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EZ Pawn Corp New York, New York — Family-owned pawnbroker with 16+ NYC locations since 1996, offering collateral-based loans with 4% monthly rates and c...
Data compiled from public sources
EZ Pawn Corp is a three-generation family business founded in 1996 by David Kaminsky, whose father Martin established the original Gem Pawnbrokers in Brooklyn in 1947. The company operates 16-17 conveniently located stores throughout New York City and has positioned itself as one of the fastest-growing pawnbroking chains in the region. The business maintains family involvement in operations and marketing across its locations.
EZ Pawn Corp offers pawnshop services including collateral-based loans, item appraisals, and buy/sell transactions. Their primary loan structure charges 4% per month (48% APR), though they explicitly offer Military Lending Act-compliant rates of 36% APR to active duty military personnel and their dependents. The company provides instant cash upon loan approval and maintains a loan calculator on their website for borrowers to estimate costs. Beyond lending, they buy and sell merchandise, with customer testimonials referencing jewelry appraisal, laptop sales, and merchandise selection.
The company differentiates itself through emphasis on customer service quality, community engagement, and operational professionalism. They partner with charities including the Kiss Cares Coat Drive and NYC AIDS Walk. The business has received media coverage from CBS 2 New York and The New York Times highlighting their approach to community service and alternative lending. Customer reviews consistently praise friendly staff, fair pricing, professional operations, and knowledgeable loan officers. The website features an "About" section detailing three generations of family involvement and testimonials from 2017-2019.
However, the 4% monthly rate (48% APR) significantly exceeds the 36% APR cap mandated by the Military Lending Act for all consumers under federal law in many contexts. The website disclaims that advertised fees do not include storage, handling, and late fees, suggesting total costs may exceed estimates. As a pawnshop, this service requires surrendering personal property as collateral, creating risk of item loss if loans cannot be repaid.
This is state-level context for Pawn Shops consumers in New York, NY. It does not confirm that EZ Pawn Corp or this specific location is licensed.
State regulator
New York Department of Financial Services
Consumer protection
Short-term lending status: Banned
General rate context: 16% civil usury; 25% criminal usury; payday lending banned
New York bans payday lending through its 16% civil usury and 25% criminal usury caps. The Department of Financial Services aggressively pursues illegal online payday lenders. Consumers have strong protections under state law and can file complaints with DFS 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.
EZ Pawn Corp offers 8 services including Pawnshop collateral-based loans with instant cash disbursement, Item appraisal services for jewelry, electronics, and merchandise, Loan agreements and documentation, Buy/sell services for customer merchandise and goods, Online loan calculator for cost estimation, and 3 more.
EZ Pawn Corp has profile signals associated with Individuals researching short-term cash access with eligibility claims to verify or background verification, Active duty military personnel and dependents eligible for 36% APR rates, Consumers looking to sell used items like jewelry, electronics, or merchandise quickly, Short-term borrowers with valuable collateral who can repay within months.
Key strengths: Instant cash-in-hand transactions with eligibility claim to verify; Established family business with three-generation history and community reputation since 1996; 4% monthly rate displayed transparently with online loan calculator for cost estimation. Areas to consider: 4% monthly rate (48% APR standard rate) far exceeds the 36% federal rate cap that applies to most borrowers; Additional undisclosed fees for storage, handling, and late fees not included in advertised estimates.
In the Pawn Shops category, comparable providers include 24hr pawn shop, A-1 Pawn Brokers, Abe Mor Diamonds. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
EZ Pawn Corp is best suited for consumers who are researching short-term cash access with no-credit-qualification claims to verify and have valuable collateral they're willing to surrender. The primary caveat is the 48% APR standard rate, which exceeds federal lending caps applicable to most borrowers and creates significant repayment risk—the company clearly profits from loan defaults where collateral is forfeited rather than redeemed.
NYC-based pawn shop offering same-day cash for luxury watches, jewelry, diamonds, and electronics with extended hours until 2 AM on weekdays.
Profile signals: Individuals researching short-term cash access for luxury items (watches, jewelry, diamonds) without appointment hassles, Night-shift or late-evening workers who need pawn services outside standard business hours
A-1 Pawn Brokers offers collateral-based loans and direct purchases of valuables including gold, silver, diamonds, and watches with 35+ years of experience.
Profile signals: Consumers with poor or no credit history who are researching short-term cash access and may not meet traditional loan criteria, Individuals with valuable items (jewelry, watches, coins) they're willing to pledge short-term for liquidity
Family-owned diamond and jewelry buyer/seller in NYC since 1954, offering both retail purchases and consignment sales through their online platform.
Profile signals: Jewelry store owners and retailers seeking wholesale diamond inventory with personalized supplier relationships, NYC-based consumers selling inherited diamonds or jewelry who prefer local in-person evaluation
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