Where is EZ CASH OF PANAMA CITY located? We are located in Panama City, Florida at 807 E 15th Street, one block east of Highway 77 (also known as Cove Blvd or Martin Luther King Blvd) on east Highway 98.
What are your store hours and phone number? Our store hours are Monday thru Friday 9:00 AM til 5:30 Pm, Saturday 9:00 AM til 3:00PM and Sunday we are closed. We officially close for the following observed holidays: New Years Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day. Our phone number Is 850.784.2500
Can I make offers on items you have for sale? We encourage negotiations for the items we sell, that's part of the fun of shopping at a pawnshop. We are willing to entertain reasonable offers on any item. We reserve the right to accept or reject any offer for any reason, but most reasonable offers are accepted. If your offer is accepted, please be prepared to complete the sale at that time. Offers accepted are not available on a "I'll Be Back" basis, and will not be honored at a future date. We aprefer when paying for an item that has been negotiated to a reduced price that you pay with cash, not a debit or credit card due to the additional card fees that are imposed on us.
Where do you ship? At this time we only ship to the 48 states in the continental U.S., Alaska and Hawaii.
What methods of payment do you accept? For loan extension and loan redemption payments, E-Z Cash of Panama City accepts Cash or Debit Cards. For purchases we accept VISA, Mastercard, Debit Card, Postal Money Order or Cash. For online transactions, we will accept Postal Money Orders or you may use a credit card through our third party partners (Paypal). We do not accept payments over the phone.
Do you really buy Grandmas gold teeth like your radio ad says? We sure do! We love gold teeth. We buy all forms of gold, whether it is intact or broken and that would include Grandmas gold teeth (crowns and caps, but not the teeth themselves). Bring in your gold and get a cash offer today.
What do you buy/sell? We're willing to buy or sell just about anything, within reason! A few things that we do not accept include any type of "Titled" vehicle, watercraft, motorcycle, ATV, etc., car audio and accessories, lawn equipment including any item that requires gas or oil, or personal medical devices. We do not buy or sell firearms or firearm accessories, and we try to avoid dealing in souls. Otherwise, let us know what you have/need and we'll give it every consideration. _ Can I get a phone estimate on my item? We cannot give quotes on pawn loans over the phone. Doing so would not be fair to you or to us. Often your evaluation of your item is not based on the same criteria that we use to evaluate your items. if we were to quote high on the phone and then offer you less after we inspect your item we are the villians. Or a low offer on the phone but a high offer in person would make us the heroes. You need to bring your item in so we can properly evaluate your item. For general merchandise, we test each item to ensure it is in good working condition. The better the condition of your item, the more money we can loan.
What is a pawnshop? A pawnshop is basically a retail store that is also authorized to give short-term, non-recourse loans using personal assets you own as collateral. You also have the option of selling your used items outright for cash or store credit, or trading it for other merchandise in the store. E-Z Cash of Panama City is a fully-licensed pawnshop that can loan, buy and sell.
Pawnbroking is not a new business — history shows that pawn lending has roots going back nearly 3000 years. Though technology has changed over the years, the idea is still the same: a pawnshop will either buy from you, or loan you money for your valuable items.
Why would a person use a pawnshop for a loan? Pawnshops offer the consumer a quick, convenient, and confidential way to borrow money. There is no credit history check before we give you a loan — your merchandise alone determines your credit. A customer receives a percentage of the value the pawnbroker believes the collateral would bring if sold. Although the loan to collateral ratio varies over time and across pawnshops, a loan of about 30 to 50 percent of the resale value of the collateral is typical. In other words, pawnbrokers feel their loan is "paid in full" at the time the loan is made.
How does a pawn loan work? Loans are based on the value of your collateral, not your credit rating or your ability to repay the loan. Typically, loans are small — the average pawn loan nationally is around $150.00 — but can reach as high as a several thousand dollars or more depending on the value of the collateral. Subject to Florida law, a typical pawn loan has a term length of 30 days, plus a 30-day grace period. Each 30 day period incurs a service fee, as explained below. If you cannot pay back your loan in full, including any applicable service fees for the initial 30 days and the grace period, we offer extensions to give you extra time, following the method explained below. You are not obligated to repay the loan, and you may choose to surrender your collateral as payment in full.
Does a forfeited pawn loan affect my credit? Never! We do not report to any credit reporting agency about your transactions with us. We do not cause any legal action for repayment of your loan. When you loan on your personal property at E-Z Cash of Panama City you are not obligated to repay the loan or retrieve your items.
