How does a pawn or loan work?

Pawns are done on a 30 day (monthly) basis with a 30 day grace period (60 days). We loan you money and hold your item as collateral in a secure area. You can come back in 30 days or less to redeem (reclaim) your item when you repay the loan plus a fee (finance and service charge) or simply pay the extension fee and renew your item for another 30 days. There is no limit on how many times you can renew.