Should I get a pawn loan or sell my item?
As a customer, you have the option of requesting a collateral loan on your items, or sell those items for cash. Selling your items outright or taking out a collateral loan, is a personal decision at times depends on your individual circumstances.
When you pawn an item and get a collateral loan, you’ll get the cash you need with no credit check and without having to give up your item for good. With collateral loans, we will appraise your items and our staff will work with you to determine the loan amount. You’ll leave your item with us until it’s time for you to come back, repay the loan and collect your item. If your item has sentimental value and you want it back, collateral loan is a better option. However, if you don’t need your item back, you should consider selling. Also keep in mind that a pawn loan is less of a risk to pawn brokers, you can generally get more money for the item than by just selling it.
The best part about pawning your item and taking out a collateral loan is that you have no obligation to repay the loan. Since you’ve provided a collateral item to secure the loan, failing to repay can never affect your credit.