Pawn Loan Terms & Rates
Same terms at all four Colorado Springs stores, written on your pawn ticket before you sign. No hidden fees, no early-payoff penalty.
See What a Loan CostsFind a StoreThe Rates
Active-duty military or a dependent? Federal law caps your rate at 36% APR (3% a month) and we honor it on every loan — see military pawn loans.
The finance charge is a flat monthly percentage of the amount you borrow. There are no set-up, storage or ticket fees on top of it. Firearms: a CBI background check and its fee are required by Colorado law when you pick the gun up. Since August 1, 2026, Colorado treats certain semiautomatic rifles and shotguns with detachable magazines (AR-style rifles, for example) and gas-operated semiautomatic handguns as "specified semiautomatic firearms." Getting one of these back out of pawn may require the state's new eligibility card and firearms course. Before you pawn an AR-style or similar rifle, read our Colorado Gun Laws 2026 guide — it explains which firearms are affected and what you'll need to redeem yours.
What a Loan Actually Costs
Borrow the amount in the first column, and the second-to-last column is the finance charge for one month. Pay the loan off in the first month and the last column is the total you hand over to get your item back.
| You borrow | Monthly rate | One month's charge | Total to redeem after one month |
|---|---|---|---|
| $50 | 20% | $10 | $60 |
| $100 | 20% | $20 | $120 |
| $250 | 20% | $50 | $300 |
| $500 | 20% | $100 | $600 |
| $999 | 20% | $199.8 | $1,198.8 |
| $1,000 | 15% | $150 | $1,150 |
| $2,000 | 15% | $300 | $2,300 |
| $5,000 | 15% | $750 | $5,750 |
Keep the loan a second month and the charge is the same again. Pay $200 of principal down on a $1,000 loan and next month's charge drops to 20% of $800 — that's $160 — because $800 is now under $1,000.
How the 30 + 30 Days Work
Day 1: you get the cash
Bring the item and your ID, agree on the loan amount, sign the pawn ticket, and leave with cash. Your item goes into secure storage.
Day 30: the loan matures
You can pay it off, pay the month's finance charge to renew, or pay some principal down. Nothing bad happens yet if you don't.
Days 31–60: the grace period
You still have 30 more days to come in. Interest keeps accruing during this time, so the sooner you pay, the less it costs.
After day 60: the loan defaults
If we haven't heard from you, Acme keeps the item and the debt is gone. No credit reporting, no collections, no balance owed.
Renewing, Paying Down, and Paying Off
Renew
Pay the month's finance charge and the loan starts a fresh 30 days. You can do this every month for as long as you need. Renewals are handled at the store that holds your item.
Pay down
Pay any amount toward the principal whenever you like. Your next finance charge is figured on the smaller balance, and if the balance drops under or over $1,000, the rate changes with it.
Pay off
Pay the principal plus the finance charge that has accrued, show your ID, and take your item home. There is no early-payoff fee.
Lost your ticket?
Bring your ID to the store where you pawned the item. Only you can redeem it, so a lost ticket doesn't put your item at risk.
What to Bring
- The item you want to pawn
- A valid government-issued photo ID — you must be 18 or older
- For vehicles: the clear title in your name, registration and insurance (see auto pawn)
- For firearms: nothing extra to pawn; a CBI check is done when you pick it up. Pawning an AR-style rifle? Read this first.
We don't give quotes over the phone — every item is different — but bringing it in takes only a few minutes and there is no obligation.
Frequently Asked Questions
How much does a pawn loan cost at Acme Pawn?
The monthly finance charge is 20% on loans under $1,000 and 15% on loans of $1,000 or more. Auto pawn loans are 20% at any amount because the vehicle is stored in a secure facility.
How long is a pawn loan?
Every loan is written for 30 days and comes with a 30-day grace period, so your first payment is due within 60 days. Interest accrues during the grace period.
Can I keep renewing my pawn loan?
Yes. Pay the monthly finance charge and the loan renews for another month, as many times as you need. Paying part of the principal down lowers the next month's charge.
What happens if I don't pay back my pawn loan?
You keep the cash and Acme keeps the item — that is the whole agreement. Nothing is reported to a credit bureau, there are no collection calls, and you owe nothing more.
Is there a fee to pay a pawn loan off early?
No. Pay the principal plus the finance charge that has accrued and pick up your item any time.
Do I need good credit to get a pawn loan?
No. The item is the collateral, so there is no credit check and no credit reporting.
Can I get a loan on a gun?
Yes. When you redeem a firearm, Colorado law requires a CBI background check and its fee at pick-up, separate from the loan charge. Since August 1, 2026, Colorado treats certain semiautomatic rifles and shotguns with detachable magazines (AR-style rifles, for example) and gas-operated semiautomatic handguns as "specified semiautomatic firearms." Getting one of these back out of pawn may require the state's new eligibility card and firearms course. Before you pawn an AR-style or similar rifle, read our Colorado Gun Laws 2026 guide — it explains which firearms are affected and what you'll need to redeem yours.
Who can pick up my item?
Only you, with your photo ID. A pawn ticket alone does not let someone else redeem your item.
Ready When You Are
Four Colorado Springs stores, open Monday–Friday 9–6 and Saturday 10–5. Loans are made and paid at the store that holds your item.
Original (719) 633-2579Super Pawn (719) 633-8787East (719) 638-4461North (719) 596-0722
New to pawning? Start with what we take and how it works or the pawn loan FAQ.