1. You have an object of value that you can pledge as collateral for a loan.
2. We provide a valuation of your item, an explanation of how we arrived at it, and how much we can lend on it.
3. The terms are straightforward…. 4 months at a set rate of 3% per month in Massachusetts and 5% per month in Rhode Island. Some fees apply.
4. When the 4 months is up, either pay back the entire loan and take home your collateral or pay the accrued interest and get another 4 months!
5. Yes, it’s that simple!