Why Pawn?

No legal requirement to repay the loan. About 15% of pawnshop loans are never paid back. “You can walk away from a pawn at any point with zero recourse. That means you won’t be harassed by debt collectors or sued if you don’t repay.

No effect on your credit. A pawnbroker won’t pull your credit before making a pawn loan or report the loan to the credit bureaus. If you can’t repay the loan, you won’t see your credit suffer.

Quick access to cash. You may wait a few days with a traditional loan to get money, but a pawn loan can take just minutes.

Usually less costly than credit card and bank penalties. The fees and interest charges on pawnshop loans may cost less than the penalty for each overdraft of your checking account or late fee on your credit card bill. Overdraft fees can cost up to $35 per incident and late fees can run up to $41, plus you risk damage to your credit score when you miss a credit card payment