How much money can I get?
A: Our loans start at $1,000 and go up depending on the value of your collateral.

What exactly do you take for collateral?
A: Jewelry, artwork, firearms, higher end musical equipment and instruments, boats, cars, trucks, RV's, snowmobiles and jet skis.

How do you determine the value of my collateral?
A: We determine the value based on a percentage of what we think we can sell the collateral for if you do not repay the loan. We take into account the age and condition of the collateral as well as other market factors.

 

How long is the term of the loan?
A: This is a short term loan (typically 30-days) with options to extend it considered on a case-by-case basis.

 

How much is my loan going to cost me?
A: For loans of $1,000 to $5,000, the interest and service fees are 10% of the loan amount per 30-day term. For loans of $5,000 to $25,000, the interest and service fees are 7% of the loan amount per 30-day term. For loans over $25,000, the interest and service fees are 5% of the loan amount per 30-day term.

Are there additional fees?
A: There are additional storage fees for larger (e.g. automobiles, trucks, boats, motorcycles, RV's and jet skis) that require off-site storage. These additional storage fees range from $100-$250 per 30-day term,depending upon the size of the collateral.

 

Are there any pre-qualifications?
A: No.

 

Do you check my credit score/history?
A: No. Your loan is solely based on the value of your collateral.

 

What happens if I don't repay my loan?
A: We keep your collateral, but we do not sue you personally for the loan amount or any interest and fees. The loan is "non-recourse" to you.

 

Can I use my mortgage, life insurance policy or pension/retirement plan for a loan?
A: No.

 

Can I get a loan on my fully paid Condo or can I sell you my Condo?
A: Possibly, depending upon the location and value of your property. Please contact us to discuss this option.

Can I just come in any time for a loan?
A: No. All meetings are by Appointment only.