What are the advantages of a pawn shop loan?

Pawn shop loans can be one of the best loans available to many people and they are one of the most broadly available loans. So, if you have never considered a pawn shop loan, read on to find out why you should consider one next time you need to raise some money.

Speed and ease

Pawn shop loans can be one of the quickest and easiest loans on the market as you can walk into a store and walk out again with the cash in your pocket. The process is simple with few requirements. You will need to bring with you a valid form of ID and an item for collateral from which the loan value will be determined.

We will value your item and make you a loan offer. If you accept the loan offer, we will give you the cash straight away and we will store your item securely until the loan is repaid. We will explain everything to you and make the process as simple and clear as possible.

Checks and guarantees

We will not undertake any checks on your finances such as a credit check and the loan will not impact your credit rating. We will not require you to provide your home as collateral for the loan or any guarantees, you just need to use an item of the loan value as collateral.

Eligibility

There are no restrictions on who can apply for a loan from a pawn shop and there are no eligibility criteria. You just need a valid ID and to provide an item as collateral for the loan.

Flexibility

Pawn shop loans are flexible. If you decide you want your collateral item back sooner then you can repay the loan early with no penalty. If you are struggling to repay the loan, you can contact us and discuss extending the loan term so that you have more time to repay the loan, so you don’t lose the item.

Collateral

In terms of what you use as collateral for your loan, that is up to you. We accept a wide range of items as collateral for loans from jewelry, designer goods, electronics and cars, to name just a few. You will however only be offered a loan for the amount that we value the item for and no more, so you need to be realistic about what you bring to us and your loan expectations.

Where to get a pawn shop loan?

Florida Pawn offers some of the best deals for pawn items in Florida so there is no better place to go to sell your items. Our experienced and friendly team are here to help you at our Hollywood and Margate branches, so call into one of these branches and see how much money you can raise from your possessions.