A charge labeled Jery’s Pawn on your bank or credit card statement almost always traces to Jery’s Pawn, a family-owned pawn shop operating in Hope Mills and Spring Lake, North Carolina, since 1997.1Jery’s Pawn. Jery’s Pawn – Home The amount is usually a payment on a pawn loan, a retail purchase, or a layaway installment at one of its two storefronts. If none of those fit, the sections below explain how to dispute the charge and how to tell whether a loan-related amount is within the limits North Carolina sets by law.
Who the Merchant Is
Jery’s Pawn is run by D&J Investments Co Inc, with locations at 3061 N. Main St. in Hope Mills and 518 N. Bragg Blvd. in Spring Lake.2FFL Dealers. D&J Investments Co Inc – Jery’s Pawn The same owners run an affiliated firearms retailer called Shooter’s Supply in Fayetteville.1Jery’s Pawn. Jery’s Pawn – Home Note that Jery’s Pawn is a different business from Jerry’s Pawn Shop, which belongs to EZCORP’s EZPAWN family of brands.3EZCORP. Company Overview If you or a family member visited either Hope Mills or Spring Lake, that is the likely source.
What the Charge Probably Covers
Pawn shops produce three common types of card charges. The most frequent is a payment on a pawn loan, which bundles principal, interest, and the monthly service fee into one amount when a customer redeems collateral. The second is a straight retail purchase from the showroom, which can run from a few dollars for a used tool to several thousand for jewelry, firearms, or electronics. The third is a layaway installment on merchandise set aside for later pickup.
Jery’s Pawn accepts gold, jewelry, firearms, electronics, tools, musical instruments, luxury watches, designer handbags, sporting goods, and collectibles as collateral, and offers 30-day extendable loans. The shop does not post its fee schedule online and directs customers to call either location for a quote.1Jery’s Pawn. Jery’s Pawn – Home Whatever the quoted figure, state law sets a hard ceiling.
How to Check a Loan Charge Against NC Law
Under North Carolina General Statute § 66-393, a pawnbroker may charge interest of no more than 2% per month on the loan principal.4Justia Law. North Carolina General Statutes § 66-393 On top of that, the shop can add a monthly service fee covering appraisal, storage, insurance, and the mandatory daily reports to law enforcement. That fee cannot exceed 20% of the principal and is further capped in dollars:5North Carolina General Assembly. Chapter 66, Article 45 – Pawnbrokers
- First month: $100 maximum
- Second month: $75 maximum
- Third month: $75 maximum
- Fourth month and beyond: $50 maximum per month
No other charges of any kind are allowed, aside from a returned-check fee. A pawn contract that exceeds these limits is void, and the pawnbroker loses the right to collect any interest or fees on it.5North Carolina General Assembly. Chapter 66, Article 45 – Pawnbrokers If the amount on your statement is more than principal plus 2% interest plus the applicable monthly cap, something is wrong.
Disputing an Unrecognized Credit Card Charge
If the charge hit a credit card and you did not authorize it, the Fair Credit Billing Act is on your side. Call the issuer at the number on the back of the card, then follow up in writing to the billing-inquiry address (not the payment address) within 60 days of the statement date.6Consumer Financial Protection Bureau. How Do I Dispute a Charge on My Credit Card Bill Include your name, account number, the amount, and the date of the charge, with any supporting documents. The issuer must acknowledge the dispute within 30 days and resolve it within 90. Your maximum liability for unauthorized credit card charges under federal law is $50.7Federal Trade Commission. Using Credit Cards and Disputing Charges
Disputing an Unrecognized Debit Card Charge
Debit card disputes fall under Regulation E, which implements the Electronic Fund Transfer Act. Notify your bank within 60 days of the statement showing the charge.8Consumer Compliance Outlook. Error Resolution and Liability Limitations Under Regulations E and Z The bank then has 10 business days to investigate. If it needs longer, it must provisionally credit the disputed amount to your account while the investigation continues.9Consumer Financial Protection Bureau. Electronic Fund Transfers FAQs The bank cannot require you to contact the merchant first, file a police report, or produce a notarized affidavit before it opens the investigation. If it cannot show the transaction was authorized, it must credit your account.
Before you file either kind of dispute, check with anyone who shares the account. A spouse, partner, or adult child who redeemed a pawned item or picked up a layaway purchase is the single most common explanation for a pawn shop charge that looks unfamiliar.
If You Think the Fees Were Too High
Charges that exceed the North Carolina caps are a matter for the state Department of Justice. You can file a consumer complaint through the department’s online portal or call its consumer assistance line at 1-877-5-NO-SCAM (1-877-566-7226) in North Carolina, or (919) 716-6000 from outside the state.10North Carolina Department of Justice. File a Complaint The office uses mediation to try to resolve disputes between consumers and businesses. It does not file lawsuits to recover money for individual consumers, so if mediation does not work, the next steps are small claims court or a private attorney.11North Carolina Department of Justice. Protecting Consumers
Pawnbroker licenses in North Carolina are issued by cities and counties rather than the state, so there is no central database to look up a shop’s license.5North Carolina General Assembly. Chapter 66, Article 45 – Pawnbrokers To confirm licensing, contact the city or county clerk where the shop operates.