We all get in a bind once in a while and need more money than we have in the bank. It happens. Emergencies arise and life gets off track. If your credit is less than stellar it can be a hassle to try and find extra resources through traditional channels.
Every time you check and pull your credit in hopes of a loan it actually lowers your credit score a little. Not exactly fair, but that is how the credit game works. So, if your score is already on the edge of not so great, running around trying to procure a loan certainly won’t help things.
This is where First Pawn has found its niche. We offer reasonable interest rate loans with no credit check based on collateral held rather than an obscure assigned FICO score.
What do we mean collateral-based loans?
A collateral-based loan is a loan that is issued against the value of an item which we can hold in our possession until the time that the loan agreement is met and the loan plus the agreed upon interest is paid off. Once the payments have been made the contract is satisfied and you get your item back free and clear. Nothing ever goes on your credit report.
This is what is known as pawning an item. Once the contract is signed and agreed to by both parties, you are handed cash in hand to walk out with and do as you need to. As long as the payments are made on time (and please do call and talk with us if you have an issue making a payment. We do try and work with our customers as best we can), once the loan is fulfilled, we take your item out of safe storage and hand it right back to you. Should you decide not to pay back the loan that is also ok. At that time we take possession of the item on a permanent basis. This route also ends the contract.
While in our possession we take good care of your belongings. They are labeled and numbered so they are easy to find and are completely insured during their stay.
We accept loans on a huge variety of items – if it has value chances are we will issue a loan against it. Video game consoles, iPhones, iPads, computers, jewelry, watches, firearms, even vehicles in some cases.
If you are interested in finding out about procuring a loan talk with us. www.firstpawn.com . We have two convenient Southwest Florida locations in Naples and Lehigh Acres!
889 Airport Road South, Naples, FL 34104 | 239-434-7296
1331 Homestead Rd N, Lehigh Acres, FL 33936 | 239-369-2274