What is a Pawn Loan and why is it a good option for me? Pawn loans are gaining in popularity over the last several years in large part to the increased exposure of TV pawn reality shows.  It has brought more attention and with it curiosity about pawn loans and collateral loans.  A pawn loan is a non-recourse loan that is based entirely on collateral.  Typically there are no credit checks, employment verifications, or review of past defaults.  The transactions won’t affect a borrower’s credit and there is no chance of being sent to collections if the borrower chooses to
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