FAQ’S

Age:36

Household Income: $29,000

80% are employed

82% have high school diploma or GED

33% are homeowners

All ethnicities

Studies have shown that more than 50% of Americans are living paycheck to paycheck and that 32% of pawn customers borrow only twice a year to help cover unexpected expenses. If you’re experiencing tough times, USA Loans is a pawn broker that can help you. Stop by our location in Little Rock today.

On the average, 80% of our pawn loans are repaid. Repeat customers make up a large percentage of our business. We establish relationships with our customers, and they borrow against the same items repeatedly. Non-recourse loans made by pawnbrokers do something traditional banks cannot; provide quick short term cash loans most anything of value. Most customers pledge lawn mowers, jewelry, laptop computers and video game systems for a short period of time, then pay back the loan and take home their merchandise.

Less than half of one percent of all pawned merchandise is identified as stolen. Pawn shops require positive state issued identification and complete descriptions of the merchandise that is taken into a store. This information is transmitted to law enforcement daily, which decreases the likelihood that a thief would bring in stolen merchandise.

Yes, Pawnbrokers are governed by all the major federal laws that apply to all financial institutions. The Patriot Act, Truth in Lending Act, Equal Credit Opportunity Act, as well as Data Privacy and Safeguard of consumer information are part of the Federal Trade Commission (FTC) Rules. Pawn shops that deal in firearms also have to be licensed by the Alcohol, Tobacco, Firearms and Explosives (ATF). State and local city governments also place additional regulation on pawnbrokers requiring daily transaction reporting and yearly business/privilege licenses.

Loan amounts vary according to the value of the item. Age, overall condition and other factors like demand, all contribute to the loan amount. Typically a pawnbroker will loan a quarter to a third of the current value of that item. All items that pawn shops buy or pawn are tested to ensure that they work properly.

Pawn brokers make quick, convenient and confidential loans. Short term cash needs can be met at pawnshop, with no credit check and no credit consequence if the loan is not repaid. Life events like medical expenses, unexpected car repairs, rising gas prices and higher that usual utility bills can leave someone with no financial safety-net in difficult situation. Pawnbrokers can make quick cash loans to cover these unexpected expenses. Did you know that an $80 pawn loan for 30 days is less expensive that a bank overdraft fee, credit card late fee or utility reconnect fee?

A pawn is another term for collateral loan. Pawnbrokers lend money on items of value ranging from gold and diamond jewelry, musical instruments, televisions, electronics, tools, household items, firearms and much more. We specialize in firearms. Loans are based on the value of the collateral. When customers pay off the loans, the merchandise is returned to them.

If you are looking for a pawnbroker in Little Rock to exchange items for cash, come visit USA Loans on S. University. Click here to learn how our pawnbrokers loan cash.