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- What We Accept
Jumping Jack Cash is the premier pawnbroker in the Denver area. With many convenient locations in the Denver area, more than 25 years of industry experience, and unparalleled customer service, Jumping Jack Cash offers a level of professionalism and customer satisfaction that can’t be matched.
Clients of Jumping Jack Cash pawnshops in Denver come through our doors from all over the area. They include lawyers, doctors, teachers, plumbers and practically any other profession you can imagine. Our clients use the loans we offer to pay bills, go on vacations or simply to enjoy a night on the town before the next payday. Our simple and straightforward process makes it easy for our clients to receive the money they need for the things they want.
We advise clients to prepare the items they wish to pawn by cleaning them and making sure they are in operating condition. It is also advisable to have a rough idea of the value of the item. This can help clients get the highest collateral value for their possessions.
Timing is key. Pawn your snow skis in the fall and your four-wheeler in the spring. Pay attention to the seasons and pawn any seasonal items just prior to the point where customers could use them should you decide not to repay the loan. It is also a good idea to pay attention to the pawn shop’s floor inventory. Offering items that the pawn shop isn’t overstocked with can often lead to a higher loan value.
If it requires food, is illegal to own or is stolen, then it is not something we will offer a pawn loan on. If the item you want to pawn or sell falls into any of these categories, we will not accept it and will provide that information to the authorities.
Pawn loans can be offered for everything from jewelry and collectibles to televisions and automobiles. These items are accepted as collateral for a short-term pawn loan. Because the items are secured as collateral, there is no need for credit checks, references, etc.
When you bring the item into one of our Denver pawn shops, we will appraise it and make an offer for a loan based on its value. When you accept the offer, your information and details regarding the collateral are entered into our secure database. You will be issued a loan ticket that shows the amount of the loan you have received, the interest rate and the maturity date of the loan. When you sign the loan ticket and provide a fingerprint, we hand over the cash and place the item into our secured storage area.
When the pawn loan is repaid, the collateral is redeemed and returned to the client. If the loan is not repaid, then the item is sold to retail customers. This has no impact on an individual’s credit or ability to secure pawn loans in the future.
Regulations require that all clients of Denver pawn shops be at least 18 years old. To pawn an item, clients must provide a valid government ID such as a driver license or passport.
Contrary to rumors and urban legends, pawn shops are highly regulated and must comply with a number or state and federal laws. These include the Patriot Act, the Truth-in-Lending Act, the bank Secrecy Act and any IRS regulations that may apply regarding cash transactions. As such, we will not make loans to individuals or entities that would violate of any of these.
Pawnshops in Denver give clients the option to either pawn their possessions or sell them outright. This is a highly personal decision and it often boils down to whether you still need or want to use the item. If you do, then pawning is the right way to go. However, if you no longer need the item, such as a tool or television that you have upgraded from, then selling the item may be more to your advantage.
The privacy of our clients and the security of their possessions are paramount in all Jumping Jack Cash locations. Our customer data is secured behind multiple layers of protection that keeps our customer lists and the terms of their loans private.
While we do not report pawn transactions to credit agencies, we are required to transmit customer data to local law enforcement agencies. This helps prevent stolen items from being sold within pawn shops in Denver. Thus, law enforcement agencies are the only entities that have access to our customer data and records of the transactions we conduct.
Items we receive as collateral are inventoried, labeled and secured within an access controlled storage area or safe. These are protected from theft or damage by security features that ensure the items stay right were we put them. Finally, our pawnshops are fully licensed, bonded and insured in compliance with Colorado law.
Our pawn loans are made in 30-day increments. The loan comes due at the end of this period. However, it is not uncommon for clients to extend the duration of the loan. Our pawnshops in Denver will extend the loan for another 30 days for clients who pay all service charges that are due.
Roughly 80 percent of our clients repay their loan within the 30-day period and reclaim their items. Repayment requires repaying the full amount of the loan and any service charges that are due within this time frame. Once these terms are satisfied, the item is returned to our clients in the same condition in which it was received.
Are you still wondering “How do pawn shops work?” Our team of pawn professionals at Jumping Jack Cash will be happy to answer your questions and guide you through the process.
Check out the services that we provide, explore our Community Events page, or inquire about a buy, sale, or loan by clicking Get Started. Jumping Jack Cash also has a Gun Store and an eBay Store. If you have any questions or concerns, please do not hesitate to Contact Us.