401-722-1113
Fastcash Financial Services
Pawnbroker Services
A “pawn” is a short term collateral loan. Fastcash will loan money on anything of value. Some items we accept are jewelry, tools, instruments, electronics, and much more. At an interest rate of only 5% per month (60 APR), we charge the lowest rates available in Rhode Island. All loans are for 4 months and can be extended for another 4 months if the finance charges are paid up to date during the initial loan term. Anytime you make an interest payment, you may also pay down the principal balance of the loan. The whole process for a loan only takes a few minutes and NO CREDIT CHECK IS REQUIRED. Fastcash is a safe, secure, friendly place to borrow money. We are licensed by the State of Rhode Island and bonded and insured to protect every item on loan.
IS YOUR BUSINESS HAVING TROUBLE GETTING A LOAN? WE ARE HERE TO HELP! CALL US TODAY AT 401-722-1113.
Example of a Pawn on a 14K Necklace:
Loan Amount: $100
1 Month Interest: $ 5
Total to Redeem: $105
The terms for a pawn loan are 1 month with a 90 day grace period after the due date. The APR is 60%.
Check Cashing Services
Have you ever depositted a check at your local bank only to find out later that your funds would not be avaialble for a few days? At Fastcash, we can cash your check and give you the cash instantly. We cash many types of checks:
Payroll ChecksState ChecksGovernment ChecksInsurance Settlement ChecksIncome Tax ChecksLawyers’ ChecksUnion Checks401K and Pension ChecksMoney Orders
The current check cashing rates vary depending on type of check and the location which the check is cashed. For check cashing rates please contact us at 401-722-1113.
If you have a check that you are unsure about, simply bring it in to one of our Financial Service Center and we will gladly assist you.
Gold Buying Services
Fastcash will buy your unwanted gold, unused gold, broken gold, diamonds, platinum, and other precious metals and stones at competitive rates. In fact, if you come to us with a higher bid, we will do our best to match or exceed that bid.
Since gold prices fluctuate daily, please call us at 401-722-1113 for our current rates. We are a licensed precious metals dealer with the State of Rhode Island's Attorney Generals Office.
GOLD 101
Our goal is to educate you about the gold process so that you understand what your precious valuables are really worth. Below we have outlined some of the basic things you should know about gold and the different karats:
10k gold = 41.7% gold
14k gold = 58.5% gold
18k gold = 75.0% gold
21k gold = 87.5% gold
24k gold = 99.9% gold
All of the above karats are assuming the gold is plumb (meaning the gold is the exact karat it is supposed to be)
Did you know that market price of gold is based on 24 karat gold? What this means is that if the spot price of gold today were $1,000per ounce, the only karat worth that is 24 because it is basically 100% pure gold. To figure out what the other karats are worth, you just take today's market price times the different karat gold percentages above.
For example. (Assuming gold is $1,000 per ounce today)
10k gold = $417/ounce ($1,000 multiplied by 0.417) $13.36/gram ($417 divided by 31.2) $20.85/dwt ($417 divided by 20)
14k gold = $585/ounce ($1,000 multiplied by 0.585) $18.75/gram ($585 divided by 31.2) $29.25/dwt ($585 divided by 20)
18k gold = $750/ounce ($1,000 multiplied by 0.75) $24.04/gram ($750 divided by 31.2) $37.50/dwt ($750 divided by 20)
21k gold = $875/ounce ($1,000 multiplied by 0.875) $28.04/gram ($875 divided by 31.2) $43.75/dwt ($875 divided by 20)
24k gold = $1,000/ounce ($1,000 multiplied by 0.999) $32.05/gram ($1,000 divided by 31.2) $50/dwt ($1,000 divided by 20)
Now that you understand what your gold is really worth, there are a few factors to consider when selling. First of all, no one gets paid these prices, not even us! There are fees everybody in the industry pays to refiners to sell gold and they range from 2-5%. Second, more often than not gold is under karatted. This means that a piece that is 14 karat gold, which is supposed to be 58.5% gold, actually may be 56%. Basically, this means that someone mixed the item with a little less gold than they should have. Lastly, is our fee. We need to make something on every transaction otherwise we would not be in business. With this basic understanding of gold, you will immediately realize a good offer from a bad one. Just because a place is fancy or is full of expensive jewelery for sale, does not mean they pay very well for precious metals. If you found this section helpful, please leave feedback n our testimonials section. To find out what we are paying today, pick up the phone and call us at 401-722-1113.
Merchandise Buying Services
Fastcash is the perfect place to go shopping for everything from LCD TV's, gaming systems, laptops, DVDs, tools and beautiful GIA certified diamonds. We offer competitive, discount prices on all items. Come see what we have in stock or call us at 401-722-1113.