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Pawnbrokers lend money on most items of value. The easiest items to pawn maintain a reasonable value over time and are easy to store, like jewelry. Pawned items provide collateral, eliminating the need to distinguish high risk from low risk borrowers and allowing us to lend you money when you need it most!. Loans can be as small as $20 and as high as several thousand dollars depending on the value of the collateral. The average loan period is 30 days. Generally, interest rates will vary with the amount of the loan. The process is much the same as any other lending institution, with the primary differences being the size of the loan and the fact that customers provide items of collateral until the loan has been repaid or the loan period expires.
Absolutely! RJ Jewelry pays top dollar for gold, jewelry, musical instruments, small electronics and many more items of value.
Pawnshops offer a quick, convenient and confidential way to borrow money when you need it most! A short term cash need can be met with no credit
check or legal consequences if the loan is not repaid. We are a family owned business since 1995 and pride ourselves on paying a fair percentage of what the item would bring at the time it is sold. When you pawn an item with RJ Jewelry and Loan the terms of the loan are clearly outlined for you. The terms will include your name, address, type of identification provided to the pawnbroker, a description of the item, amount lent, maturity date, interest rate and amount that must be paid to redeem the item. RJ Jewelry and Loan Company is a licensed and carefully abides by regulated interest rates and other charges, such as storage or insurance fees.
If a customer defaults by not repaying the loan, the collateral becomes the property of the pawnshop after the loan is overdue by a set amount of time, generally one to three months. RJ Jewelry & Loan can sell the item at his/her discretion if you choose not to repay the loan.
On average, 70 to 80 percent of all loans are repaid. Like any good business, RJ Jewelry & Loan prides itself on fair, friendly service and has relied on good relationships with loyal, repeat customers since 1995. We know the vast majority of our customers because they often borrow against the same items more than once. We offer non-recourse loans, looking only to the item being pledged to recover our investment. It is always your choice whether or not you wish to repay the loan.
Less than one fifth of one percent of all collateral is even suspect as having been stolen. We work closely with local law enforcement to catch and prosecute people who steal merchandise. A customer must provide valid identification when making a pawn transaction. This information is accessible to the police department, therefore decreasing the likelihood that a thief would bring stolen merchandise to a pawnshop. After over 15 years serving the community, we are trained to look for signs in order to avoid stolen property. It is not in our best interests to accept any merchandise that could be potentially stolen. In fact, police will seize all stolen merchandise leaving the pawnshop owner without the goods and without the loaned money.
PRICE & SELECTION! We have new treasures ranging from tools, guitars, amps, video equipment, computers, cameras/video equipment, collectibles and so much more. We offer a great value and offer merchandise often ranging from 40% to 80% off retail prices. With five locations to serve you we offer an outstanding variety of items and a few treasures you would only find at our stores.
As a special thank you to our loyal customers, mention you where you found out about RJ Jewelry & Loan and we will give you a free REWARDS CARD which offer our valued customers free watch batteries and jewelery cleaning as well as significant discounts on loans over $500. Please see our Rewards Page for details.
Today, pawnshops offer a fair and often the only alternative to getting money fast. As you might have seen on shows like PAWN STARS, today's pawnbroker is upgrading everything from the interior and exterior of his or her shop, employee presentation, customer service, signage, marketing and quality of merchandise. We focus on providing exceptional customer service and are very active in the community, both politically, and in local charities.
RJ Jewelry & Loan Company has five locations to serve you.
Under the current credit crunch pawnshops are often the only real alternative to insure you have access to cash when you need it most. Contrary to common thoughts, pawnshops struggle in these hard times like any other retail business. In hard times, customers move away to find employment, have less ability to repay their loans, and the value of all merchandise goes down. Merchandise values go down because the major retail discounters sell for less to maintain or broaden market share. If retail merchants sell for less, so will we, thus earning a smaller return. Regardless of income level, most people periodically have to borrow money. In good times, customers are more able to repay their loans and unredeemed merchandise sells faster because customers have more discretionary income.
Absolutely not. Indigents and derelicts have no assets to use as collateral. No one builds a business around the people who have the least. Our customers are typically employed, living within a few miles from one of our stores, and occasionally needs short term cash for an unexpected bill such as a medical expense or car repairs. Shoppers and bargain hunters come from all walks of life and are eager to find that special treasure at often remarkable prices. Like any good business, RJ Jewelry & Loan Company is built loyal, repeat customers.
To provide the loan service, all lenders must charge rates commensurate with risk, size and duration of the loan, collateral offered, and recourse. Pawnshop loans are small dollar, short duration loans. The item stands as the sole collateral offering no other recourse, and we are liable for replacement value if something happens to the item while in their care. There are no hidden charges or fees as with other lending institutions. On the other hand, our cost basis is far greater. We incur cost for security, handling, storage, and regulation not incurred by others. Due to the 15-20% of pawn shop customers that elect not to repay their loans, pawnbrokers are forced to turn their "bad debt" into a retail center to recover their cost. Other lending institutions do not incur retail cost including additional floor space, gondolas, counters, personnel, advertising, shop lifters, retail competitive cost, and new merchandise cost to supplement the unredeemed goods.
Store Hours vary by location. Please find the store, along with store hours closest to you by clicking HERE