How to Pawn

Get a short-term loan using your valuables as collateral. No credit check — walk out with cash today.

Pawn Shops in
New London, Connecticut

Pawning an item of value is a simple and convenient way to put some extra cash in your pocket. Yankee Peddler and Pawn offers short-term collateral loans with no credit checks. We accept items such as jewelry, gold, electronics, lawnmowers and more — the value of each loan is based on the appraisal of your item.

How it works

Bring your item & ID
Come to any of our stores with an item of value and a valid state-issued ID.
Free appraisal
Our staff appraises your item at its current market value.
Review your loan terms
We explain the terms and conditions of your collateral loan before you decide.
Your item is kept safe
Once you agree, your item is stored securely under surveillance — it is not displayed for sale.
Walk out with cash
You receive your cash immediately.
Fast redemption
Every pawned item is filed in our computer system, so getting it back is quick when you repay.

Loan Details and Disclosures

Maximum APR: averages 20%, interest and fees included.

What fees and charges are included in the loan?

Interest is 20% per month. The rest of the charges cover the memorandum fee, processing and recording the transaction, and any insurance or appraisal of your item, as set out in Section 21-42a of the Connecticut General Statutes.

How long is the loan, and can I extend it?

Loans run 30 days. To extend, pay the service charge (finance charge) and your loan continues.

What items can I pawn?

Electronics, tools, musical instruments, jewelry, games and more.

How do I get my item back?

Pay back the loan plus the charges above, and your item is yours again.