Pawn Shops Mt Vernon

Mt Vernon has a few solid pawn shops for quick cash or buying discounted items. Gold, electronics, and tools are commonly pawned or sold here.

Mt Vernon, IL has 2 pawn shops in our directory. Top-rated options include King City Cash & Loan Pawn.

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King City Cash & Loan Pawn

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823 S 10th St, Mt Vernon, IL 62864, United States

+1 618-244-2430

4.0(17)

People's Choice Cash & Pawn

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1119 Jordan St, Mt Vernon, IL 62864, United States

+1 618-244-0291

3.8(55)

What Mt Vernon Pawn Shops Accept

✓ Gold jewelry & watches
✓ Electronics (phones, laptops, tablets)
✓ Power tools (DeWalt, Milwaukee, Makita)
✓ Gaming consoles (PS5, Xbox, Nintendo)
✓ Musical instruments
✓ Firearms (where permitted)
✓ Designer items

Acceptance varies by shop. Call ahead for specialty items or large quantities.

Illinois Pawn Shop Regulations

Interest Rate3% per month (36% APR) plus service fees up to 20% of loan per month

Redemption Period30 days + 30-day grace period (60 days total)

Regulated ByIllinois Department of Financial and Professional Regulation (IDFPR)

Illinois pawnbrokers are licensed under the Pawnbroker Regulation Act of 2023 (205 ILCS 511). Interest is capped at 3% per month, but service fees up to one-fifth of loan amount allow total charges potentially reaching 240% APR. APR disclosure required on all tickets.

Tips for Visiting Pawn Shops in Mt Vernon

1.Get quotes from multiple shops before deciding
2.Know your item's value - check eBay sold listings first
3.Bring valid government-issued ID (required by law)
4.Ask about interest rates and total repayment amount upfront
5.Keep your pawn ticket in a safe place
6.Ask about the redemption period and any grace periods
7.Ask if they report to credit bureaus (most don't)

Frequently Asked Questions

What can I pawn in Mt Vernon?

Common items include gold, electronics, and tools.

Which pawn shops in Mt Vernon are well-reviewed?

Check out King City Cash & Loan Pawn and People's Choice Cash & Pawn for trusted options.

How much can I get for gold?

Offers vary by weight, purity, and current prices. Pawn shops typically pay below spot value - get multiple quotes to compare.

What ID do I need?

Valid government-issued photo ID (driver's license, passport, or state ID).