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Phrases with «pawn loan»

A pawn loan is a type of loan where you give something valuable, like jewelry or electronics, to a pawn shop in exchange for money. The pawn shop keeps your item as collateral until you pay back the loan amount plus any additional fees. If you don't pay back the loan, the pawn shop can sell your item to recover their money. Full definition

Related phrases

Sentences with «pawn loan»

  • Unlike auto pawn loans, you don't have to worry about giving up your only method of transportation while you continue making payments. (titlelo.com)
  • While there are other types of secured personal loans available (an example would be pawn shop loans), a car title loan offers a unique advantage: unlike pawn loans, where you are required to provide the lender with possession of the jewelry or other valuable you are borrowing against, since all you need to hand over is the car title, you are able to drive your car while you make payments. (titleloans-northcarolina.com)
  • The valuation of your collateral is also much better than in pawn loans. (nation21loans.com)
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