How Pawning Works at a Pawn Shop in Hollywood

Why pawn your valuables at a pawn shop in Hollywood?

Pawning is a great way to get a short-term loan without having to undergo credit checks. So if you need money quickly, or don’t have good credit, pawning is the ideal solution for you.

How it works

The basic principle is quite simple. Your item is used as collateral for securing the loan. Our friendly and professional staff will provide you with a completely free appraisal of the item you wish to pawn. Then they will inform you how much money you can get and what will be the duration of the loan. You are not under any obligation to accept the offer – as already said, the appraisal is absolutely free.

What you need to do

First of all, you need to bring your state-issued ID to a pawn shop in Hollywood. That is required for security purposes, to prevent trading stolen goods. If you decide to pawn your valuable and take the loan, you will need to repay it before the deadline specified in the contract. Just as any other loan, this loan is repaid with interest. However, we offer the lowest interest on the market.

Failing to repay the loan

If you fail to repay the loan on time, the pawned item becomes the property of our pawn shop. If that happens, we have the right to put the item for sale. But in many cases we re-loan so you can always recover your item. If you just wish not to recover your item, any interested party, including you, will be able to purchase it. So there is a chance that you can get your valuable back, even after you fail to repay the loan on time. A piece of statistics that might encourage you is that more than 80% of customers manage to get their pawned items back.


Visit L.A. Loan Company for top cash for your valuables