Pawn shops give the borrower a loan based on the value of whatever that borrower is willing to pawn.
Pawn shops give you a receipt for your property that includes the amount you owe to reclaim it and the date by which you must repay the loan.
Not exact matches
If you need money, you can go down to the
pawn shop and they will
give you money for your watch or a ring, and you then have a certain amount of time to go back and redeem your item.
If you're in a big hurry, a
pawn shop will usually
give you cash for your diamond, but expect the biggest drop in price.
The
pawn shop lends you an amount that is a percentage of the item's value and
gives you a short window — usually between 30 and 90 days — to pay it back with interest.
As a last resort, you can take a valuable item to a
pawn shop where they will
give you money for your item as a loan.
However, most
pawn shops will only
give you a tiny fraction of the real value of your valuables.
Pawn shops will generally
give you around 31 days to pay off the loan they
gave you for your car, same as any
pawned object.
You have no expectation of privacy once you
pawn it and the
pawn shop can and will
give it to police.