Collateral Loans in Pascagoula, MS, and the Greater Gulfport Area
Dad’s Super Pawn East offers a selection of jewelry, firearms, sporting equipment, tools, instruments, and electronics for sell, and we also purchase these goods from the community. In addition, our staff accepts a wide range of items to secure collateral loans. These loans can be used to pay bills or to get back on your feet in the midst of a financial emergency.
What Is a Collateral Loan?
Sometimes known as a pawn, a collateral loan allows you to receive a specified amount of money while holding an item as insurance of repayment. At Dad’s Super Pawn East, we accept a variety of articles as collateral for loans, including electronics, jewelry, and firearms. The item must hold the value of the loan you wish to secure. We also offer title loans for larger needs, up to $2,500.
Once the loan and fees are repaid in full, the item you used as collateral is given back to you. If a loan is not paid during the specified time, the item you used as collateral will be sold to cover the debt.
Why a Collateral Loan?
Collateral loans are a great option for individuals and families that need quick cash to cover expenses, especially those who have little or no established credit. At Dad’s Super Pawn East, we can accept a large amount of items as collateral because of our huge capacity. We are not a small mom and pop shop. We have a 10,000-square-foot showroom floor to provide for the needs of our purchasing customers.
A collateral item is never put on the sales floor, however, unless attempts to settle the debt have failed. Instead, all collateral loan items are held in safekeeping and quickly returned as soon as the account is fully settled.
Contact us to learn more about collateral loans or to discuss your specific needs.