Serving the Community of Reseda For Over 50 Years.
We are the oldest & best pawn shop in the Valley since 1954. We look forward to meeting you. Give us a call or stop by to see what Traders is all about! Jewelry and watch repair and appraisal done on premises. Fast confidential loans.
Top Quality JewelryTraders Loan & Jewelry has a unique selection of high quality watches, precious gems, wedding bands and other stunning jewelry. Why pay retail prices when you can buy beautiful jewelry at less? Don't forget those special occasions and holidays - diamonds are a girl's best friend!
The History of Pawn
Pawn shops date back to ancient times and are one of the earliest lending instruments. In the early part of the last century Pawnbroking was regarded as the main source of consumer credit. Today, Pawnbroking plays a vital role among people who need loans for short periods of time. These types of loans are too costly for banks to make. Traders Loan & Jewelry makes collateralized loans based on a percentage of the current market value. We are a non-recourse lender. We do not charge any points, credit reporting fees, or appraisal fees like other lending institutions do. Most loans are made in minutes. Today's pawnbroker is regulated by the State of California, and all transactions are monitored by law enforcement.
Here are some of the most frequently asked questions and answers we get in the pawn business. I thought this would be a helpful resource for you.
How quickly can I get a loan?We can usually give you money instantly. We will appraise your item on site and when we’ve come to an agreement on the value of your collateral and the amount of the loan, it takes a few minutes to complete the transaction and you’re on your way.
What kind of items can I pawn at your store?We will loan on almost anything of value; anything from rings, to coins, to musical instruments and more. The most popular items pawned, however, tend to be jewelry, gold, diamonds and high-grade watches. If you’re unsure if we’d loan on something, it’s best to bring it in to us so we can appraise it.
How much can I get for my item(s)?We always loan the highest amount possible based on certain variables in regard to your item. For instance, diamonds are appraised on the karat, cut, color and clarity. Gold appraisal is based on the current price of gold at time of appraisal along with size and amount of gold. There is never any charge for evaluating your item so it never hurts to bring it in. The amount of the loan is a percentage of the value we feel your item would bring if we sold it.
What happens if I can’t repay my loan within four months?Your initial four-month loan can be re-written by paying the interest due on the loan. It’s always best to talk to us if you’re having trouble repaying the loan so we can discuss alternatives. Or you can pay the principal and interest and pick up your loan anytime.
Do most people who pawn their items, lose their items?More than 95% of people who pawn their items at Traders, reclaim their items. We’re in the business of making loans, not collecting merchandise. We enjoy helping people through anything like a rough patch, expand their business or take a vacation they’ve always wanted. We enjoy long-term relationships with our customers and we like to work with them for the best possible outcome.
I already have a pawn loan from Traders Loan and Jewelry. Can I have more than one?Absolutely! You can take out as many loans as you need. Even if you decided that you couldn’t repay a current loan you have with us, you can still get another loan.
I’ve inherited some items I think may be of value. Can you tell me what it’s worth?Yes, you must bring your items in for us to evaluate. Items like jewelry, gold and high-grade watches, musical instruments, cameras, laptops, antiques, etc.; we can easily appraise for you.
Does Traders Loan and Jewelry sell or pawn guns?We do not sell or pawn any firearms.
Is my information kept confidential should I decide to make a pawn transaction with Traders?Absolutely! We are regulated by the same laws that banks are. State and Federal laws regulate the privacy of all transactions; plus we have procedures in place to make sure your information remains safe. The only information we give out is to local law enforcement on all transactions to protect against stolen items.
Can I sell you an item outright?Yes. You can bring us any unwanted item, we’ll appraise it and make you an offer to purchase your item.
It’s not easy to sell stolen items to a pawnshop and here’s why. Pawnbrokers like Trader’s Loan and Jewelry have a thorough security process in place.
First, our store has an ironclad security system and is thoroughly monitored for the safety and security of our customers and employees. If a thief is bold enough to walk into a pawnshop and try to sell stolen items, he or she will be on camera from every angle.
Next, customers must present a valid photo ID for all pawn and sales transactions. The details of the ID are then placed into our computer system. If a customer cannot present a valid photo ID, no transaction will take place. Period. We also fingerprint everyone that sells or takes a loan out.
Third, all items we buy are held for thirty days to allow time for the authorities’ to check for stolen items.
Lastly, a lot of people have the misconception that pawnshops don’t care about accepting stolen goods. That’s nowhere near the truth. The truth is stolen items are a liability. We’re proud of the products and services we offer at Traders and what we do for our community. We’ve worked too hard for 60 years to maintain our stellar reputation of being the oldest and best pawnshop in the San Fernando Valley. We like helping people in an ethical and honest way. We’re not interested in making a quick buck at someone else’s expense.
The fact is that less than 1/10 of 1% of items that are in pawnshops are suspected as a potentially stolen item.
We work closely with law enforcement on a regular basis to help them solve crimes and they view us as an essential part of the community for solid leads and information they may need.
If you’ve had the unfortunate incident of something of deep value and worth stolen from you, wouldn’t you feel better knowing that pawnbrokers like Traders Loan and Jewelry, who work closely with police, capture video and pictures and help get your goods off the street for you instead of it being sold to some stranger in a dark alley who is more reluctant to cooperate with authorities, let alone capture any pictures or video of the culprit?
Pawnbrokers like Traders are on your side. With us, you have hope of recovering your stolen item(s) and hopefully decreasing future criminal activity.
Food for thought.