Q: How Does a Pawn Shop Work?
A: Pawnbrokers lend money on items of value ranging from gold and diamond jewelry to musical instruments, televisions, tools, and household items. These objects maintain their value over a reasonable period of time.
Usually, our loans are between $75-$150. Although, they can be as low as $20 to as high as $50,000 depending on the value of your collateral.
Q: Do Most Fast Cash and Pawn Customers Lose Their Merchandise?
A: On average, 85% of loans are repaid. Similar to any other lending or retail establishment, repeat customers make up most of our business. At Fast Cash and Pawn in Northwest Chicago, we know the vast majority of our customers because they often borrow against the same items over and over again.
It is the choice of the customer whether he/she elects to repay the loan.
Q: This Doesn’t Look Like My Father’s Pawn Shop. Why?
A: The image of a dark, seedy, Hollywood-inspired pawn shop frequented by derelicts and criminals is long gone. Fast Cash and Pawn focuses on providing exceptional customer service in a clean, safe, friendly, and comfortable environment.
Q: What Types of Items Does Fast Cash and Pawn Take on Loan?
A: Fast Cash and Pawn in Northwest Chicago makes loans on just about any item of value.