Collateral Pawn Loans….
You have several options when you bring your item into World Class Pawn, Pawn, Sell or Trade. A pawn loan is a collateral nonrecourse loan. Many people like the idea of pawn shops because they can borrow money quickly and get their pawned items back easily. Don’t be fooled by the lack of approvals; your credit score isn’t necessary to obtain quick money- even bad credit and no credit borrowers stand a chance here!
How it Works:
Step 1. We verify you have a valid ID, test and value your item(s), offer a loan amount.
Step 2. Then if we agree on a price, you will leave the item(s) with us as collateral to secure a pawn/loan.
Step 3. Later you come back and redeem your item for a fee.
Our pawn shop loan is for a term of 30 days and is renewable for as long as you need here in Cedar City Utah. Other pawn shops offer a short term loan in Utah; however, here at World Class Pawn we aim to give you the most for your merchandise while providing the best pawn shop rates in Cedar City UT. Our pawn shop makes it easy for you to get a loan on tools, electronics, firearms, pistols, shotguns, rifles, gold, jewelry, vehicles, luxury hand bags and more.
We are a family-owned pawn shop with a large selection and a great deal on pawn shop loans. Sometimes a pawn shop can be intimidating if you have never been in one, or had a bad customer experience before. We will show you the world of a difference.
If you decide not to redeem your item at the end of the 30 day term we simply put that item out for sale and you have no further obligation.
If you forget about your item, we will give you a courtesy call or text to remind you when it comes due for a payment
You can take out a loan against your car, which often requires only the title as collateral. The problem here is that if something happens to your vehicle before you pay off the loan, then what was supposed to be your way of getting cash becomes… well, not that. Also, if you don’t watch your spending habits carefully then you could end up upside-down on the loan.
Why is a pawn a good option for borrowing money?
Getting a pawn/collateral or auto title loan is fast and easy. Simply bring in your item & within a matter of a few minutes you can have cash in hand.No Credit check required
Your loan is based on the value of your item, not your credit history.
No payment is due for 30 days.
| Cost of Pawn Fees VS Potential Penalty Fees | Fee |
| Fee for a $100 Pawn Loan For a 30 Days | $20 |
| Bank Overdraft Fee | $35 |
| Merchant Returned Check Fee | $25 |
| Credit Card Late Fee | $29 |
| Utility Late Fee or Reconnect Fee | $45 |