What Is A Collateral Loan?
A loan, also known as a collateral loan is where a pawn shop takes in an item of value as collateral for a short-term loan.
With a collateral loan, you are essentially borrowing against your personal property. When you SELL an item, you relinquish your ownership of it, whereas, with a collateral loan, you still own the item and can collect it as soon as you pay back your loan.
Contrary to what other people believe, applying for a loan is as easy as 1-2-3. No credit check. Yes! That’s right. We heard your need for cash and we are offering you an easy solution during your difficult times. Just bring anything with VALUE may it be your jewelry, gold, or musical instruments that you are no longer using. And you will be coming out of the store with CASH in your hand. So, head out to one of our stores and our friendly staff will be happy to assist you.
We Offer Collateral Loans On:
In need of quick cash? We would to help you and offer you top dollar on your valuable items. We have in-store team members who are experts in correctly evaluating valuables so that we can offer you a fair loan amount on the items you decide to pawn with us.
We fully understand your valuables are important to you, whether family heirloom treasures or newly purchased luxuries. You can rest assured that the valuables you entrust in our care are safely stored and protected while in our custody until they are ready to be picked up.
We offer top dollar for these items and much more!
- Pre-loved Jewelry
- Electronic Devices
- Music Instruments
- Luxury Watches
- Firearms & Ammo
- Gold, Coins & Bullion
We Offer cash loans on pre-loved valuable items
Quick & Easy Cash With No Credit Check
Collateral loans make it quick and easy to get cash. Unlike bank lending, you don’t have to wait for days (or even weeks!) just to find out whether you’ve been approved. While other kinds of loans might require you to provide financial records and fill out numerous documents and forms, there are very few requirements with a collateral loan. You can have your pawn shop loan finalized within a matter of minutes and walk out with cash in your pocket.
With banks or other financial institutions, it’s guaranteed they will check your credit score. There are no such requirements when you get a collateral loan from a pawn shop. And you won’t be reported if you can’t repay your loan.
Unlike other lenders, if you can’t repay your loan, you won’t be reported to credit bureaus. And you’ll even be able to get a fresh loan based on the value of the new item you’re offering as collateral.