Pawnshop collateral loans what are they? Pawn loans have been around for centuries. It is a loan based on the value of a physical item. So, there is no credit check. Also if you fail to pay it back, there is no damage to your credit score. You simply lose the item to the pawnshop. Then the pawnshop will sell the item to recoup the money owed. So it makes more sense than a signature loan, as it doesn’t hurt your credit if you fail to pay. Lets face it, times are tough. So here at American Jewelry and Loan in Costa Mesa Ca. we are here to help. We have been here over 40 years with many long time customers. We offer fair valuation , and friendly service… So, if you get into a bind, or just need some extra cash, come on in to see us.
Pawnshop Collateral Loans What Are They?