When you need cash today,
a pawn is the easiest way to get money.
Hi. We’re Guy and Dave and this is our pawn shop.
If you are new to pawning, you are in for a real treat as you discover why 70% of the population uses a pawn shop. And we’re sure that once you try our shop, you’ll understand why we have clients from all over Orange County drive past 10 other pawn shops to get to ours.
Simply put, a Pawn Loan is a loan that we give you where you provide an item of value as collateral for that loan.
So, let’s say that you need to pay rent, or a mortgage payment, or even just put gas in the car. You would bring us an item or several items to use as collateral for that money we are going to loan you.
If you were to bring in, as an example, a pair of diamond earrings. We would examine those earrings and tell you how much we could loan you based on that item. Let’s say we could give you $500, but you only needed $200.
We would give you the $200 and we keep your earrings secure in our vault.
- There are no credit checks.
- We don’t need your bank information.
- We don’t need your job information.
Now, the best part is, you can come back anytime before the loan is due and payback the loan plus any interest and ticket fee and get your item back.
- This is not like a credit card or personal loan.
- You do not make monthly payments to us.
This is a 90 day loan.
While you can redeem your item at anytime, we can’t accept any interest payment for 90 days. This is great news for you because you won’t have to worry about paying off that loan for 90 days.
Now, when we get to the 90 day mark, you can choose to redeem your item by paying back the loan with the interest or you can rollover your item.
Rolling over your item means that you pay the interest and ticket fee and we start a new 90 day loan over again.
Unlike the other guys, we will let you keep doing this every 90 days if you need.
I know what you’re thinking. “I bet the interest is sky-high!”
Not so. No here in California anyway…
In California, the maximum interest and fees on loans under $2,500 is set by state law… And in California, it is very consumer friendly – which is good news for you.
As an example, a $1,000 loan would cost a maximum of $80 for all 90 days. Need another 30 days? It’s only $25 more. Need more time? No problem. We’ll just roll the loan over and start a new 90 day loan.
This is extremely low.
Check out these benefits:
- There are no credit checks, your item is your credit.
- There are no required payments for 90 days.
- You can pay off your loan as soon as you want or take as long as you want.
- We keep your business 100% private. (We won’t contact your spouse or your job. This is between you and us – only.)
- You can have unlimited loans out at one time. Need more money? Bring in another item.
- The whole process takes about 5 minutes.
Never Been To A Pawn Shop Before?
If you’ve never been to a pawn shop, you might be thinking that all pawn shops are dirty and run by sleaze-bags.
Frankly, most are. It’s a shame, but that’s the reality of it.
We strive to be very different from what you might imagine a pawn shop to be like.
First off, we treat everybody with respect.
We will treat you the way we would want to be treated. Walk into any other pawn shop and see if they do that.
Secondly, we don’t judge anybody. People come to us for many, many reasons. Some come to us because medical problems and health issues in the family have put them in a tight spot and they need money. We’re their last hope. Others come to us because they have a bill to pay and they can’t wait until payday.
We’ve even had business owners that need cash to make payroll.
In our business, we’ve heard and seen every reason you can imagine. The bottom line, people come to us when they need help. We take our responsibility to help them very serious.
These are tough times we live in. The banks aren’t lending money. Credit has dried up. But we have a solution.
Stop on by or give us a jingle. We’re here to help.
Loans are given on a 4 month term, and can be picked up at anytime. Additional 4 month terms are available by paying the interest portion of the loan and rolling into a new term.
Our rates, as well as all pawnshops within California are regulated, and charge identical rates which vary according to the loan amount. The maximum APR is 108%.
A representative example is you can borrow $200 and pay back $206 ($6.00 in interest) on a 30 day loan. If the loan is kept the full 4 months the APR is 36% in addition to a one time $6 writing fee.