Collateral Loans/Pawn Loans
Loan/Pawn process explained
Pawn loans are 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 loan process is simple, easy and hassle free.
- 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.
If you have any questions about our pawn loan process, please feel free to call our store at 714-731-9600 with any questions.
Sometimes a customer prefers to sell their item or trade it for an item for sale in our shop. With years of experience in jewelry, diamond and collectible, we are able to appraise your items and offer more money. Please keep in mind that amount of loan offered is based on wholesale, pre-owned value of your items, and not the new price. Please note that we require a state issued drivers’ license or state photo ID card as identification each time a customer sells or pawns an item.
What makes Jewelry & Loan Pro different from other Orange County pawn shops?
We are family owned and operated, pawn shop specializing in buying and selling high end jewelry, diamond, gold and collateral loans on a wide variety of items. We offer quick and easy loans at competitive rates in Tustin. We treat our customers with respect and all transactions are 100% confidential and discreet. We take pride in the fact that our staff members value one on one relationship with each customer and provide them with an exceptional service.
Whether you have a high end jewelry item to sell or just looking for a small collateral loan, we offer fair pricing and we are able to pay more than our competitors.
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.