However, if you want to retain ownership of you property, you must pay to redeem or extend your loan on or before the default date printed on your pawn ticket, otherwise we will take ownership of your property, as provided by an operation of law. Your maximum liability is the loss of the property you used as collateral to borrow the money.
What are the requirements to obtain a pawn loan? You must be 18 years of age or older and possess a valid current goverment issued photo ID. That's it. Simply bring us an item of value and we’ll get you cash in only a few short minutes.
What are the charges/interest on a pawn loan? Pawnshop interest rates and other charges, such as storage or insurance fees, are regulated by the state. Florida limits the total pawn service fees to no more than 25%, including 2% finance charges and 23% service fee to cover all other expenses, per month.
What is an extension? If you are unable to pay back your loan in full on its due date, you may get a extension as permitted by law. With a extension, you pay the interest that has accrued on your loan in full, and a the loan is extended for each 30 day increment that is paid for. The principal loan amount remains the same, as does the interest rate, but the due date is advanced based on each 30 day service fee paid. There is not a restriction on the number of times that you may extend your loan.
How many pawning customers lose their merchandise? The vast majority of our customers repay their pawn loans and pick up their merchandise. The national average shows 70 to 80 percent of all pawn loans are repaid — our average at E-Z Cash of Panama City is 82.3 percent. If a customer chooses not to repay the loan, the merchandise/collateral for the loan is forfeited and offered for sale to the public.
How do you determine the worth of my collateral? We base 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 appraisal process varies depending on the type of item. For example, jewelry is evaluated differently than a DVD player which is evaluated differently than a table saw, etc. In addition, items such as gold, coins, and jewelry maintain their value over a reasonable period of time, while items like computers and electronics depreciate much quicker, all of which is taken into account.
How do you determine the condition of an item? The condition of an item is always taken into account during the evaluation process. For example, if two televisions come in and one looks nearly unused and the other has a crack in the side, we will loan more on the TV that’s in better condition and may not offer anything on the damaged TV. When it’s general merchandise you want to pawn, we test each item to ensure it is in good working condition. This includes, but is not limited to, a visual inspection, plugging an item in and turning it on, and noting if any necessary accessories (such as remote controls) and manuals are included. If the normal operation requires a specific accessory to function fully (such as a remote control), that accessory must be presented with the main item, and must also be functional. The better the condition of your item, and the more complete the item is, the more money we can loan you. This is true for any collateral.
How do you determine the value of jewelry? When jewelry is the collateral we test the precious metals and diamonds to determine its worth. We have a GIA trained diamond grader on staff who has been working with jewelry for many years and is quite knowledgeable. The jewelry testing includes a visual inspection using a jeweler’s loupe, weighing the item, sizing (determining carat weight) any stones, and noting the cut/color/clarity of each. Current market values of precious metals will also affect the value.
How do you determine the price of gold or other precious metals? The price of gold, silver, platinum and other precious metals is based on the "SPOT MARKET" values. The SPOT MARKET price is the price precious metals are bought and sold by worldwide metals traders and this value fluctuates throughout the 24 hour day. This price is reviewed and updated daily, and more often depending on the market movement. Loan prices can vary greatly depending on the gold content of the items presented. For example, the loan value for 22K gold is significantly higher than that of 14K gold due to the higher gold content of 22K gold.
Where is my collateral kept while in pawn? Is it safe? While your item is in pawn, you still own it. When you give us an item for pawn, we keep your merchandise — along with all accessories (remotes, cables, etc.) — in a secure area accessible to authorized employees only where it is safely stored until you come back to pay your loan in full and claim your merchandise. In addition, we are fully insured for the loan value of the collateral we keep.
Are pawnshops regulated? Yes. States have regulated the pawn industry for decades, and Florida pawnbrokers are licensed and regulated by the State of Florida and local authorities as well. We are subject to such laws 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, we are regulated by the Federal Trade Commission (FTC), Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), and the Treasury Department.
How much stuff in a pawnshop is stolen? Contrary to popular belief, pawnshops are actually the worst place to try and get rid of stolen merchandise. In fact, nationally, less than 1/10th of 1 percent of all pawned items are identified as stolen goods, and those are identified and reported to the authorities. In addition, while being highly regulated (see previous question), we also work very closely with local, state and federal law enforcement officials. Our staff is trained to be on the lookout for and identify stolen property.