FAQ

What is a Pawn Loan?

Pawn Loan is an advancement of cash on the items that you already own. Standard duration of the loan is 60 days, but it can be extended under repayment plan if interest payments are made on time. At the end or prior to the end of a loan term you may redeem you item by paying off the loan and interest amounts. There are no credit checks or financial disclosures on Pawn Loans.

What is the minimum and maximum amount of money I can get from Celebrity Pawn?

Count on Celebrity Pawn as a source that can offer you the cash you need! Each loan or buy offer is determined on a case by case basis, but general rule is that loans can be as low as $100 and as large as $1,000,000 and we are self-capitalized to offer you a needed amount on the spot or upon expert appraisal.

How do You Determine the Monthly Rate for my Asset?

The monthly rate for your asset is determined by your loan amount, asset type, condition  and uniqueness of the item, labor intensiveness of asset storage and handling.

What can I pawn with Celebrity Pawn?

We specialize in luxury assets such as:

  • High-End Jewelry
  • Firearms
  • Vehicles & Motorcycles
  • Marine Vessels
  • Luxury Watches
  • Precious Metals & Collectibles
  • Loose Diamonds & Gemstones
  • Fine Art
  • Electronics & Equipment
  • Brand name musical instruments
  • Luxury handbags

 

What if I don’t see my item listed under ‘Assets We Accept’?

Celebrity Pawn lends against many other types of assets, and if you wish to receive a purchase or pawn offer for your unique situation please contact us directly at (954) 320-4688 .

How is my final loan offer determined?

At Celebrity Pawn we strive to lend you the money you need and your satisfaction is our priority. Largest factor that impacts our loan offer is an evaluation by our appraisers that takes items market value, condition, rarity and authenticity in consideration.

Do I have to make monthly payments?

Loans come with 30 days term with an automatic and unconditional 30 days extension. At the expiration of 60 day term borrower must either redeem the item by paying off the loan and interest, or make the accrued interest payment and request an additional extension.

Are there any extra charges I should expect when pawning an item with Celebrity Pawn?

At Celebrity Pawn we do not charge any hidden or junk fees. The only additional fees that maybe imposed on the borrower are the storage and transportation fees for oversize items, as well as expert appraisal and inspection fees that might be charged in connection with rare or antique item evaluation.

Are my items safe with Celebrity Pawn?

Your items are stored within secure safes for the entire duration of a loan period and only accessible by authorized personnel. In addition your assets are fully insured for their fair market value amount.

What happens to my item if I decide not to pay back my loan?

The fact that we are proud of is that over 75% of our customers reclaim their pawned items. However, it is very important to know that if no payment is made on or before 60th day of a loan, borrower’s right of redemption expires and absolute ownership to the pledged goods conveys to us by operation of law, and we will eventually attempt to resell your item.

What areas does Celebrity Pawn cover?

Currently a majority of our business is concentrated in South Florida. Our appraisers are available to meet you at comfort of your home, or please feel free to setup an appointment and meet us for high-end items evaluation at out Aventura, Florida office.