If you are a person who doesn’t think much about pawnshops or what we do for the community, then you might not realize just how important we are. Keep reading to discover some of the ways in which we provide a service to our customers. If you need to pawn or sell an item, contact South Bay Jewelry & Loan at (310) 371-4571 or stop by during business hours.
We Offer a Way for Someone to Get the Money They Need without Giving Up Property They Love
Many of the people who come to us for a pawn loan have items that have sentimental value or that the owner simply loves. With a pawn loan, they can get the money they need and leave the item with us for collateral, then pay the loan back and get their item back without losing anything. This is a great way to get what they need without having to part with something they love.
People Can Come to Us for “Low-Value” Loans
While we can offer pawn loans for much more or much less (depending on the item you bring to us, the average pawn loan is $150. Where else would a person go to get such a small loan? Banks don’t offer loans for $150 in most cases. Payday loans are quickly being outlawed due to predatory lending practices. Pawn loans fill this need.
We Offer Short-Term Loans
Pawn loans do not lock people into high-interest loans they end up paying off for years to come. Instead, you will have a term we agree on – usually 120 days – to come pay for your item to get it back. We do not lock anyone in to a long, suffocating loan term.
The Community Can Get Cash Fast without a Long Application
All we need is for you to bring in what you want to pawn and a photo ID. We will take a look at your item and make an offer. If you agree to the amount, then we can get you your case. That is it – there is no long application process.
It’s an Option to Borrow Money for Those with Bad Credit or No Credit
We do not care what your credit score is. It could be 400 or 850 – it does not matter. Why? Because our loans are entirely collateral-based. That means we give you money based on what you leave with us. This is a secured loan that we know will be paid off, or we will get the item.
If you have questions about how pawn loans work, or you are ready to get an estimate for your item, contact South Bay Jewelry & Loan at (310) 371-4571 today.
