determine pawn loan amounts based on the item’s current appraised value, condition, and our ability to sell it. Our appraisal process varies depending on the item type. For example, jewelry is evaluated differently than a DVD player. Our internal pricing and research department reviews thousands of items to ensure that our pawn loan values align with the general marketplace for pre-owned merchandise. They provide us with the item’s retail value when it was new, its pre-owned market value, and how to determine its condition.

How do you determine the condition of an item?

The item’s condition is always taken into account during the appraisal process for a pawn loan. We test each item to ensure it is in good working condition. The better the condition of your item, the more money we can loan you. This applies to any collateral.

How do you determine the value of jewelry?

For jewelry used as collateral, we test the precious metals and diamonds to determine their worth. This includes a visual inspection using a jeweler’s loupe, weighing the item, sizing any stones, and noting the cut/color/clarity of each. We also test the metal using a special acid to determine the karat of gold.

Is my collateral safe while in pawn?

Your item is securely stored while in pawn, and you still own it. We keep all accessories with your item and place it in a secure area. Your item is fully insured for the loan value while it’s in our care.

Are pawnshops regulated?

Yes, pawnshops are regulated by federal and state laws, including Truth In Lending Act, Equal Credit Opportunity Act, Fair Credit Reporting Act, Patriot Act, and others. We are also subject to regulations by the Federal Trade Commission, Bureau of Alcohol, Tobacco, Firearms and Explosives, and the Treasury Department.

Are pawnshops stocked with stolen merchandise?

Less than 1 percent of items are identified as stolen goods. Pawnshops are highly regulated and work closely with law enforcement to identify stolen property. We utilize an Internet-based crime-fighting tool to share pawn transactions with police departments nationwide on a daily basis.

Can I pawn a gun at Texas Dollar Pawn?

Yes, we accept firearms as collateral for pawn loans and also sell firearms. We are registered as a firearms dealer and comply with all federal regulations.

What is a loan extension?

If you are unable to pay back your pawn loan in full on its due date, you may be able to get an extension, if permitted by state law. With an extension, you will be required to pay a portion of the interest owed, then you may extend the length of your pawn loan for as many days as allowed by state law.

Why does the loan amount differ from the selling price at local retailers?

Our pawn loan values are based on pre-owned retail prices, not the item’s original cost. Any collateral turned over to us is priced accordingly on our sales floor. The loan amount we offer is based on the selling price and our ability to sell the item, while allowing for the cost of storage, insurance, and other business expenses.