Vancouver WA Pawn Shops - Is It Safe?

Vancouver WA Pawn Shop - Is It Safe

How Pawning Works Are Pawn Shops Safe? Categories of Items for Sale Our Location in Downtown Vancouver, WA More about Cameo Main Pawn Shop

Is going to a Pawn Shop Safe?

Yes. All rates and fees are strictly regulated by the The Washington State Department of Commerce and Division of Financial Institutions. Washington State mandates that loans are written for 90 days.

Pawnbrokers lend money on items of value ranging from gold and jewelry to musical instruments, televisions, tools, household items, etc.  These items maintain their value over a reasonable period of time and are securely stored by the retail establishment. All loan customers provide collateral, eliminating the need to distinguish high risk from low risk borrowers.  Typically, loans are small, averaging between $70 and $100, although they can be as small as $5 or as high as fifty thousand dollars depending on the value of the collateral. The process is much the same as any other lending institution, with the primary difference being the size of the loan, the collateral and the holding of the merchandise until the interest or the loan has been repaid.

Your collateral is safely packaged or stored and labeled with a unique loan number that matches the number on your loan slip. The collateral is then stored securely. Upon repayment of the loan, the collateral is returned to you.

The Pawn Industry Is Very Regulated

Pawn shops in the State of Washington are strictly regulated by State, City, County, and Federal regulatory agencies.  Pawn Brokers have state, regional and national industry associations which work diligently toward self-policing the industry.  In the case of public companies, the Federal Securities and Exchange Commission can be added to all of the other agencies that oversee the industry.

Cameo-Main St. Loan Inc.
Pawnbrokers
604 Main Street
Vancouver WA 98660

360-693-8651 -or- 360-699-7171 (fax)

info@cameomainpawn.com
(copy and paste if you use web based email)

Store Hours
Monday - Friday 9:00am - 5:00pm
Saturday 9:00am - 3:30pm

 

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