What is a pawn loan? That’s a question we receive sometimes from customers who don’t know that you can take advantage of the stuff you own for financial credit.
Yes, it’s true! There’s a lot better way to use your valuable items than selling them at a garage sale. We’ll show you how to use a short-term pawn loan to access fast cash and address serious debt issues.
Do you have any old electronics or jewelry you wouldn’t mind setting aside for a while? What if there was a way to obtain a loan with them? Well, now you can because pawn loans only require an exchange of something valuable as collateral for quick sums of cash.
These are the kinds of items you can pawn with us:
The value of the pawn loan is contingent upon whatever you submit for collateral. In most states, the duration of the loan will be 30 days, there’s no hassle with credit checks, and extensions are possible in certain scenarios. Many of our clients use these to tackle large expenses they weren’t expecting.
Well, we certainly wouldn’t lend them if we thought they were “bad,” but let’s explain why they’re beneficial for the borrower. These are some advantages of obtaining one.
How do we administer pawn loans to our clients?
All you have to do is bring whatever it is you wish to pawn into one of our stores for a quick inspection and valuation. We’ll agree on an estimate and with your consent, we would safely store the items as collateral until repayment. Remember, this isn’t a permanent confiscation since most of our clients get their valuables back at the end of the loan period.
Lending Bear has over 20 store locations throughout the southeast United States. We take great care of your valuables in all of our secure locations.
If you’d like to learn more on this subject, check out this previous post on the pros and cons of choosing a pawn loan to borrow money. As always, our goal is to arm the borrower with as much information as possible, so that you know exactly what you’re doing with any credit instrument.
Our commitment to 100% customer satisfaction through fast-cash loans isn’t just glowing sales rhetoric. We’ve surpassed 6,000 evaluations on Google Reviews, which includes well over 5,000 5-star responses from real customers. That alone makes us one of the most trusted names in the lending business.
Contact us today and find out what is a pawn loan, and how to use them, today!