faq

Frequently Asked Questions

A pawn loan is a collateral loan on items of value you already own. Just look around your house and bring in any item of value to pledge for the money you want to borrow. You can use multiple items to help you get all the cash you need. Your pledged items guarantee your loan, so there are no credit check and no hassles! The most common items pawned are gold and diamond jewelry, designer handbags, firearms, electronics, and tools. Read more about the process on our webpage Getting a pawn loan is easy!

We can lend you money on just about anything of value.  If we sell it in our store, most likely you can get a loan on it!  The most common items used for loans are gold and diamond jewelry, broken gold, designer handbags, firearms,  electronics, musical instruments, and tools. To get an estimate of your collateral value, use the contact form on our website to upload photos and a detailed description of your items.  A final loan offer is made after testing and inspecting your valuables at the store.

If you are not able to re-pay your pawn loan in full on its due date, you may ask for a renewal. With a pawn loan renewal, you pay the interest that has accrued on your loan. Then you receive a new pawn ticket with a new date for 30-days, plus a 30-day grace period.  Also, you may pay down on the principle to reduce your loan amount.

The Texas Office of the Consumer Credit Commissioner sets and publishes pawn loan interest rates in Texas each year. Pawn loans accrue interest daily, and your interest payment is figured on the amount of money you borrow times the number of days you have the loan. One of our friendly Sales & Loan Associate will explain all the loan terms and answer any questions you have about your loan.  Click the link to view the Texas Pawn Rate Chart

We can loan you as much money as you need. In general, we typically lend you up to $1,380 on one pawn ticket. For higher value loans, speak to one of our store managers, and discuss how much money you can get for larger collateral items like gold and diamonds, cars, boats, or commercial equipment.

Pawnshops are one of the most highly regulated loan agencies in Texas. The Texas Office of the Consumer Credit Commissioner regulates pawn loans and pawn interest rates. As a licensed Pawnbroker, Uncle Dan’s strictly follows all the guidelines for terms and interest rates charged. Pawn loans in Texas are structured as 30-day loans, with a 30-day grace period. You may choose to pay off your loan before the due date without penalty.  Pawn loans accrue interest daily, even during the 30-day grace period. So the sooner you pay it off, the less interest you will owe.  If you are not able to repay your loan within the grace period, you may surrender your collateral without penalty, extend your loan due date through our app, MobilePawn, or renew your loan by paying the interest due. 

Life is full!  Sometimes it can be difficult to get to the store to make loan or layaway payments. Luckily, we have an app for that!  Through our free app, MobilePawn, customer can extend loan due dates and make layaway payments online!  MobilePawn is available for iOS and Android devices. Download MobilePawn from your app store, and call the store for an activation code to connect your account.  Please be aware that loan extensions are different than loan payments. Loan extensions move your due date forward and buy your more time to pay. Extensions are not applied to current interest due. You can extend your due date for up to 120 days online before returning to the store. At termination, any extension overpayments are applied to the loan balance.

With nine locations in the Dallas area, Uncle Dan’s Pawn is one of the largest independent pawnbrokers in North Texas! Use the location links below to see addresses, phone numbers, hours, and map locators for each store.  Be sure to check out our discount retail store, Uncle Dan’s Outlet where you’ll find housewares, kitchenware, and home decor at wholesale prices!

Big Town

Cedar Hill

East Dallas

Garland

Lake June

Mesquite

North Dallas

South Dallas

W. Northwest HWY

Uncle Dan’s Outlet

 

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Our customers are important and we appreciate your comments and feedback.  If you have a question, problem, or want to give a Sales & Loan Associate a pat on the back, please use the contact form below.  We’ll get back with you in a jiffy!

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