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First Cash Pawn in Colorado Springs, CO

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Colorado Springs, CO's First Cash Pawn at 348 Main Street provides pawn loans and buys gold, jewelry, and electronics.

Data compiled from public sources

First Cash Pawn Review

First Cash Pawn at 348 Main Street in downtown Colorado Springs is open Monday through Saturday, 10 AM to 6 PM (closed Sundays). Located in the heart of Colorado Springs, this pawn shop handles everything from jewelry and watches to electronics, musical instruments, and collectibles. The Colorado Springs branch welcomes both first-time customers and regulars seeking fair valuations and short-term cash access.

The 348 Main Street location specializes in pawn loans, gold and jewelry buying, electronics purchases, watch appraisals, and collectible valuations. Whether you're looking to pawn an item temporarily or sell outright, the team here provides listed pricing and knowledgeable assessments. Call 719-390-8706 to discuss your items or ask about current inventory before you visit.

First Cash Pawn in Colorado Springs, CO serves residents and visitors researching short-term cash access without the hassle of traditional loans. Bring a valid photo ID and any documentation (receipts, certificates of authenticity, or proof of purchase) to help with fair valuation of your items. This Main Street location offers a straightforward alternative to typical financing when you need money fast.

Services & Features

Cash-on-spot payment for items sold to FirstCash
Consumer privacy and terms of use documentation
FAQ and educational resources about pawn loans
Gold, silver, and precious metals buying (immediate cash payment)
In-store inventory browsing and purchasing
Layaway plans with 10% down payment option
Lease-to-own and retail finance solutions through subsidiary AFF (15,000+ merchant partners)
Online store locator to find nearest location
Pawn loans secured by personal property (jewelry, electronics, tools, appliances, sporting goods, musical instruments)
Retail sales of bought and sold merchandise

Feature Checklist

Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection

Pros & Cons

Pros

  • eligibility claim to verify—immediate approval based on collateral value, not creditworthiness
  • Non-recourse loans—you don't lose more than the pledged item; no wage garnishment or collection activity
  • Instant cash in hand—provider-stated funding timing without the multi-day processing of traditional loans
  • Massive store network of 3,300+ locations ensures accessibility across 29 U.S. states and international markets
  • Publicly traded company (S&P MidCap 400, Russell 2000) provides regulatory oversight and financial stability
  • Buy/sell marketplace for merchandise offers alternative to traditional retail and secondhand options
  • Gold and precious metals buying service provides immediate conversion of assets to cash
  • Layaway service with affordable 10% down offers installment purchasing without traditional credit

Cons

  • Pawn loan interest rates and fees are significantly higher than personal loans, credit union PALs, or payday alternatives—making them expensive for borrowing
  • Loss of personal property—if you cannot repay, you permanently lose the item; emotional value not considered
  • Limited loan amounts tied to item appraisal value—not suitable for large cash needs beyond collateral worth
  • No credit building—pawn loans do not report to credit bureaus, so borrowing doesn't improve credit scores
  • Retail merchandise prices may exceed fair market value compared to online retailers or direct sales

State Consumer Finance Context

This is state-level context for Pawn Shops consumers in Colorado Springs, CO. It does not confirm that First Cash Pawn or this specific location is licensed.

State regulator

Colorado Department of Regulatory Agencies - Division of Banking

Money services context in Colorado

Short-term lending status: Restricted

General rate context: 36% APR cap on payday loans (2018 ballot measure); 12% for consumer loans under usury statute

Colorado voters approved Proposition 111 in 2018, capping payday loan APR at 36% and requiring minimum 6-month terms. The Uniform Consumer Credit Code provides comprehensive consumer protections for all credit transactions. Consumers can file complaints with the Attorney General or the Division of Banking.

Key state rules to check

  • Proposition 111 (2018) capped payday loan APR at 36% and eliminated balloon payments.
  • The Uniform Consumer Credit Code governs most consumer lending in the state.
  • Payday loans limited to $500 with a minimum 6-month term.

Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.

Frequently Asked Questions

What services does First Cash Pawn offer?

