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, and a loan term with a 10-day grace period to repay your pawn (loan) amount. You can renew this loan as many times as you need and we will work with you during 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?
At Smyrna 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 after the grace period.
If I Don't Pay My Pawn, What Happens?
We will put your item up for sale, work with you on a layaway term 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. We can do small pawn term arrangements and 35.99% apr for 20K pawn and above. For example, on a one year fixed rate 25K pawn loan the monthly interest would be $750.00. We DO NOT charge pawn ticket fees, or storage fees.
How Do You Determine The Loan Amount?
We will loan anywhere from $20 dollars to $100,000. 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 & JEWELRY
Get the best pricing on gold in the area. We have a trained team with Gold and Silver Brokers ready to buy or pawn your Gold & Silver today. Turn your old unwanted jewelry into cash. Your choice: Sell to us. Or borrow cash.
lUXURY HANDBAGS
We have been buying & selling handbags in the Smyrna Georgia community. Pawn specialists inspect every item for quality before buying, selling, and loaning. That way you can trust you're always receiving the highest value for your goods.
PAWN & BUYS
APR rates as low as 35.99%
At Smyrna Pawn our focus is to help our local community meet their day to day cash needs. Your choice: Sell to us. We offer something that no other pawn shop in or around Atlanta offers.
Anything of Value
Your choice: Sell to us.
Electronics & Appliances
Luxury Handbags
Anything of Value
Scooters
Name Brand Items
Anything of Value
630 Windy hill road se
smyrna, ga 30080
We offer the best item-backed loans in the area. Our plans are flexible with a maximum repayment period of 10 years. Our interest rate is 2.9% 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 review our FAQ page or give us a call.
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