Uncle Dan’s Makes Pawn Loans Easy
At some point, almost everyone has felt a money crunch. Wouldn’t it be nice to have a rich relative or friend help out in times like these? Well, now you do! When you need cash fast, Uncle Dan’s makes pawn loans easy!
Who Can Help When You’re in a Jam?
Uncle Dan Can!
Pawn loans are collateral loans backed by personal items of value. It’s an easy way to get the cash you need fast! The most common items used for loans are gold and diamond jewelry, designer handbags, watches, electronics, musical instruments, tools, firearms, and industrial equipment. Just look around your house! You probably have several items in a drawer, a jewelry box, or in the garage.
No Credit Checks or Loan Applications
Getting a pawn loan is an easy, straightforward process. There are no credit checks or loan applications. Your loan amount is based on the valuables, not your credit score! Bring your items to one of our nine locations for a loan quote. A friendly Sales and Loan Associate will make sure you understand the terms and help you get all the cash you need. And, right now, new and returning loan customers* qualify for a one-time, 14-Day Interest-free loan up to $500! Read more about 14-Day Interest-Free Loans.
Pawn Loan Terms and Interest Rates
Uncle Dan’s Pawn is a licensed collateral lender. We do not offer signature loans, car title loans, or payday loans. In Texas, the Office of the Consumer Credit Commissioner sets pawn interest rates, regulates, and audits pawnbrokers. Like banks and other financial institutions, we follow federal laws such as the Truth in Lending Act and the Equal Credit Opportunity Act.
Pawn loan terms are 30-days, with a 30-day grace period. The interest rate varies based on the amount of money you borrow. Even though pawn loan interest rates are quoted under the standard annual percentage rate (APR) measurement, pawn loans are short-term, not 12-months, so the rates are not directly comparable. The pawn business is different than other lenders. If you cannot repay or decide not to repay your pawn loan, we will sell your collateral to settle the debt. Pawn loan interest rates must consider the risk and business costs of storing and reselling collateral in our retail stores.
Safe and Secure
When you get a loan at Uncle Dan’s, we carefully document and photograph your valuables. They are wrapped for protection and stored in our storage area or vault. When your loan balance is paid, your items are returned to you in their original condition. You may come in at any time during the loan period to pay the loan balance and pick up your merchandise without penalty. This allows you to keep ownership of your valuables and leaves you with an asset to use as collateral again in the future should you need it! Whether you need $100 or $15,000, Uncle Dan’s can get you the cash you need!
For loans over $5,000, call the Manager at the store near you or contact us directly through the Contact Us form on our website. We can arrange for you to speak privately with our General Manager or Fine Jewelry Specialist.
If you cannot repay your loan by the due date, you may request a loan renewal. With a loan renewal, you pay the interest that has accrued on your loan. Then, you receive a new pawn ticket with a new due date. For larger loans, in some cases, you may be asked to pay down your principal. Also, you may elect to pay down your principal and lower your loan balance at renewal. If you cannot repay your loan, you may surrender your collateral at any time without penalty.
We live in a mobile society! Sometimes it is not convenient to come to the store to pay when your loan is due. For this reason, we offer loan extensions through our free app, MobilePawn! Loan extensions are different than loan renewals and can only be made through the app. A loan extension extends your due date to a future date and buys you more time to pay. You can extend your due date from 15 – 60 days, up to a maximum of 120 days. It’s important to know that you are paying forward, not in arrears. You will still owe the interest that accrued on your loan before your extension. Read more about the features and benefits of MobilePawn.
Locally Owned with Over 30 Years Experience
From humble beginnings in 1987, Uncle Dan’s Pawn has grown to one of the largest independent pawnbrokers in North Texas. With nine pawnshops and a retail outlet store, we are proud to live and work in the communities we serve. It’s neighbors helping neighbors.
We loan money responsibly. The majority of our customers, over 80%, repay their loans and pick up their valuables to use again if the need arises. Call or come by one of our nine locations today! Whether you need a loan or a great deal on name-brand merchandise, we invite you to come in and get acquainted.
To find out more about pawn loans:
Texas Office of Consumer Credit Commissioner
Interest Rate Chart for Pawn Loans, Office of the Consumer Credit Commissioner