What do I need to do to get started?
You will need a valid government issued photo ID and an item that we are current accepting as collateral.
Does Money Mizer conduct a credit check?
We DO NOT conduct credit checks or employment verification. The terms of the loan are based solely on the item(s) you pledge as collateral.
What is the Military Lending Act (MLA), and why do I need to supply my Social Security number (SSN) whenever I pawn an item?
The MLA applies to active duty servicemembers (including those on active Guard or active Reserve duty), spouses, and certain dependents. It limits the interest rates that may be charged on many types of consumer loans to no more than 36% and provides other important protections. We are required by law to check each pawn customer's SSN against the Department of Defense database to ensure that customer is NOT active military or a dependant of an active military member.
How do you determine the value of my items?
We base our loan to value ratio on estimated wholesale value of an item. Typically, we loan anywhere from 50% to 75% of the estimated wholesale value.
What are your interest rates?
Depending on the collateral used and the amount borrowed, our monthly interest rates range from 25% to 3% (300% APR & 36% APR).
What will the monthly payment be on my loan?
Your minimum monthly payment is based on the amount you choose to borrow.
Will I have to pay additional fees to cover storage, insurance, and security?
Money Mizer does NOT charge additional fees on top of the interest. We factor those costs into the monthly interest fee. We do, however, charge a $2 lost ticket fee if the original pawn contract is not presented at the time of redemption.
Will my items be safe?
All items are stored either in our fireproof, UL-rated vaults or within our facilities protected by state-of-the-art surveillance and alarm systems with 24 hour security. Likewise, your items are fully insured while in our possession for the life of your loan.
How long do I have before I am required to pick up my pawned item(s)?
In the states where we operate, the pawn contract is a 30 day loan. However, you may extend the loan another 30 days for as long as you need until you are ready to pay back (redeem) the loan.
What if I just want to sell my items instead of getting a loan?
We offer both options. Our BUY process is similar to our PAWN process. If you would rather sale your items outright, then we will be more than happy to purchase them. Just let us know when you come see us if you want to SALE your items or PAWN your items.
Why should I choose Money Mizer over other pawn shops?
We are proud to have 40+ years of expertise in the collateral loan industry. We have GIA alumni members on staff. We are supporting members of various associations related to our industry. Moreover, we strive to serve each customer based on his or her specific needs and achieve our GOLD STANDARD of customer service.
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