Help & FAQs

A pawn is a collateral short term loan. You bring in an item, and leave it as collateral, we offer a dollar amount to loan, and a loan term with a 10-day grace period to repay your pawn (loan) amount. You can renew this loan as many times as you need and we will work with you during the process.

We determine the value of the item(s) based on in-store, auctions, and prices online. The easier the item is to value, the easier it is to loan on. When dealing with precious metal (gold/silver) or diamonds we determine the value by current market dealer prices.

At Idaho Pawn & Gold, we send a text and phone call notice when your pawn is due. We also have an app which allows you to pay and monitor your pawn loan(s) and balance. If we do not hear back from you within a few days of your late notice, we will take possession and sell your item after the grace period.

We will put your item up for sale, work with you on a layaway term or whole-sale to a dealer. This all depends on the item and your communication with us.

No credit check is required.

We loan/pawn on any items with value, especially precious metals, diamonds, newer electronics, gaming system, and tools.

We offer custom loan terms ranging from 2.9-20%. We DO NOT charge pawn ticket fees, or storage fees (unless larger vehicles needing stored off-site)

Idaho Pawn & Gold offers the best item-backed loans in the area. Our plans are flexible with a minimum repayment period of 40 days and a maximum repayment period of 10 years. Our interest rate is 2.9% per month or 35% APR when clients borrow 30%-50% of the liquid wholesale value of their pledged collateral over $10,000. For example, if you have an asset with a liquid wholesale value of $25,000 and borrow $10,000, your interest would be $291.66/month. If you borrowed the money for 3 months, your total payback amount would be $10,740. Loans greater than $50,000 can qualify for even lower rates. If you have any more questions please review our FAQ page or give us a call.

We will loan anywhere from $20 dollars to $100,000. Our professional staff bases pawn loan amounts on the value of your item—its current appraised value, its current condition, and our ability to sell the item. We use all the research tools we have at our disposal to determine an item’s value and get you the most money we can. The amount of the loan offered is based on the wholesale, resale/secondhand value of the item, not the new price.

On average, 80%+ percent of all loans are repaid. Repeat customers make up much of our business. Some customers borrow against the same items regularly. If the borrower chooses not to repay the loan and interest charges, we must try to recover our investment from the item left in pawn. We prefer that customers return for their property.

Yes. States have regulated the pawn industry for decades. In addition, local authorities oversee licensing and regulation of most pawnbrokers. We are subject to laws such as Truth In Lending Act, Equal Credit Opportunity Act, Fair Credit Reporting Act, Patriot Act, and Federal Trade Commission Rules on Data Privacy and Security Transfer. At the federal level, regulatory authorities include the Federal Trade Commission (FTC), Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), and the Treasury Department.