FAQs for Half Interest Pawn Shop in Mobridge SD

Pawn transactions are transactions in which you “PAWN” a personal item in exchange for an amount of money for a specified period of time (30 days at Half Interest Pawn). Your item(s) serve as guarantee for the money borrowed. On your due date you have the option to pay your transaction in full and redeem your item(s); or you may choose to extend the transaction by simply paying the interest/fees due. You don not need to wait the full 30 days, you can get your item(s) back anytime.

Another option is to not pay the pawn transaction in which you will forfeit the items presented for pawn.

Pawning an item means that you are using your item as collateral to secure a loan. After appraising the value of your item, Half Interest Pawn will work with you to determine the loan amount. You then have 30 days to pay the loan + Interest and you can get your item that you pawned as collateral back

Selling an item at Half Interest Pawn is simply that: selling an item to the pawnbroker, You no longer own it and we are now the new owners of your item(s)

We sure do, If you see a item you can’t live without and don’t have the full amount in cash, you can lay it away and start a payment plan. Ensuring no one else will be able to buy it from you!

If you can’t pay back your loan on its due date, you are eligible to extend the principal amount by paying the interest charge and it will restart the 30 days, so you do not lose your item.

If you choose to not pay your loan in full or extend the loan within the 30 days, you will forfeit your item. At this time your item will become the property of Half Interest Pawn Shop and put our for sale in our store.

Your item will be kept in a safe, dry, and secure area at all times. Our store has security cameras and your ticket with your personal information will not be visible to customers.