Prèstamos personales, rápido, efectivo y urgente! Llamar al 832-674-7522, se habla español.
We loan on most anything of value. We will beat anyone else's loans! Come see us.
Bring in your stuff, we will check it out and if they have resale value, we can loan on it. The more they are worth, the more we can lend.
Understanding Pawn Shop Loans
Pawn shop loans are a type of secured loan where you pledge an item of value to a pawn shop in exchange for a loan. The pawn shop evaluates the item and offers a loan amount based on its assessed value.
This loan is typically short-term and needs to be repaid within a specified period. If you repay the loan along with the agreed-upon interest, you reclaim your item. If you fail to repay, the pawn shop retains the item and may sell it to recover the loan amount.
There is minimum or maximum time period for the loan. You can get a loan for 2 days or extend it for many years. It is at your convenience that you decide how long you need the loan for.
The Pawn Shop Loan Process
Types of Items Accepted as Collateral
Loan Terms and Conditions
Is my collateral safe while in pawn?
While your item is in pawn, you still own it. It is our responsibility to keep it safe and in good condition while it's in our care. When you give us an item for a pawn, we keep all accessories (remote controls, cables, etc.) with your item and place it in a secure area. Your item is safely stored until you return to pay your pawn loan in full and reclaim it. Pawn America is fully insured for the loan value of the collateral we keep.
Bring in your stuff, we will check it out and if they have resale value, we can loan on it. The more they are worth, the more we can lend.
Understanding Pawn Shop Loans
Pawn shop loans are a type of secured loan where you pledge an item of value to a pawn shop in exchange for a loan. The pawn shop evaluates the item and offers a loan amount based on its assessed value.
This loan is typically short-term and needs to be repaid within a specified period. If you repay the loan along with the agreed-upon interest, you reclaim your item. If you fail to repay, the pawn shop retains the item and may sell it to recover the loan amount.
There is minimum or maximum time period for the loan. You can get a loan for 2 days or extend it for many years. It is at your convenience that you decide how long you need the loan for.
The Pawn Shop Loan Process
- Initial Appraisal: Bring your item to the store. We will assess its value based on factors like condition, market demand, and current resale value.
- Negotiation of Loan Amount: Based on the appraisal, we may offer a loan amount. You can negotiate this amount if you believe the value of your item warrants a higher loan.
- Completion of Loan Agreement: If you agree to the loan amount, you’ll sign a loan agreement that details the terms, including interest rates, repayment schedule, and consequences for non-repayment.
- Receiving the Loan Amount: Once the agreement is signed, you receive the loan amount in cash. We retain your item as collateral until you pick it up (pay the loan off) or you forfeit the item (after 2 months of non-payment of the interest).
Types of Items Accepted as Collateral
- Jewelry: Gold, silver, diamonds, and gemstone jewelry are popular due to their intrinsic value.
- Weapons: We accept rifles, pistols, revolvers, shotguns, bows, crossbows, swords, etc...
- Tools: Most valuable tools like Milwaukee, DeWalt, or Snap-On, etc...
- Electronics: Items such as smartphones, tablets, and laptops.
- Collectibles: Rare coins, vintage toys, and sports memorabilia.
- Luxury Goods: High-end watches, designer handbags, and other luxury items.
- Musical Instruments: Guitars, basses, amplifiers, speakers, etc..., anything of value used in recording studios.
Loan Terms and Conditions
- Interest Rates: Currently the interest rates vary from 180% (loan amounts between $255.01 to $1700) to 240% (loan amounts between $.01 to $255) APR for loans up to $1700.
- Loan Examples: A loan of $200 has a monthly interest of $40. A loan of $500 has a monthly interest of $75).
- Repayment Periods: You renew your loan every month by paying the interest by the due date. You forfeit your item if the interest is not renewed after 2 months. There is no limit to the times that a pawn can be renewed. You can also pick up your pawn before the first month interest is due at a prorated (lesser) amount. You can also pay down on your loan principal whenever you want. As long as you pay the interest every month, then you will not lose your pawned item.
- Penalties for Late Payments or Defaults: If you fail to repay the loan within 2 months, we will keep your item and sell it to recoup the loan amount.
Is my collateral safe while in pawn?
While your item is in pawn, you still own it. It is our responsibility to keep it safe and in good condition while it's in our care. When you give us an item for a pawn, we keep all accessories (remote controls, cables, etc.) with your item and place it in a secure area. Your item is safely stored until you return to pay your pawn loan in full and reclaim it. Pawn America is fully insured for the loan value of the collateral we keep.
Site powered by Weebly. Managed by IPOWER