Collateral Backed Loans
How it works:
When you receive a loan from Justice Pawn Shop, you still retain ownership of your valuables. You are only leaving it with us as collateral for the time agreed. Justice Pawn Shop will appraise your items of value and offer you an immediate cash loan based on the current market appraised worth value of your item. Upon your agreement, Justice Pawn Shop will give you cash or a check on the spot.
A loan may be the best fit for you if you just need cash quickly. It removes the pressure of having to sell and there is no credit check report, or risk of ruining your credit. You will get your money right on the spot.
Here is a little walk-through as to how your transaction may go:
Show us the item you wish to use as collateral or sell
We appraise the item, test it and offer an amount to you based on its resale value
You accept the amount, decline the amount or work with your pawnbroker to negotiate a favorable amount.
Any required documentation like ID is given to the pawnbroker and the paperwork and documentation for your transaction are generated, signed and you are given a copy so you can retrieve it at a later time or keep a record for yourself.
Your item is prepared to be stored. Methods vary depending on the item. Your item is then labelled with the transaction number, your name and a description.
Your item is then put into our secure vault or storage and inventoried until you come to retrieve it, indicate you no longer want the property or default on your loan.