Frequently Asked Questions
Fast Cash Trading Center buys and lends based on a percentage of the resale value of the product being considered. We take many things into consideration, such as:
Pawn
How does a pawn work?
First of all, what is a pawn? Pawn is a simple way to get quick cash in your hands. Pawn does not require a credit check as it is not based on your credit score. but on the market value of any personal item or merchandise you want to use as pawn collateral. So whether you have 850, 300, zero, or negative credit scores, pawn is for you.
Now we’ll explain how pawn loans work. You can bring any item of value into one of our pawnshops. Our experienced pawnbrokers will perform a free competitive appraisal based on the real market value and conditions of your item.
If you accept our offer, you’ll sign and fingerprint a pawn transaction. You will then have 30 days to pick up your pawned items. Although, we'll hold your item in our warehouses, your property remains yours. All pawned items are fully insured and protected with 24/7 video surveillance and state-of-the-art vaults.
Ready to redeem your valuables within the 30 days? Simply, pay off your pawn principal and fix pawn rate and that's it! You can take your item home.
Can I extend my pawn contract?
Do you need more time? Absolutely, we got you. You can extend the term of your pawn. No questions asked. All you need to do is pay the fixed pawn rate and your transaction will be extended for another 30 days. You can do this in person or over the phone. Only debit cards are accepted for extensions. Remember, pawn is an alternative solution for your SHORT-TERM financial needs. The sooner you redeem your items, the better.
Want to walk out of your pawn? No problem. If you don't miss your pawned item and don't wish to redeem it, have no fear. Your credit won't suffer, and you won't face any penalties should you decide to abandon your pawned merchandise. And you will always be more than welcome to come back and do more business with us.
Can I pawn even if I have a low credit score?
Absolutely. Our pawn service is collateral-based and do not require credit checks. So whether you have 850, 300, zero, or negative credit score, you can pawn.
If I already have a pawn, can I get a second one?
YES! You can pawn as many products as you want. You can come as often as you’d like too. We are here to provide short-term financial solutions for all of our customer's needs.
How many days do I have to redeem my merchandise?
Pawn transactions expire 30 days after the signature of the transaction. If for some reason, you cannot stop by, we invite our customers to call us. We are here to help you in any way we can.
If you decide to abandon your pawned items, have no fear, there will not be any consequences to your credit and you won't face any penalties. And you will always be more than welcome to come back and do more business with us.
Is my item (collateral) safe while on pawn?
Absolutely, all pawned items are fully insured and protected with 24/7 video surveillance and state-of-the-art vaults. For more information on how we ensure the safekeeping of our products, please contact us or call any of our stores.
What happens if I don’t pay back my pawn? Can I still pawn something else?
If you decide to abandon your pawned items, there are zero consequences to your credit and you won't face any penalties. Should you choose to walk out, the title of the item passes to us with no action needed on your end. And you are still more than welcome to come back and pawn, buy, or sell any other items.
Shop
How does your pawn shop layaway program work?
If you fall in love with a product at any of our stores, you can seal the deal with a 10% down payment based on the product of the item. And then you can take up to 90 days to pay in flexible installment payments. Once you've paid in full, the item is yours. Our Christmas program allows you to secure your Christmas shopping from July. Our Layaway Program is FREE of charge. It does not require a credit check or credit card payment.
Our clients use our Layaway Program often when they want to buy a special product, like a piece of jewelry or a luxury watch.
Contact us for more information!
Can I use the layaway program for gold?
Of course! See details on the question above if you are curious about how our layaway program works.
Gold, Precious Stones, & Luxury Items
How do you determine the price of gold?
The price of gold fluctuates constantly depending on global prices. It also depends on the purity of your gold. 24k is pure gold, so this of course will get the highest amount. 18k, 14k and 10K are a mixture of gold and other metals such as silver and copper and are therefore less pure and less valuable.
We are equipped with state-of-the-art technology that allows us to identify the purity of your gold without damaging it. Bring your gold and precious metals in for a free appraisal!
How do you determine the price of diamonds?
Our pricing is determined by size, cut, clarity, carat, and color.
Do pawn shops take scrap gold? Do pawn shops take broken jewelry?
Yes to both! The value of gold depends on the purity of the gold and also on its weight. Even if your jewelry is broken, bent or missing stones, you can still pawn it or sell it.
Can I sell or pawn my diamonds?
Yes! We are the best place to pawn, buy, and sell natural diamonds. If you have a special diamond, we invite you to call us in advance so that we can plan an appointment with our GIA certified pawnbrokers.
We are fully equipped with state-of-the-art technology that allows us to identify natural diamonds from lab grown diamonds. We only pawn, buy, and sell natural diamonds.
Can I sell or pawn my watch?
Yes! We are an expert in luxury watches. We specialize in Rolex, Jaeger, LeCourltre, Greget, Piaget, Patek Philippe, Acheron Constantin, IWC Schaffhausen, Cartier, Chopard, Piaget, Bulgari, Hublot, and more. As well as other contemporary brands.
We encourage our clients to bring the original boxes and certificates of authenticity.