Frequently Asked Questions
Have a Question? Read our FAQs or Call Us!
We pride ourselves on honesty, integrity and respect for our customers.
What Is Pawn?
A pawn is a collateral short term loan. You bring in an item, and leave it as collateral, we offer a dollar amount to loan. You can renew this loan by talking to use and we will work through the process.
How Do You Determine The Value Of An Item?
We determine the value of the item(s) based on in-store, auctions, and prices online. The easier the item is to value, the easier it is to loan on. When dealing with precious metal (gold/silver) or diamonds we determine the value by current market dealer prices.
What Happens If I Don't Pay On A Loan/Pawn?
We send a text and phone call notice when your pawn is due. We also have an app which allows you to pay and monitor your pawn loan(s) and balance. If we do not hear back from you within a few days of your late notice, we will take possession and sell your item.
If I Don't Pay My Pawn, What Happens?
We will put your item up for sale, work with you on terms or whole-sale to a dealer. This all depends on the item and your communication with us.
Do You Need Good Credit To Pawn or Sell With You?
No credit check is required.
What Items Can I Pawn?
We loan/pawn on any items with value, especially precious metals, diamonds, newer electronics, gaming system and tools.
What Are The Interest Charges?
We offer custom loan terms and will work with you to meet your cash needs. APR rates as low as 35%. If you’re looking for cash today then we can help you with our professional pawn service.
How Do You Determine The Loan Amount?
Our professional staff bases pawn loan amounts on the value of your item—its current appraised value, its current condition and our ability to sell the item. We use all the research tools we have at our disposal to determine an item’s value and get you the most money we can. The amount of the loan offered is based on the wholesale, resale/secondhand value of the item, not the new price.
Do Most Customers Lose Their Merchandise?
On average, 80%+ percent of all loans are repaid. Repeat customers make up much of our business. Some customers borrow against the same items regularly. If the borrower chooses not to repay the loan and interest charges, we must try to recover our investment from the item left in pawn. We prefer that customers return for their property.
Are Pawn Shops Regulated?
Yes. States have regulated the pawn industry for decades. In addition, local authorities oversee licensing and regulation of most pawnbrokers. We are subject to laws such as Truth In Lending Act, Equal Credit Opportunity Act, Fair Credit Reporting Act, Patriot Act, and Federal Trade Commission Rules on Data Privacy and Security Transfer. At the federal level, regulatory authorities include the Federal Trade Commission (FTC), Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), and the Treasury Department.
GOLD & SILVER
Selling your gold, silver or any other kind of jewelry can be a serious decision. At PB Pawn & Jewelry, we take the time to value every customer’s jewelry individually and carefully. We are offering great deals on all gold items in the store.
DIAMONDS
Diamonds are what we do. With 31 years of experience in the diamond industry from cutting, polishing and wholesaling we can expertly evaluate your diamond and offer you the maximum cash value in less than 15 minutes.
PAWN
PAWNING IS NOT SELLING
We at PB Pawn will work to meet your needs. APR rates as low as 35%. If you’re looking for cash today then we can help you with our professional pawn service.
INSTRUMENTS
We’ll carefully examine your instrument to make sure it’s in good and usable condition. Afterwards we will assess it based on current market price. Finally, we’ll make you a cash offer that you can either choose to accept or decline.
1950 Garnet Ave, San DiegO, CA 92109
San Diego, CA
Mon-Sat: 10 am - 6pm
Sunday: 10am - 5pm
(858) 263-4904
PB Pawn & Jewelry offers the best item-backed loans in the area. Our plans are flexible with a maximum repayment period of 10 years. Our interest rate is 3% per month or 35% APR when clients borrow 30%-50% of the liquid wholesale value of their pledged collateral over $10,000. For example, if you have an asset with a liquid wholesale value of $25,000 and borrow $10,000, your interest would be $291.66/month. If you borrowed the money for 3 months, your total payback amount would be $10,740. Loans greater than $50,000 can qualify for even lower rates. If you have any more questions please give us a call.
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