When you make a loan at a pawn shop, the property becomes theirs until you pay back the amount you owe plus interest (typically 10% per month). They can also charge storage and insurance fees.

Phoenix Pawn Shop Guide: What Locals Recommend

If you fail to repay the amount of money you owe, they may sell your property at an auction. At Phoenix pawn shop, you can find items such as: * Jewelry – necklaces, rings and more. * Electronics – televisions, DVD players and home theater systems. * Musical Instruments – guitars, keyboards and drums.