WHAT WE DO FOR YOU
- Encourage loan repayment.
- Support return of pledges not loan settlement with pledges.
- Issue reminders for status of your loan.
- Accept anytime advance payments to reduce your total loan cost.
- Last month interest charge only to repayment date.
LOAN ISSUE PROCEDURE
- Authentication
Complimentary assessment performed.
- Valuation
Maximum loan value determined.
- Acceptance
Customer must first read and agree to loan terms.
PAWN LOAN TERMS
- Minimum 1 month loan charges
- Maximum 12 month loan term
- Interest five percent monthly (sixty percent APR)
- Cost to borrow $100 is $5 (first month interest)
- Additional fees $0.20 for pawn ticket and $0.10 per month storage
- You have up to 1 (one) year to make your payment in full including principal plus all accumulated interest and fees.
PLEDGE REDEMPTION PROCEDURE
- Original Pawn Ticket In Person
- Government-Issued Photo ID
- Total Loan Cost Interest & Charges
- Pay Total In Full Cash Only
- Pledge Returned To You
LOAN SETTLEMENT PROCEDURE
- First notice given for unpaid loans 365 days after date of issue.
- Public notice posted 15 days after first notice issued.
- Pledge becomes absolute property of Aaron Signature & Co. as full settlement of loan 15 days after public notice posted.
