How do pawn loans work?

Pawn loans are a quick and easy way to borrow money without a credit check or hassle. Loans are based on the value of your collateral, not your credit rating or pay schedule. Subject to Virginia state laws, a pawn loan has a term length of 30 days, plus a 14-day grace period.

Can I extend my loan?

Yes. Customers are able to get an extension on their loan by paying the interest-only amount indicated on their pawn ticket. This automatically extends the loan for another 30 days.

How do you value my item?

When appraising your item, we take a variety of factors into account, including age, condition, brand, current market value and current demand. We also use historical pricing data and other available research tools.

How do you determine the price of gold & jewelry?

When appraising gold we must account for the purity of your gold (10kt, 12kt, 14kt, 18kt or 22kt), the condition of the piece we are appraising and the weight. In addition we must take into account the current market price for gold, as it can, and usually does change throughout each day.
With Diamonds and semi-precious stones, we inspect and test them to ensure they are real (not man made) and to assess their quality and condition.

Can I pawn a gun?

Absolutely! We accept firearms as collateral for pawn loans. We have a Federal Firearms License and eagerly comply with all state & federal regulations pertaining to firearm purchases and pawn. In addition, Cash Converters has an isolated, highly secure room for firearm storage. As an added safety initiative and we furnish local law enforcement with information on every transaction.

Are the items I pawn safe?

We take the safety and security of the items you pawn very seriously because, while your item is in pawn with Cash Converters, you still own it. That means it is our job to preserve its safety and condition while in our care. We keep your item stored in a secure and monitored area until you come back to pay your pawn loan in full and take possession of your item once again.

What do we buy?

We pay cash on the spot for a wide variety of products, many of which you have in your home! If you have something of value, you can always give us a call and ask our knowledgeable & friendly staff for an estimate.

Do you have a warranty policy?

We offer a 30 day warranty against defect on most of our products.

Do you offer lay-away?

Yes we offer no fee lay-away. We require a 20% deposit and you have 90 days to pay it off.

What do I need to sell something to you?

You need to be 18 years of age and have 2 forms of identification, with one being a valid government issued photo ID.

How do I get paid?

We pay you in cash on the spot, or offer store credit if you want to trade for an item we have in the store.