Collateral Loans in Ames
At Express Pawn, we know there are times when life can throw you a curveball, and you may need extra cash when you least expect it. Our Ames customers know that Express Pawn is a trustworthy place to receive personal loans with bad credit or no credit, and no co-signers necessary. Express Pawn provides a welcoming, hassle-free environment for our Ames customers to obtain a personal loan no matter what their personal situation may be. Our fair and experienced pawn brokers want to help you get the most value for your personal items.
When you receive a collateral loan from Express Pawn, our pawn brokers will make sure you know that there is no hidden agenda. We will guide you through every step of the appraisal process as we assess the value of your items. Many people get discouraged after being turned down by financial lenders when they try to apply for loans with bad credit, but our pawn brokers make getting a collateral loan attainable, fast, and easier than ever. We try our best to make sure each of our customers leave 100% satisfied with their collateral loan transaction.
Why Should I Choose Express Pawn for My Collateral Loan?
Other local pawn shops offer collateral loans, however, Express Pawn has a tried-and-true appraisal process with an increasingly high customer satisfaction rate. By using the most up-to-date market research tools to determine the market value of your items, we can ensure you receive the most competitive offer available in the Ames area. When you receive collateral loans from us, you have 4 months to return payment and retrieve your item, or you can choose to leave your item with us, penalty free, no questions asked. We are happy to grant loan extensions as well, and we charge highly competitive interest rates at only 20%. We are also happy to negotiate interest rates for larger loans over $1,000.
What Are the Requirements for a Collateral Loan from Express Pawn?
To receive a loan from Express Pawn, you must be 18 years of age and provide a valid state-issued ID, driver’s license, or US passport. There is no minimum amount for loans and the maximum is according to state regulations. We do allow for loans of over $1,000 at a reduced interest rate. You have 4 months to pay your loan back or simply let us keep your item for no legal penalties or additional fees. Loan extensions may be granted.
How We Determine Your Item’s Value
There are 4 main factors reputable pawn shops, like Express Pawn, look for when determining the worth of your personal items:
- Value and Originality— Is your item unique and one-of-a-kind, or is it mass-produced and easily obtained? Will the item increase in value over time (such as gold and precious metals) or decrease in value (such as most electronics)?
- Wear and Tear—Is the item in mint condition? Are there any visible marks or scratches that could decrease its worth? Does it work properly?
- Authenticity—Has the item ever been repaired? Does it have all necessary and original parts intact?
- Demand for Item—Is the item a rare antique or currently in high demand? How likely are people going to want to buy this item?
Remember, that market values fluctuate frequently, but the pawn brokers at Express Pawn work hard to stay ahead of our competitors by offering the best pricing and interest rates in the Ames area. Visit Express Pawn today to get the cash you need from people you can trust!
“Come in with your valuables and leave with something valuable at Express Pawn!”