Will My Items Be Safe When I Use Them As Collateral For A Pawn Loan?

One of the most common questions that we’re asked about the pawn loan process is, “Will the item that I use as collateral to secure the loan be safe & secure until I pay off the loan and get it back?”. The answer to this question is a resounding yes, your item(s) will be 100% safe with Empire Loan! When you bring in an item to use as collateral for a pawn loan, we will store it in our secure vaults and storage facilities until you pay back your loan! Each of our locations are equipped with state-of-the-art alarm systems and multiple security cameras, ensuring that your items and all the other merchandise in our stores will be safe and secure 24/7! After you receive a pawn loan from Empire Loan, you can get your items back by or before the end of the loan term by simply paying back the original loan amount (the principal) plus any interest and fees that have accrued at that time, all of which will be explained to you when you first get the loan. If you are not able to pay back your loan by the due date, you may be able to extend or renew your loan by paying the interest and fees that are due at that time. In any case, the item(s) you use as collateral to get a pawn loan will be completely safe until you default on the loan, at which point your item(s) will be foreclosed on and we will take ownership of them. If you have any questions or would like to learn more about the pawn loan process at Empire Loan, please don’t hesitate to contact us today by calling us at 1-800-375-PAWN or by filling out the contact form on our website!