If you need money fast and own something valuable, pawning could be an option.

What Is Pawning?

Pawning is just another way of borrowing money. You leave something valuable (the pawn) as security with a pawnbroker and you receive a loan. When you can pay the money back, plus interest, the pawnbroker returns your goods. If you don't repay the money, the pawn shop can sell the item you pawned.

Pawnbrokers can lend all amounts of money, from about a five to thousands. Although most things can be pawned, items tend to be jewelry, watches and gold (because they are easy to store and resell). It's a good way of getting cash loans quickly, especially if funds are difficult to get elsewhere.

Making the Agreement

The process of getting cash for gold or for pawning other items is pretty simple:

Getting the Item Back

You can get your item back at any time by returning your pawn-receipt and paying what you owe under the agreement. This is known as "redeeming."

You normally have 4 months in which to do this, although pawnbrokers will agree to a longer period if you pay your interest. A pawnbroker can refuse to redeem a pawn only if there is good reason—for example, if you do not present your pawn receipt, or if the pawn receipt does not belong to you and you do not have the borrower's permission to redeem the pawn.

 
Extra Time to Pay

If you cannot redeem your item and do not want your pawn to be sold, the pawnbroker may agree to renew your loan. Usually you will be asked to pay the interest that has built up. You will be given another agreement.

What Community PawnBrokers Can Do for You
Cash Loans | Cash for Gold

NYC's Gold Buyers • Jewelry Buyers • Electronics Buyers

Serving Brooklyn, Queens and all of NYC from convenient locations, including our flagship Flatlands store.

When you need fast money, getting cash couldn't be easier . . .

•  Instant loans $5 - $500,000
•  Professional service
•  Competitive rates

Our pawnbroking services are confidential and fast.

Sometimes life hands us unexpected emergencies and we need help. That's why Community Pawnbrokers offers the best service around. We understand how important it is to get cash loans quickly.

We loan money confidentially against gold or platinum jewelry and selected prestige watches. Just bring your jewelry to one of our branches and our trained staff will assess your items and calculate how much you can borrow against them. (Proof of identity will be required)

Your jewelry will then be securely stored for a few months and interest will be charged at a monthly rate. When you decide to collect your jewelry, you simply pay back the cash loans and any interest that may have accrued and take your jewelry away.

Cash loans can be renewed at any time by simply paying the interest up to date.

We always try to offer the most cash for your jewelry and the best interest rates around.

If you need cash quickly and confidentially, why not call one of the convenient branches of Community PawnBrokers to see how much you could borrow?


Proof of identification required.