Frequently Asked Questions

Frequently Asked Questions

How does pawning work?

As a pawnbroker, Northwest Pawn and Gun lends money on items of value, including jewelry, musical instruments, electronics, tools, household items, firearms and sporting goods. A pawn is also known as a collateral loan. We base your loan on the value of the item. After paying back the loan, your merchandise is returned to you. You can also choose to surrender your collateral as payment in full.

Why should I go to a pawn shop for a loan?

Northwest Pawn and Gun offers a quick and convenient way to get cash for gold, firearms and a variety of items. It’s great for a short-term cash need without a credit check. There are also no legal consequences if the loan isn’t repaid.

How is the value of my item determined?

We base the value of your item on its current appraised value, the condition and our ability to sell the item. We work to get you the most money we can for your item. We test every item you bring to us to ensure it works properly.

How do I know your merchandise isn’t stolen?

Less than one tenth of one percent of pawned merchandise is stolen. As a customer, you have to provide positive identification and a description of the item. That information is transmitted to law enforcement.

Are your loan rates excessive?

We base our rates on the size and duration of the loan, risk and collateral. Our loans are short-term with no hidden charges.