Glades Pawn
5 Things you should know before going into a pawn shop.

1. What does Glades Pawn do? The core of Glades Pawn is making collateral loans. Glades Pawn offers loans, secured by something of value. We will also purchase your items if you are not looking to get a loan. We also have other business elements here at Glades Pawn such as retail sales, computer repairs and Ebay sales and purchases.

2. How does a pawn loan work? Customers bring in an item of value, and Glades Pawn offers a loan based on a percentage of the item's estimated value. Glades Pawn then keeps the item until our customer repays the loan with interest and any additional fees that may apply. Glades Pawn is regulated on a federal, state and local level.

3. How much money can I get for my item? On average, customers receive a portion of the item's retail value. Glades Pawn must consider the cost of storage, security and future demand for the item, along with resale value if the loan is not repaid. The average loan amount is $150. However, loans can be made in any amount, depending on the value of the pawned item.

4. What do I need to get a loan? In order to secure a loan, you simply need an item of value and proper identification. Pawns do not require a credit check, bank account or co-signer.

5. What happens if I don't repay my loan? Defaulting on a loan can never affect a customer's credit scores. Because the loan is based on collateral- that is, an actual piece of property- the loan is considered paid in full when the item is handed over to Glades Pawn.

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