Loans when you need cash quickly

Anyone who has ever found himself short of cash several days before pay day understands that sinking feeling. Pawn lenders can be a helpful way out of cash flow troubles, providing immediate cash and possibly the bridge that gets you back in the green. Below are some common questions regarding obtaining a loan through a pawn lender.

Do I need high value assets to work with a pawn lender?

Pawn lenders work in the buying and selling market, but you do not have to possess high end merchandise to benefit from this service. Anything of value can be used as collateral for a loan, from jewelry to electronics to firearms. Even broken jewelry has value in the stones or metals that make up the piece, so you may find a pawn lender sees value in your items even if you do not.

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I just need a loan. Do I have to sell my valuables?

Most pawn lenders will work with you on a loan basis, in which they will simply hold your merchandise until you return to pay the loan. Usually you will be given a contracted time by which you must repay the loan in order for you to reclaim your merchandise.

Do I need a high credit score to receive a pawn loan?

Your credit score is not a factor when borrowing from a pawn lender. Your merchandise is your collateral, and you and the broker will agree upon the amount of the loan and the terms of the deal.

Should I have my merchandise appraised before requesting a loan?

It is always a good idea to have some idea of the value of your merchandise before approaching a pawn lender about a deal. You do not, however, need a bill of appraisal to accompany your items. Most pawn lenders have a full-time appraiser on site to evaluate your merchandise and determine a value while you wait or within 24 hours.

What happens if I am unable to repay my loan?

If you cannot repay your loan by the set deadline, you may be able to approach your pawn lender for an extension. If this is not possible, or if you do not believe you will be able to gather the funds to repay it, the pawn lender will simply keep your merchandise and sell it to cover the debt. The transaction will not affect your credit and no credit agencies will be contacted regarding the transaction.

  • Estate Jewelry
  • Loose Diamonds
  • Gold & Silver Coins
  • Gold Chains
  • Cameras

  • Tv's
  • Dvd's (Movies)
  • Wii
  • PlayStation
  • Xbox

  • Tools
  • Scrap Gold
  • Golf Clubs
  • Collectibles
  • Guitars - Amps

Contact Us

Phone: 330-743-1359

306 W Federal St, Youngstown

OH 44503

  • Daily 9:30am to 4:30pm
  • Saturday 9:30am to 1:00pm