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We lend money on almost all items of value from jewelry to tools, musical instruments, firearms, electronics, coins and much more. If you’re in need of cash, just bring in an item of value, leave it with us as security that you’ll pay the loan back, and in minutes walk out with cash in hand. For a limited time we’re almost giving money away. If you dont redeem your item thats ok also, we dont mind, we will never call or harass you .

No Credit Check Necessary

By providing an item as collateral, the need for a credit check and the need to distinguish high risk from low risk borrowers are eliminated. Once a person receives a loan, they are given 15 to 30 days to pay back the loan with interest or extend the loan for an additional 15 days or month.

Pawn Tickets

All pawn customers receive a detailed pawn ticket of the item pawned, amount borrowed, interest rate, maturity date, due date and amount due to retrieve the item from pawn. Your pawn ticket is important so be sure to put it in a safe place.

Loan Rates

To be able to furnish loans, we must charge rates corresponding to the risk, size, and duration of the loan as well as the collateral provided and resell value of the collateral. Pawn Shop loans are generally short term and high risk, and the pawned item is the only recourse we have to recover the amount loaned. There are no hidden charges, fees, costs associated with our loans as there are with other forms of lending such as payday advance and bank loans. However, our cost base is much larger. We have costs such as: security, regulation, and storage the other lending institutions do not incur. Because of the small percentage of customers that choose not to pay back their loans, we must recover the loan amount by selling the item on the sales floor. By doing this, we incur additional retail selling costs, that, again other lending institutions do not incur.

Foreclosure Procedure For A Pawn

If the borrower is unable to pay back the amount due within the loan period, the item is foreclosed on and becomes property of Berkeley Springs Trading Post. If you have any questions or concerns please do not hesitate to contact us. We’re here to make your experience as easy and worry free as possible.

© Berkeley Springs Trading Post