Loans
From Wikipedia, the free encyclopedia.
A pawnbroker is an individual or business (pawnshop or pawn shop) that offers secured loans to people, with items of personal property used as collateral. The word pawn is derived from the Latin pignus, for pledge, and the items having been pawned to the broker are themselves called pledges or pawns, or simply the collateral.
How it Works
Bill’s Buy and Sell provides collateral loans, which simply means that an item of value is pledged in exchange for a loan. We accept a wide range of items to be used as collateral– from fine jewelery and electronics to musical equipment and instruments.
Simply bring in your items for inspection and let us know the monetary figure you would like to borrow. There’s no red tape, credit checks, time delays or complicated paperwork. Once a loan amount has been agreed upon, a loan ticket is processed for your records and the loan amount is paid out to you immediately. We securely store your items until the loan is renewed or the goods redeemed. Your goods are held for a limited time.
Terms & Conditions
- Loan may be renewed by payment of interest & applicable service charges on or before the scheduled date of the loan.
- Loan is redeemed by payment of principle, plus interest & applicable service charges on or before the scheduled date of the loan.
- Other applicable charges may apply
- Cash or Debit are the only forms of payment accepted
- Government ID required, other than Health Card
- Must be 18 years of age or older.
- A loan or loan ticket is not transferable to other persons.
- It is the responsibility of the client to notify Bill's Buy and Sell of a change of address or lost ticket.
- Not responsible for loss or damage
- It is the responsibility of the client to repay the loan plus applicable charges on or before the scheduled date of the loan.
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