faq

Frequently Asked Questions
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This is one of the most Frequently Asked Questions! A pawn loan is a collateral loan.  Just look around your house and bring in any item of value to pledge for the money you want to borrow. You can use more than one thing on one loan to help you get the cash you need. Your pledged items guarantee your loan, so there are no credit check and no hassles!
Getting a pawn loan is easy!

We can lend you money on just about anything.  If we sell it in our store, you can get a loan on it!  The most common items used for loans are jewelry, electronics, musical instruments, tools, firearms, and more. For more ideas, refer to What We Buy & Sell

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, and a get a new loan for the same amount.  You may also pay down on the principle to reduce your loan amount. The due date is reset for a new full loan term of 30-days, plus 30-days grace. 

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.

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, request an extension, or renew your loan by paying the interest due. 

Life is full!  Sometimes customers need a few extra days to come in and pay on their loan.  If this happens, you can request a loan extension for a specific number of days without fear of losing your item.  MobilePawn, our Mobile app offers our customers secure payment options without needing to come into the store.  You can extend your loan and pay your interest on the app!  Contact the store to get your MobilePawn activation code.

Come stop by any of our eight Dallas/Fort-Worth locations. You can find more details (e.g. store hours, location, contact information, etc.) by clicking on the link of the store location below and get directions instantly!

Big Town

Cedar Hill

East Dallas

Garland

Mesquite

North Dallas

South Dallas

W. Northwest HWY

Have another question?

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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