Loan USA Lending Process

How does a pawn work? 

A pawn is also known as a collateral loan.  Loan USA, Inc. loans money in exchange for items of value. Items can include gold, diamond jewelry, musical instruments, televisions, electronics, tools and more.  All loans are based on the value of the collateral.  When a customer pays back the loan, their items are returned to them.  If a customer chooses not to pay his loan back, it becomes property of Loan USA, Inc. and is sold at a value price for retail sale.

Why receive a loan from Loan USA, Inc.?
Loan USA, Inc. can provide consumers a quick, short-term cash loan that is confidential and requires no prior credit check. Temporary financial setbacks can arise where consumers may need cash now, and Loan USA offers an easy solution. Our loans do not damage credit, and can not cause bankruptcy. If you choose not to pay back your loan, it will not effect the opportunity to partake in future loans with Loan USA., Inc.

All of our locations present a well lit, clean and comfortable environment to do business in. Loan USA prides itself on loaning more than competitors, while selling for less.

How much should I expect for a loan on my item?

Loan amounts are based on the value of the item. Your loan amount will be determined according to other factors as well such as demand and condition of the item. 

How do you determine the value of the item?

Loan USA, Inc. determines the value of the item on its current appraised value, its current condition and its demand. We test all items to make certain that they work properly.

Is Loan USA, Inc. regulated?

The pawn industry is a heavily regulated provider of consumer financial services. In addition to state and local licensure requirements, laws concerning the terms and conditions govern Loan USA, Inc. transactions such as interest rates, loan duration, redemption methods, record-keeping and transaction reporting requirements.

Do most pawn customers lose their merchandise?

On average, about 90 percent of all items are reclaimed by customers. The majority of our business is made up of repeat customers who we have come to establish friendly, professional relationships with.

Are pawn rates excessive?

No. To provide our service,  Loan USA, Inc, like all lenders must charge rates proportionate with the size and duration of the loan. Our pawn transactions are short-term loans with no hidden charges.