American Jewelry & Loan is a Detroit-based pawn shop operating since 1978, offering collateral loans, buying, and selling of jewelry, electronics, tools, and valuables across multiple Michigan locations.
Data compiled from public sources · Google rating shown when a stored review count is available
American Jewelry and Loan was established in 1978 and has grown into one of the largest and most recognizable pawn shop chains in the world. The company operates four locations across Michigan: Detroit (flagship), Hazel Park, Pontiac, and Southgate. The Detroit flagship location gained significant public recognition as the setting for the reality television show "Hardcore Pawn," which brought mainstream attention to the pawn industry and the company's operations.
The company offers three primary services: pawn loans (collateral-based loans on jewelry, electronics, tools, and other items), buying of valuables at fair market value, and retail purchasing of pre-owned items at below-retail prices. Their inventory includes GIA certified diamonds, luxury handbags, fine jewelry, timepieces, electronics, and equipment. Customers can access pawn loans as an alternative to traditional lending, sell items for cash, or purchase quality secondhand goods at discounted prices.
American Jewelry & Loan distinguishes itself through its stored reputation signals built over 45+ years, multi-location presence in the Detroit metro area, online appointment booking capability, and association with the popular "Hardcore Pawn" television series. The company maintains active social media presence and offers a newsletter signup. Their website indicates they handle GIA certified diamonds and luxury goods, suggesting a focus on higher-value items compared to some competitors.
As a pawn shop, American Jewelry & Loan provides short-term collateral-based lending with eligibility claims to verify, making it accessible to consumers with poor credit or those seeking short-term cash access. However, pawn loans carry implicit costs through the redemption period requirements and potential loss of personal items if loans aren't repaid. The business model is legitimate and legal, though customers should understand that pawning items means risking loss of collateral and that interest rates implicit in the redemption terms may be significant.
This is state-level context for Pawn Shops consumers in Hazel Park, MI. It does not confirm that American Jewelry & Loan - Hazel Park or this specific location is licensed.
State regulator
Michigan Department of Insurance and Financial Services
Consumer protection
Short-term lending status: Legal
General rate context: 25% for consumer loans; payday loans capped at $600 with 15% fee on first $100, tiered after
Michigan allows payday lending with a $600 cap, tiered fee structure, and a one-loan-at-a-time limit. Rollovers are prohibited. The Department of Insurance and Financial Services regulates consumer lenders, and complaints can be filed with DIFS or the Attorney General.
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
American Jewelry & Loan - Hazel Park offers 12 services including Pawn loans on jewelry, electronics, tools, and personal valuables, Selling valuables to company for fair market value cash, Purchasing pre-owned items at fraction of retail price, GIA certified diamond jewelry sales, Luxury handbag buying and selling, and 7 more.
American Jewelry & Loan - Hazel Park has profile signals associated with Consumers researching short-term cash access with eligibility claims to verify or lengthy approval processes, People with poor credit history who may not meet traditional personal-loan criteria, Sellers of jewelry, electronics, or valuables seeking immediate payment at fair market value, Bargain shoppers seeking quality secondhand items at below-retail prices.
Key strengths: Established 45+ year history as Detroit institution with strong local brand recognition; Multiple convenient Michigan locations (Detroit, Hazel Park, Pontiac, Southgate); eligibility claim to verify for pawn loans—accessible to consumers with poor credit. Areas to consider: Pawn loans require surrendering personal items as collateral, with risk of permanent loss if not redeemed; Interest rates on pawn loans, while not disclosed on website, are typically high relative to traditional lending.
In the Pawn Shops category, comparable providers include Biltmore Loan and Jewelry - Scottsdale, Buy Here Sell Here, LA Familia Pawn and Jewelry. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
American Jewelry & Loan is profile signals for consumers who are researching short-term cash access and have collateral (jewelry, electronics, tools) they're willing to pledge, or who seek bargain purchases of secondhand luxury items. The main caveat is that pawn loans require surrendering personal possessions with genuine risk of loss, and the implicit costs (redemption requirements, high interest terms) make this suitable for emergency short-term needs rather than ongoing credit building.
Biltmore Loan and Jewelry buys and sells gold, jewelry, and luxury watches like Rolex, and provides collateral-based loans in Scottsdale.
Google rating from 180 reviews
Profile signals: Customers with luxury watches, gold, or fine jewelry who are researching short-term cash access and prefer to avoid traditional lending, People seeking collateral loans who want to retain ownership of valuable items while borrowing against them
Licensed pawn shop in Columbus, OH with two locations offering collateral-based cash loans, firearms services, and retail of used electronics and tools.
Google rating from 104 reviews
Profile signals: Individuals with items of significant resale value (electronics, jewelry, tools) needing short-term cash ($200-$5,000) within days, Firearm owners requiring quick liquidity on guns or needing interstate firearm transfers
Miami, FL - LA Familia Pawn and Jewelry at 1823 NW 79th St is your local pawn shop for short-term cash access and jewelry services.
Google rating from 4,528 reviews
Profile signals: Individuals needing same-day cash with eligibility and bank-account claims to verify, People with valuable items (jewelry, electronics, firearms, musical instruments) seeking immediate liquidity
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