What can I do with my loan during the grace period?   

  • Updated

During the grace period, your options remain the same as during the original term
of the pawn.  You have the option to pay your pawn transaction in full, along with
any additional fees and charges accrued during the grace period, with the return of
the collateral pledged or, depending on the state, you can choose to renew
or extend the maturity date of your pawn loan by paying a portion of what is owed.

Normally during the grace period, pawn fees are charged but may do so at a rate
different than those of the terms of the original pawn transaction term and maybe
earned differently than those of the original pawn transaction term, as prescribed
by state law.