If you need quick money & don�??�?�¢??t want to sell your item, you have the option to pawn it rather than selling. With a pawn you use your item as collateral and exchange it for cash. The item is stored with the pawn shop (in a secured vault) until the customer redeems it according to the terms agreed upon, or the pawn contract defaults. A typical pawn may have a term length of 30 days plus a 30-day grace period. If you cannot pay back your paw in full (including any applicable grace period) we offer extensions/renewals to give you extra time in which case you also have the option of just paying the service fee & extending the pawn another 30 days. If the pawn is not repaid on time, including the interest and pawn service charges, the pawn broker can take possession of the item & can legally sell it. The benefits of a pawn are: 1. It is a quick, easy and safe way of getting a cash advance. 2. You do not have to pay it back. If you decide not to repay, there are no negative consequences. You have simply just sold us your item.

https://skjewelryandpawn.com/faqs/