First Cash Pawn offers 10 services including Pawn loans secured by personal property (jewelry, electronics, tools, appliances, sporting goods, musical instruments), Retail sales of bought and sold merchandise, Gold, silver, and precious metals buying (immediate cash payment), Layaway plans with 10% down payment option, In-store inventory browsing and purchasing, and 5 more.

What profile signals are listed for First Cash Pawn?

First Cash Pawn has profile signals associated with Consumers with short-term cash needs and valuable collateral (jewelry, electronics, instruments) who lack traditional credit, Individuals who need quick liquidity with eligibility claims to verify or multi-day approval processes, People shopping for discounted secondhand merchandise or seeking to buy/sell valuables in-person, Consumers with poor credit who cannot qualify for personal loans or payday alternatives.

What are the strengths and weaknesses of First Cash Pawn?

Key strengths: eligibility claim to verify—immediate approval based on collateral value, not creditworthiness; Non-recourse loans—you don't lose more than the pledged item; no wage garnishment or collection activity; Instant cash in hand—provider-stated funding timing without the multi-day processing of traditional loans. Areas to consider: Pawn loan interest rates and fees are significantly higher than personal loans, credit union PALs, or payday alternatives—making them expensive for borrowing; Loss of personal property—if you cannot repay, you permanently lose the item; emotional value not considered.

How does First Cash Pawn compare to similar companies?

In the Pawn Shops category, comparable providers include Acme Pawn North, Acme Pawn Original, Atlantic Jewelry & Loan. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.

Quick Facts

Headquarters
348 Main St, Colorado Springs, CO 80911
BBB Accredited
No
Visit First Cash Pawn

CreditDoc Profile Note

Research Note on First Cash Pawn

FirstCash is profile signals for individuals with short-term cash needs, no access to credit, and valuable personal property to pledge as collateral. The primary caveat is that pawn loans are expensive compared to alternatives like personal loans, credit union PALs, or payday alternatives, and losing collateral creates permanent loss rather than debt recovery options available with traditional lending.

Profile Signals

  • Consumers with short-term cash needs and valuable collateral (jewelry, electronics, instruments) who lack traditional credit
  • Individuals who need quick liquidity with eligibility claims to verify or multi-day approval processes
  • People shopping for discounted secondhand merchandise or seeking to buy/sell valuables in-person
  • Consumers with poor credit who cannot qualify for personal loans or payday alternatives
Updated 2026-05-08

Similar Companies

Acme Pawn North logo

Acme Pawn North

Family-owned pawn shop operating 5 Colorado Springs locations since 1976, offering collateral-based cash loans and buying/selling used merchandise including jewelry, firearms, electronics, and musical instruments.

BBB: NR

Profile signals: Individuals researching short-term cash access who have valuable collateral (jewelry, electronics, instruments, firearms), Bargain hunters seeking discounted used merchandise across multiple categories

Acme Pawn Original logo

Acme Pawn Original

Family-owned Colorado Springs pawn shop since 1976 offering collateral-based cash loans and buying/selling used merchandise across jewelry, firearms, electronics, and collectibles.

BBB: NR

Profile signals: Individuals researching short-term cash access loans against collateral they own (jewelry, firearms, instruments, electronics), Budget-conscious shoppers looking for discounted used merchandise across multiple categories

Atlantic Jewelry & Loan logo

Atlantic Jewelry & Loan

Atlantic Jewelry & Loan is a Denver pawn shop offering collateral-based loans, jewelry sales, repairs, and secondary services like check cashing and computer sales since 1991.

BBB: NR

Profile signals: Denver residents researching short-term cash access against jewelry or electronics collateral, Customers with broken jewelry who want on-site repair combined with pawn options

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Quick Summary

  • First Cash Pawn is listed as a Pawn Shops provider in Colorado Springs, CO on CreditDoc.
  • Use this page to check contact details, location, listed services, review signals, FAQs, and similar providers before deciding what to do next.
  • If you need a loan, account, installment option, credit help, or debt support, start with the fit quiz and compare alternatives before contacting a provider.
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