A Collateral Loan, or pawn loan, is secured by your collateral item(s). We lend money for gold, jewelry and other valuable items. As a licensed pawn broker, we are able to loan money to the customer based on the collateral. Our collateral loan process is simple, easy and hassle free.
Why Choose Us?
- We evaluate your item/items that you are bringing in for collateral.
- We will issue a 4 month Loan with a 10 day grace period.
- The interest is state regulated and is based on the amount of the loan.
- You will receive a ticket with all the information that is relevant to your specific loan.
- We will hold your item as collateral until you redeem your loan within the specified time the loan is active.
- You always have the option of renewing your loan by paying the interest amount.
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 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.
I’m extremely impressed by this shop
I’m extremely impressed by this shop. They have a very classy inventory of Antiques, Art, and Jewelry. I would absolutely recommend Watch & Wares!
High quality watch at a great price!
Great find! I’ve been searching for a particular Rolex. Other places kept showing me low quality watches at a high price. William found a high quality watch i was looking for at a great price! I’m pleased to work with a business that has been around for 15 years. Thank you,
Amazing service and quality products
Will and his staff have always given me amazing service and quality products. I have never had a complaint. Will’s experience and dedication to his shop is apparent from the minute you walk in.
Great honest guy!!
Great honest guy!! Helped us out and didn’t even charge for it!!! Amazing service and quality! They have a huge selection of jewelry and watches from Chanel to Rolex, antique jewelry, and rings to fall in love with. Extremely happy and will come back to them in the future. Thanks!!
Very knowledgable and friendly staff
Great place. Very knowledgeable and friendly staff. I’ve been in a few times and while I haven’t bought anything, they are always willing to help. While it is a small location, they do have a great selection.