Pawn Loan FAQ: Frequently Asked Questions About Your Pawn Loan

Bring the item and a valid government photo ID (you must be 18 or older) to any of our four stores. We look the item over, make you a cash offer, and if you accept you sign a pawn ticket and leave with the cash — usually in about 15 minutes. See How Pawn Loans Work and Loan Terms & Rates.

Due to variables of each item, including age, condition, model, etc. Acme Pawn does not give quotes over the phone. Please bring your item(s) in to any location for a cash offer.

Don’t worry, Only YOU can redeem your items with your ID. A pawn ticket alone does not give permission to redeem someone else’s items.

If you have a question or concern about an existing loan or need to make a payment- call or visit the store where the loan was originated. 

Scroll to the bottom of this page for location addresses and phone numbers.

While your valued items are in pawn, they go into secured storage until your item is redeemed.

Your loan renews monthly when you pay the finance charge, so you can keep an item in pawn as long as you need. Each renewal starts a new 30-day term with a 30-day grace period. Don’t forget to make your monthly payment.

Every loan is written for 30 days and comes with a 30-day grace period, so you have 60 days from the loan date to renew, pay down or pay off. Interest accrues during the grace period. After that the loan defaults and we may put the item out for resale to make good on the loan. You can always call the store to see if it is still available for purchase. See Renew or Pay Off a Loan.

Customers receive a portion of the item’s retail value. Remember, the pawnbroker is loaning money on the item, not buying it. The pawnbroker must consider the cost of storage, security and future demand for the item, along with the resale value if the loan is not repaid.

A service fee is charged to issue a pawn loan. The service fee is a percentage of the over all loan. Each month, a service fee is charged to renew your loan. For example, if you received a $50 loan amount, the service fee is $10, so it will be $60 to redeem your item. If you aren’t ready to repay the loan in full, but want to keep your item in pawn, you can renew your loan monthly for just the cost of the service fee.

Defaulting on a loan can never affect consumers’ credit scores. Because the loan is based on collateral—that is, an actual piece of property—the loan is considered paid in full when the item is handed over to the pawnbroker.

YES! An extra step is required upon redeeming your gun.

A CBI background check and fee is required at the time of redemption per Colorado law. This fee is separate from the service fee of the loan.

Since August 1, 2026, certain semiautomatic rifles, shotguns and gas-operated handguns with detachable magazines (AR-style rifles, for example) may also require Colorado’s new firearms eligibility card and course to redeem. Before you pawn one, read our Colorado Gun Laws 2026 guide.

Be prepared to leave your car, truck, Boat, motorcycle, ATV, UTV, etc. Your vehicle will be stored at a secure location. A clear title in your name will be necessary. If there is a joint owner, They will need to be present with Identification as well. 

Please see out Auto Pawn section for more details

Absolutely! You can pay down your loan as often as you like. This will also reduce the amount of your service fee. Generally, our customers pay down the loan each month during the renewal period.

Yes. We will still inspect to make sure it is the same item. With certain items, such as electronics, the loan amount may change due to the fast depreciation that goes along with it. https://acmepawns.com/auto-pawn/