FREQUENTLY ASKED QUESTIONS
Why should I pawn at Antioch CJP?
We have 35 years combined experience in the industry and specialize in customer service- you’ll find our associates to be courteous and focused on your needs. Customer convenience is also key – We are open on Saturdays, and we have a mobile app where you can see photos of your items in loan, see due dates, and make renewal payments on loans and layaways. We do not charge a lost ticket fee, but many pawn shops in the area do. We understand it can be hard to keep track of things, and we won’t penalize you for it. We are also a member of our trade association, the California Pawnbroker’s Association, which maintains the highest standards for the industry.
What is a pawn?
A pawn is a loan with your items as collateral – such as coins, jewelry, electronics, musical instruments, and designer goods. In California, the loan is four months long. Any time during that period you can pay the loan off and receive back your goods, or you can pay just the interest and renew the loan for another four months. If you don’t come back to redeem or renew the loan within four months, the item becomes ours and we resell it to recoup the money we loaned.
How often will I make payments on my loan?
When you take out a loan with us, you only need to make one easy payment. You are able to repay the loan at any point during the loan contract. Once the loan is repaid, your items are returned to you. There is also the option of paying the interest on the loan and using that payment to set up a new four-month long loan.
Why are the prices on items you sell lower than other stores?
When pricing items, we base it off of the current resale value of a secondhand item. This is always much lower than the original retail price, even if the item is like new. We are in the instant cash market as well, so we price low and well so that we can always have room for more new inventory.
What items do you accept?
We specialize in gold, silver, and platinum jewelry, coins, diamonds, fine watches including Rolex, high end designer goods such as Louis Vuitton & Chanel, electronics, tools, musical instruments, bicycles, and other items of value. If you have a question about whether or not we would take something, just send us a text with a photo of the item and your question. You can call or text at the same number: (925) 777-1492
Should I sell my item or pawn it?
The majority of our customer pawn their item, because it has sentimental value to them and they eventually want to get it back. However if you feel you don’t need to get a loan on the item you can sell it outright to us, and you get a little bit more money that way too.
Do you also sell jewelry, coins etc.?
Yes we sell all the types of merchandise that we buy and pawn- jewelry, coins, electronics, and designer goods. We make fantastic deals because we are always getting new items to sell from foreclosed loans and that people sell to us.
What is the interest rate you charge for pawns?
It varies by the amount you receive but it’s probably lower than you think. California regulates pawn shops intensively and is one of the lowest interest rate states in the country. Our loans carry much lower interest rates than typical payday lenders or title lenders, and we don’t hassle you endlessly to come pay back your loan if you don’t want to. That’s because the loan is fully collateralized by the value of the item pledged. You can walk away and the item becomes ours, but we don’t report you to credit bureaus and you’re free to get another loan in the future.
If you have a question that was not answered, call or text us today at (925) 777-1492 or stop in for a visit.
