I’ve thought about this question and the best way to define in a very basic way. This is what I’ve come up with after making loans for 30 Years. “A collateral Loan is simply an advance of cash to a person using that person’s property as the collateral for the advance. That person then has […]
Jewelry has always been a popular accessory in the world of fashion and in the world of marriage but when selling or pawning your jewelry always remember that it is typically a very “high markup” item! In many instances jewelry items are marked up 300% and higher! I’ve found this to be especially true on […]
You walk into a Pawn Store and since it’s called a “Pawn Shop” you figure that you need to tell the broker that you want to pawn your item. The pawnbroker ask if want to sell your item or Pawn it? I’ve seen the looks on customer’s faces when asked that question. They have the […]
An interesting use of a collateral loan is that it a great place to store your valuables! Many of our customers over the years have used us to store their valuables like firearms, coin collections, and jewelry etc. A few reasons are, they have family members that are a little less than trustworthy or they […]
Did you know that gold is very heavy, yet very soft? A cubic foot of Pure gold weighs 1200 pounds! That is 19,296 ounces, which on today’s market would be worth about 28 million dollars. Sooooooo, if you have a cubic foot of gold in your closet you can go ahead and quit work. Gold, […]
“Are collateral loans safe?” you may be asking. The Answer is: Yes. Collateral Lenders are heavily regulated with strict penalties and fines for not operating within the confines of the law. These loans are safe, secure, and beneficial. Who regulates collateral lenders? Not only are we regulated by several federal laws that apply to other […]