Loans - Buy - Sell - Trade

By: Express Pawn Shop  09/02/2014
Keywords: Diamonds, Pawn Shops, Gold Jewelry

Your in a tight spot, don't worry express pawn is here to help you. We offer best service in town and pay the most for your items. We take all kinds of items, if you have any question please call us (562)-868-1111. EXPRESS PAWN SHOP offers secured loans to people, with items of personal property used as collateral. The items having been pawned to the broker are themselves called pledges or pawns, or simply the collateral. If an item is pawned for a loan, within a certain contractual period of time (4 months) the customer may EXTEND THE LOAN OR REDEEM it for the amount of the loan plus interest. The amount of time, and rate of interest, is governed by state of California. If the loan is not paid (or EXTENDED) within the time period, the pawned item will be offered for sale by the pawnbroker. Unlike other lenders, the pawnbroker does not report the defaulted loan on the customer's credit report, since the pawnbroker has physical possession of the item and may recoup the loan value through outright sale of the item. The pawnbroker also sells items that have been sold outright to them by customers.

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