Welcome to our Frequently Asked Questions page. Here, we aim to answer some of the most common questions we receive about our services at Lincoln Pawn Shop. If you have a question that isn’t answered here, please feel free to contact us.
1. What is a pawn loan?
A pawn loan is a type of collateral loan where the borrower gives an item of value to the lender in exchange for a cash loan. The item is returned to the borrower once the loan, along with any interest and fees, is repaid.
2. What types of items can I pawn?
At Lincoln Pawn Shop, we accept a wide range of items including but not limited to gold, platinum, silver, diamonds, jewelry, coins, tools, musical instruments, and electronics. If you’re unsure whether we’ll accept your item, feel free to contact us.
3. How is the loan amount determined?
The loan amount is determined based on the value of the item you wish to pawn. We offer a free evaluation of your item to determine its value and the amount we can loan you.
4. How long is the loan term?
All our collateral loans are for a period of 120 days. We even send a 10-day reminder in case you forget about your loan.
5. What are the interest rates on your loans?
Our loan rates are very affordable and regulated by the state of CA. The interest cap applies to loans $2,499 or less. For more details, please see our store.
6. Can I sell my items instead of pawning them?
Yes, you can choose to sell your items to us outright instead of pawning them. We offer top-dollar for a wide range of valuable items.
7. What happens if I can’t repay my loan?
If you’re unable to repay your loan, please contact us as soon as possible. We offer flexible repayment options and will do our best to work with you to find a solution.
8. What is the process of getting a pawn loan?
Getting a pawn loan at Lincoln Pawn Shop is simple. Here’s how it works:
- Bring the item you wish to pawn to our shop.
- Our experienced team will assess your item and determine its value.
- Based on the evaluation, we’ll make a loan offer.
- If you accept our offer, you’ll receive cash on the spot.
- We’ll keep your item safe and secure in our storage until you repay the loan.
- You can repay the loan and any accrued interest over a period of time. Once the loan is fully repaid, you can reclaim your item.
9. How do I sell my items at Lincoln Pawn Shop?
Selling your items at Lincoln Pawn Shop is just as easy as getting a pawn loan:
- Bring the item you wish to sell to our shop.
- Our team will evaluate your item and make a purchase offer.
- If you accept our offer, you’ll receive cash on the spot.
10. Can I buy items from Lincoln Pawn Shop?
Yes, we have a wide range of items available for purchase at our shop. From jewelry and electronics to musical instruments and rare collectibles, there’s something for everyone. Our inventory is constantly changing, so be sure to check back often!
11. How can I contact Lincoln Pawn Shop?
You can visit us at our Anaheim location or give us a call at 714-229-5864. You can also reach us via our contact form on the website. We look forward to serving you!
Remember, our team is always here to help you navigate the process and answer any questions you may have. At Lincoln Pawn Shop, our goal is to provide you with fast, easy, and reliable pawn loan services.