Pawn Shop FAQ - A Plus A Pawn Shop
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Pawn Shop FAQ

Los Angeles Pawn Shop Open on Sunday

A Plus A Pawn Shop

186 S. Alvarado St,

Los Angeles, CA 90057

Best Pawn Loans

Open 7 Days a Week

213 484-5414

Pawn Loans for Gold, Silver, Platinum, Jewelry, Diamonds

Frequently Asked Questions

What is a pawn shop?

If you are in need of a cash loan and have an item of value come and see your local pawnbroker at A Plus A Pawn Shop we alway have money to loan.

There is no need to be intimidated as our staff will work with you to make sure your experience is a 5 star deal. Pawn Shops are heavily regulated by Federal and State laws and we comply with all the local pawn laws and regulations.

How Does a Pawn Shop and Loan Work?

There are 3 main things that we do in our local shop located in Los Angeles downtown area.

  1. Customers borrow money from a pawnshop by leaving a collateral.
  2. Our customers sell us tools, electronics, iPhone, iPad, MacBook, jewlery and precious metals
  3. People buy new and used tools, electronics, jewelry and collectible items. Stop by our store and see for your self.

Get Cash Today!

How to Get a Loan from a Local Pawn Shop?

A Plus A Pawn Shop offers collateral based loans. These are loans that are secured by any item of value. You bring an item that a pawnbroker is interested in and we will evaluate it and offer you our best available loan. We will keep your item for the duration of your loan or until you repay the loan.

You can also choose to sell your item to us If its an item of value such as gold, silver, jewelry, or other valuables that we are interested in we will give you our best price. Customer service and satisfaction is our top priority.

Can I pawn my jewelry?

Yes, you can pawn jewelry, gold silver, watches or anything else of value.

Is Apple Computer, iPhone, iPad or Macbook good for loan?

Yes, you can pawn Macbook or other Apple computers, laptops and many other electronics.

How Long Do I Have to Get Items Back From Pawn Shop?

The pawned item remains secured with us until the loan is paid back. Our loans expire four months from the pawned date. At that time you can pay the loan or just pay interest and have an additional 4 months to pickup your items.

Can I Pick Up My Items Early?

You can pickup your items any time you like until the end of your loan term.

How Much Can I Sell My Jewelry for at a Pawn Shop?

On the average we buy and pawn jewelry between $5 and $10,000. The price we pay for jewelry depends on the precious metal, weight and the stones as well quality of the stones. Best way to find out is to bring your items to our local pawn shop and we will appraise and let you know the value. You decide if you want to sell or pawn.

Can I Sell Tools at Your Pawn Shop?

The next most common items for our pawn shop to buy are professional brand name power tools. We buy, sell and give loans based on the value of the tools. The kinds of tools that are most often loaned against are power hand tools. We buy, sell as well as give loans for tools like drills, circular saws, reciprocating saws, impact drivers, small tools that are easy to store.

What to do after getting a loan from a local pawn shop?

Once you pawn an item and accept our best price we create paperwork as required by law. You will review the loan and the terms as well as sign the pawn ticket. Your copy will be given to you and you will receive the cash. This pawn ticket contains all the terms, explanation of fees, due dates and amounts.

You always have 2 choices after you have a loan with a pawn shop.

1. You can return to our store and pay the balance which includes the interest before the deadline. Generally the loan is for four months.

2. Don’t return to repay your loan. We will notify you of when your loan is coming due just before the final date via regular mail. If you do not come in by the due date of your loan we will sell your item to recoup our investment. Most of our customers do not choose this method. Over 80% will come in and either claim the pawned item or pay interest for another 4 months.
The choice is up to you. Find a shop in which you feel comfortable dealing with. We prefer that you visit ours near Downtown LA and we are sure we can give you the best loan, best experience and customer service.

What are the Pawn Shop Loan Terms?


INTEREST CHARGES:

For the first three months, all loans for which the amount financed is below $2,500 the following applies:

Amount Financed Interest Charge Amount Financed Interest Charge Amount Financed Interest Charge
1¢ to $19.99 $3.00 $50.00 to $74.99 $9.00 $100.00 to $174.99 $15
$20.00 to $49.99 $6.00 $75.00 to $99.99 $12.00 $175 to $2,499.99 9% of Amount Financed

Interest charged during the first three months is the same on the first as the ninetieth day. Starting the fourth (4th) and Subsequent Months the total interest changes are: loan amounts of 1¢ to $100 = $3.00 per month; loan amonts more then $100 = 3% of the Loan Amount per month. These interest charges also apply to the Grace Period. A month is a period of at least thirty consecutive calendar days. On loans of $2,500 or more the interest rate is not regulated and can be negotiated between the client and the Lender. State loan period, all fees, and notice requirements still apply.

LOAN SET-UP FEE: $5.00 may be charged on each loan written or 3% of the loan amount, whichever is greater with a maximum of $30.00.

STORAGE CHARGES: ($1) for any article that can be contained within one cubic foot; ($5) for any article that cannont be contained within one cubic foot but can be contained within three cubic feet; ($10) for any article that can not be contained within three cubic feet but can be contained within six cubic feet; ($20) for any article that can not be contained within within six cubic feet and one dollar ($1) for each additional cubic foot in excess of six cubic feet.

NOTIFICATION FEE: A maximum of $3.00 may be charged for each notice sent.

MINIMUM/MAXIMUM PERIOD: A loan is due at the end of 4 month period with additional 10 day grace period. There is no minimum time to redeem a loan.


Sample Loan:

Amount Financed: $100.00
Finance Charge: $29.00
Total of Payments: $129.00
Annual Percentage Rate: 86.76%
PREPAYMENT: Interest is calculated on a monthly basis and savings may be made by paying off the loan on or prior to monthly anniversary dates.

Sample Loan Payments:

First Month: $123.00
Second Month: $123.00
Third Month: $126.00
Fourth Month: $129.00

What Is the Best Pawn Shop Near Me?

A Plus A Pawn Shop is the best! Near most major freeways and close to downtown LA. We continue to offer the best loans in LA and love new clients! Let us give you our best offer.

Read More about our best loan in Los Angeles – 0% Interest for 30 days.

Pawn and Loans in LA

Best Pawn Shop Near Me

A pawn loan is based on a value of an item which is pawned. The item remains secured with us until the loan is paid back.

Come in today and talk to our experts on the value of your items and you decide to sell or pawn them.
pawn shop la

A Plus A Pawn Shop

186 S. Alvarado St, Los Angeles, CA 90057

Located near Downtown LA and close to major freeways in Los Angeles on Alvarado Street between Beverly and 3rd St. We are the Best Pawn Loans Near You! Our Pawn Shop is open on Sunday.

Pawn Shop Open 7 Days a Week

Monday8:00 am ....... 7:00 pm
Tuesday8:00 am ....... 7:00 pm
Wednesday8:00 am ....... 7:00 pm
Thursday8:00 am ....... 7:00 pm
Friday8:00 am ....... 7:00 pm
Saturday8:00 am ....... 7:00 pm
Sunday8:00 am ....... 6:00 pm

Have a question or need a custom quote on your pawn item?

We are always answering our customers questions! Pawn Shop open on Sunday.

Pawn Shop Los Angeles