Loans

We do loans on anything of value. A $100 loan for a period of 30 days costs you only $10. If you wait 120 days, your cost is only $22.

Osuna Pawn handles two types of transactions: You can “pawn” an item or “sell” the item to us.

What is a Pawn?

Osuna Pawn handles two types of transactions: You can “pawn” an item or “sell” the item to us.

“Pawn” is a type of collateral loan. You pawn an item with Osuna and get a cash loan for 120 days. Then, come back and get your item out of pawn for the loan amount plus a small interest fee.

It's much cheaper than a payday to title loan.

About a “Pawn Loan”

Pawn loans charge much lower interest than a payday loan or a title loan. No credit checks are needed to borrow money .Example: A $100 loan for 30 days costs you only $10.00. If you wait the full 4 months of the loan, it will cost you $22.00. That includes set up fees, service fees, storage, insurance and security of knowing that our professional staff will safeguard your property. Most banks won’t make loans of less than $1,000.

How does a pawn shop work?

The pawnbroker loans money on personal property that his customers bring to him. The pawnbroker and the customer reach an agreement on the amount of the loan. The pawnbroker will then issue the customer a pawn ticket which is the contract that states the amount of the loan, the pawn service charge, and the specified time that the pawnbroker will hold the customer’s personal property. The pawnbroker must live up to everything in this contract; he has to hold the property for the specified time and he must take proper care of the property as specified by the ticket. The customer knows just exactly what to expect; there are no hidden charges, and he can be assured his property will be safe and well taken care of. The pawnbroker is bound by law to protect his customer’s right as spelled out by the ticket. The customer is not obligated in any way to come back and pick up his property if he doesn’t want to, although most do. At Osuna Trading & Loan Co., 85% of our customers redeem their property!

The loan process in a pawn shop just takes a matter of minutes. Have you ever borrowed any money at a financial institution and been out the door in a matter of minutes?

For example, a $100 loan for a period of 30 days costs you only $10. That includes all setup fees, service fees, insurance, storage and the security of knowing that our professional staff will safeguard your property.

 



Our Friendy Staff

Owner Michael Steinberg
President/Owner

Michael Steinberg

I have owned Osuna Pawn since 1985. I taught Middle School for 10 years before purchasing the pawnshop.

I  have been the President of the Albuquerque Pawnbrokers Association for almost 20 years.

Manager Johnathan Seinberg
Manager

Jonathan Steinberg

I am the manager. I have been with Osuna Pawn since 1998.

I like working with people.

Asscoiate Robert Davis
Associate

Robert Davis

Professional picker and Accredited Jewelry Professional

Specialty: guns, Jewelry and Collectables. Been with Osuna Pawn for almost 20 years.

Associate Janice Montoya
Associate

Janice Montoya

I’ve lived in NM my whole life. I have worked for Michael since 1993.

I enjoy working here and the people I work with.

Associate Monty Roberts
Associate

Monty Roberts

I’ve been working for Osuna Pawn for six years. I am eager to help you any way I can.

Electronics is my specialty.

Owner Michael Steinberg
Co-Owner

Baxter

I have been at Osuna Pawn my entire life. I'm here to please.

Michael is the President of The Albuquerque Pawnbrokers Association


History of Pawn

Pawn Broker Symbol wall hanging outside a pawn shop You see them all around town - "Pawn Shops". In the west, "pawnbroking" existed in the Ancient Greek and Roman Empires. Most contemporary Western law on the subject is derived from Roman jurisprudence. As the empire spread its culture, pawnbroking went with it. Likewise, in the East, the business model existed in China over 3000 years ago.

The pawnbrokers' symbol is three spheres suspended from a bar. The three sphere symbol is attributed to the Medici family of Florence, Italy, owing to its symbolic meaning of Lombard. This refers to the Italian province of Lombardy, where pawn shop banking originated under the name of Lombard banking. The three golden spheres were originally the symbol which medieval Lombard merchants hung in front of their houses.

The House of Lombard was a banking family in medieval London, England. According to legend, a Medici employed by Charlemagne slew a giant using three bags of rocks. The three ball symbol became the family crest. Since the Medicis were so successful in the financial, banking, and money lending industries, other families also adopted the symbol. Throughout the Middle Ages, coats of arms bore three balls, orbs, plates, discs, coins and more as symbols of monetary success.

Saint Nicholas is the patron saint of pawnbrokers. The symbol has also been attributed to the story of Nicholas giving a poor man's three daughters each a bag of gold so they could get married.