Frequently Asked Questions

Have a Question? Read our FAQs or Call Us!

We pride ourselves on honesty, integrity and respect for our customers.

What Is Pawn?

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. You can renew this loan as many times as you need and we will work with you during the process.

How Do You Determine The Value Of An Item?

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.

What Happens If I Don't Pay On A Loan/Pawn?

At Parker Pawn, 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.

If I Don't Pay My Pawn, What Happens?

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.

Do You Need Good Credit To Pawn or Sell With You?

No credit check is required.

What Items Can I Pawn?

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

What Are The Interest Charges?

We offer custom loan terms. Come see us and we will work with you!

How Do You Determine The Loan Amount?

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.

Do Most Customers Lose Their Merchandise?

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.

Are Pawn Shops Regulated?

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.

GOLD & SILVER

Parker Pawn offers the best pricing on gold in the areas, come see us we promise you won't find a better price anywhere! We have a trained team with Gold and Silver Brokers ready to buy or pawn your Gold & Silver today. Do you have gold you want to exchange for cash? Parker Pawn is the best place to sell broken, scrap or unwanted gold. And best of all, we promise to pay the most cash on the spot!

dIAMOND & JEWELRY

We buy quality diamonds. No diamond is to large or small for us to appraise and work with you on a win - win deal. We offer in free testing to authenticate your diamond. Do you have unwanted jewelry laying around. Bring it in for quick cash.

PAWN & LOAN

Parker Pawn & Jewelry is excited to announce that customers can now take advantage of our easy to use app that makes our layaway and loan programs simple to navigate with their smartphones and compatible electronic devices. While Parker Pawn & Jewelry does give customers the option of a traditional loan setup, we are also proud to offer 24 hour loans.

INSTRUMENTS

“Music gives a soul to the universe, wings to the mind, and flight to the imagination” ~Plato


We want to help you make music that brings joy to your life and those around you! Parker Pawn has a huge selection of quality instruments. Whether you’re a beginner, dabbler, teacher, or professional, we have the instruments to fit your needs.

2898 Owen Drive.

Fayetteville, NC

5701 Yadkin Rd., Suite 200

Fayetteville, NC

413 N. Lillington Hwy

Spring Lake, NC

Parker Pawn & Jewelry © 2021 All Rights Reserved