Military Pawn Loans in Colorado Springs: 36% APR, by Law
Colorado Springs has been a military town for as long as we've been a pawn shop — since 1976 — and a lot of our regulars wear a uniform. This page explains exactly what the Military Lending Act means for you, how we verify it, and what a loan actually costs.
See What It CostsNearest Store to BaseWhat the Law Says, in Plain English
The Military Lending Act is a federal law that caps the cost of most consumer loans to active-duty service members and their dependents at a 36% "Military APR." Pawn loans are included. That cap covers interest and fees together, so there is nothing added on top.
Who's covered
Active-duty members of every branch, Guard and Reserve on active orders, and their spouses and dependents.
What's capped
The total cost of the loan — interest and fees together — at 36% a year. On a pawn loan that is 3% a month.
How we check
Your military or dependent ID, plus the Department of Defense MLA database at the time of the loan. Takes about a minute.
Veterans and retirees aren't covered by the federal cap, but ask us at the counter — and thank you for your service.
What a Military Pawn Loan Costs
Borrow the amount in the first column. The second column is one month's finance charge at the military rate. The last column shows what the same loan costs a civilian, so you can see the difference the law makes.
| You borrow | Military: one month (3%) | Total to redeem after one month | Standard rate, one month |
|---|---|---|---|
| $100 | $3 | $103 | $20 |
| $250 | $7.5 | $257.5 | $50 |
| $500 | $15 | $515 | $100 |
| $1,000 | $30 | $1,030 | $150 |
| $2,500 | $75 | $2,575 | $375 |
| $5,000 | $150 | $5,150 | $750 |
Loans run 30 days with a 30-day grace period. Renew by paying the month's charge, pay the balance down any time, or pay off and take your item home — no early-payoff fee. Full details on the Loan Terms & Rates page.
Everything Else Works the Same
No credit check, nothing reported
A pawn loan never touches your credit report or your security clearance. If you decide not to redeem, the item settles the loan and nobody calls.
Anything of value
Jewelry, gold, electronics, tools, instruments, firearms, and vehicles through auto pawn at Original, Super Pawn and East.
Deploying?
Talk to the store before you leave. Bring your orders and we'll work out how the loan is handled while you're gone.
Firearms
$5 off FFL transfers with military ID. Pawned firearms need a CBI check at pick-up, and some semiautomatic rifles now need more — read this before pawning one.
Closest Store to Your Base
All four stores honor the military rate. Open Monday–Friday 9–6 and Saturday 10–5.
Original (719) 633-2579Super Pawn (719) 633-8787East (719) 638-4461North (719) 596-0722
Addresses and maps: Original · Super Pawn · East · North
Frequently Asked Questions
What is the military pawn loan rate at Acme Pawn?
36% APR, which works out to 3% a month. That is the maximum federal law allows for active-duty service members and their dependents, and Acme Pawn honors it on every pawn loan, including vehicles.
Who qualifies for the 36% military rate?
Under the Military Lending Act, active-duty members of the Army, Navy, Air Force, Space Force, Marines and Coast Guard, members of the Guard and Reserve serving on active orders, and their spouses and dependents. We verify status in store with your military ID and the Department of Defense database.
How do you verify military status?
Bring your military or dependent ID. We also check the Department of Defense's MLA database at the time of the loan, which is the same check every lender is required to run.
Does the military rate apply to auto pawn?
Yes. The 36% APR cap applies to vehicle loans for covered borrowers the same as any other pawn loan.
Do veterans and retirees get the military rate?
Federal law covers active-duty members and their dependents. Ask at the counter about what we can do for veterans and retirees — and bring your ID.
Is there a military discount on FFL transfers?
Yes. $5 off any FFL transfer with military ID at all four stores.
Do I still get the 30-day grace period?
Yes. Military loans run 30 days with a 30-day grace period, the same as every Acme Pawn loan, and you can renew month to month.
Is there a credit check?
No. The item is the collateral. Nothing is reported to a credit bureau, and taking a pawn loan never touches your security clearance or your credit.