Do not fall into the trap of assuming that if you do not have good credit, you cannot get a loan. In this complicated time, many people need a little extra cash to get them through but they don’t have the credit history to get approved. That is where pawn loans can be the answer. Read on to learn about it and then call us at (310) 371-4571 or stop by.
Pawn Loans Do Not Require Credit Checks
One of the main reasons that pawn loans work when other loans don’t work is that no credit check is required. Why? Because we take something on collateral instead. For example, if you have an old watch that is simply collecting dust, you can bring it to us. We will appraise it and give you an offer. If you accept, you take the cash and we keep the watch. If you pay back the loan in time, you get your watch back. Otherwise, you keep the money and we keep the watch.
We Accept Many Different Items
You can bring a long list of items to us for cash. This includes diamonds, bikes, luxury watches, tools, musical instruments, designer handbags, gold, silver, electronics, and computers. If you bring us your jewelry, you’ll even get a free jewelry cleaning!
Interest Rates Are Much Lower Than You Would Get on Other Loans
There are other companies that will give people loans even if those people have bad credit – such as payday loan companies. However, those companies often charge outrageous interest rates and fees. The person who takes out that kind of loan often ends up paying on it for years without getting it paid off. Our interest rates are as low as 2% and we are transparent about all costs to you.
There Are Many Additional Benefits to Taking Out a Pawn Loan
If you don’t believe that we will give you a loan regardless of your credit score, consider this: We do not even check your credit. We do not check your income and do not even have income requirements. You can take out a loan of between $5 to $50,000, depending on the item you have to pawn. You get an immediate cash transfer.
Keep in mind as well that if you are unable to pay back the loan for any reason, there will be no collection company after you. You will have no negative impact on your credit. Instead, we will simply keep the item and you can keep the money. Call South Bay Jewelry & Loan at (310) 371-4571 if you have questions.