Collateral Accepted Loans Turns Value Into Cash
At North Scottsdale Loan and Gold, we specialize in lending cash to people from all walks of life. No matter what kind of financial problem might be striking them, we are here to help. If you’ve got a valuable item, then we can lend cash to you on the Collateral Accepted. We can help you relieve financial stress with a collateral loan in mere minutes. The beauty in short term pawn loans is that all you need is a form of collateral and valid identification. With just these two items, you can go from nothing to hundreds of dollars in minutes.
Modern Collateral Loans
A collateral loan is far from new in society. They go back hundreds of years, and have given bartering leverage to anyone with items of value. Because collateral accepted loans have always secured lending of cash or necessities, while negating unnecessary loss to the lender. Eventually these collateral loans found a name – pawn loans, due to the place they were originated were pawn shops. North Scottsdale Loan and Gold is the twenty-first century pawn shop accepting collateral of any and all types.
A pawn loan is also referred to as a collateral loan or secured loan. A pawnbroker valuates an item, in good working order and is visually appealing that holds monetary value. Therefore, based on its resale value, money is offered to the customer. Furthermore, it also acts as security for repayment allowing the lender to sell the item and get the money they loaned out back. They’re short term cash loans and meant to bridge people from moments of little cash to a later date. By Arizona Law, they’re all written out for a period of 90 days during which interest accrues and must be repaid at the end. The loans can be extended at the end of the term, or simply entirely repaid and the collateral can be returned to you on the spot.
Types of Collateral Accepted
We can’t stress enough to our customers in Tempe, Phoenix, or Scottsdale the fact that we’re more than happy to accept any and all collateral that holds at least a tiny bit of value. Therefore, North Scottsdale Loan and Gold, we’ve done loans from as little as $10 to as high as $100,000 based on the collateral. Furthermore, we have to ensure that we’re accepting anything and everything of value including:
If you’ve got an item of value and are in need of fast cash, then come get a collateralized pawn loan from our Scottsdale pawn shop. We can have you in and out in as little as five minutes with cash in hand.