If you’ve been hit with unexpected expenses and need some cash fast, sometimes working with a pawn shop and getting a pawn loan can help you. Every day Pawngo, the first online pawn shop in the U.S., assists people from across the country with their short-term financial needs. To date, we’ve worked with thousands of individuals, families, and businesses successfully. We take the time to get
to know our customers so we can serve them better, and so far, we’ve received a lot of great feedback.
Sometimes it makes more sense to get a pawn loan online versus a bank loan, especially if you need money immediately.
The following are five benefits to collateral loans over other options.
- 1. Collateral loans are fast, easy, safe and confidential. Pawn loans online don’t require a credit check, financial disclosures, or a lot of paperwork. The process itself is secure and safe.
- 2. You can get competitive rates (about 5 percent to 15 percent monthly interest); no principal monthly payment is required; and there’s no compound interest.
- 3. You probably have a valuable or asset to use for your collateral loan sitting in your home right now so it’s convenient. Plus, you get to keep your item after your loan is paid off, unlike selling it off somewhere else.
- 4. You get the cash you need quickly (sometimes even within 24 hours) and without an excessive wait time. With banks and other options, the wait time is much longer.
- 5. Pawn loans online can help you bridge those unexpected gaps in the short term and put you back on track quickly. Getting a pawn loan does not affect your credit scores and ratings.
- Here’s another fact most people do not realize. Personal loans with collateral are among the oldest ways to get money fast, and it’s much easier to do than people realize.
- You bring in a valuable or asset to a pawn shop and based on its value, you are offered a collateral loan.
- If you accept it, the asset is used as collateral until the loan is paid off in full.
- Once the collateral loan is paid off, you get your collateral back.
Pawngo allows you to secure and process your collateral loan via our website. You simply fill out the online application and send your information about your asset directly to us. We then get back to you with a collateral loan offer. Once you’re reviewed the offer and if you accept it, we provide you
with a prepaid FedEx label to ship the item to us and you can get your funding within 24 hours after acceptance of the offer. The item is kept safe with Pawngo and insured and stored during the loan process. Once you pay off your collateral loan, the item is shipped back to you.
Assets that Pawngo accepts include jewelry, loose diamonds, luxury watches, precious metals, Apple computers and products, cameras and equipment, musical instruments, and designer handbags. To learn more about online pawn loans or Pawngo visit https://pawngo.com/ or