DENVER, Oct. 18, 2016 /PRNewswire/ -- Not all pawn shops are the same; Pawngo, the first dedicated online pawn shop in the U.S., is redefining how people across the country view "pawn loans" with its attention to details, customers service, and upscale asset-based lending services. How does a Pawngo loan work? See the definition below.
"Pawngo Loan /pôn-gō/ /lōn/ Noun. A loan that gives you a quick and easy way to borrow between $500 to $50,000 without financial disclosures or bank hassles. Use items you already own to achieve a short-term solution to your cash flow needs. Accept your offer and get funded within 24 hours! You choose your repayment plan and the length of your loan term. Once you pay back your loan, Pawngo ships the item back to you, fully insured and completely on us."
Unlike traditional brick-and-mortar pawn shops, Pawngo is all online and only accepts easily-shippable, valuable assets to be used for collateral loans. These assets include jewelry, loose diamonds, precious metals, luxury watches, cameras and equipment, Apple products, musical instruments and designer handbags.
"Many of us already have a small, valuable asset in our homes," explained Jim McHose, Pawngo's co-founder and CEO. "When we find ourselves facing hard times or needing to pay unexpected bills, using these assets to get cash can be a smart and practical move. At Pawngo, we've redefined our industry in a positive way while offering our customers short-term financial solutions."
Pawning or collateral loans are among the oldest and most basic ways to get money when you need it. Pawngo makes the process is safe, easy, and secure. The transaction can take place from the privacy of your home; there's no need to drive to a shop front. Plus, you can borrow money online without worrying about credit disclosures or the loan affecting your future credit history, or the hassles of excessive monthly rates.
"Once your loan is paid off, you can get your asset back. It can be a better option than selling off your keepsakes or heirlooms at fire-sale prices," McHose explained.
To date, Pawngo has provided more than $15 million in collateral loans and helped thousands of people from around the country, including individuals, families and small business owners.
To get started, customers fill out an online pawn application and an evaluation form to find out the estimated loan value of their assets. Customers review all offers before they are accepted. Pawngo provides customers with prepaid FedEx shipping labels for items accepted for collateral loans. Pawngo can make funding available within 24 hours after an offer has been accepted. Customers' assets are then insured and kept safe and secure with Pawngo during the loan process. Once the loan is paid off, the asset is shipped back to the customer.
Pawngo has competitive rates, typically significantly less than the traditional pawnbrokers. Pawngo is willing to work with people if they need to extend or change the terms of their loan offers. In addition, Pawngo offers its customers automated electronic loan payments, which can eliminate the worry of missing payments. All the costs of the loans are built in and there are no hidden costs or fees.
To get started with a quote or learn more about Pawngo, visit https://pawngo.com/ or call 1-866-499-2363.
Pawngo, based in Denver, Colo., is a full-service online pawn shop that's been in business for seven years and provides a short-term answer to immediate financial need via collateralized loans. Pawngo's secure, discreet online process allows customers to conduct the entire loan transaction from the comfort and privacy of home. Pawngo's mission is to help individuals, families and small business owners get the cash they need quickly, without any risk to their credit, and so far customers across 48 states are inclined to agree that Pawngo's mission has been a success. For more information about Pawngo visit https://pawngo.com/ or call 1-866-499-2363.
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