A collateral loan is secured by using your luxury goods, fine jewelry items, or precious metals as collateral against your loan without need for any credit check. Our collateral loan process is simple and hassle-free, and we don’t consider any loan to be too small or too big!
The Collateral Loan Process:
- Contact us at (714) 731-9600, or come into our Tustin location at: 17480 E 17th St, Ste 105, Tustin, CA 92780.
- We evaluate your item(s) that you are bringing in, typically offering you a percentage of the price that we would purchase your items for, based on a variety of factors.
- We then issue you a four-month loan with a ten-day grace period, per state regulations.
- Interest is also state-regulated and is based on the amount of your loan.
- We provide you with your loan information paperwork once the loan is finalized.
- Your item is held as collateral until you repay your loan in good standing while it’s active.
- If you wish to extend the time period for your loan repayment, you are always welcome to do so by paying at least the accrued interest amount of your loan.
Our Easy Process
Bring items to us
Get free evaluation
Walk out with cash, same-day!
Should I get a collateral loan or sell my item?
At Watch and Wares, you have the option of either requesting a collateral loan on your item(s) or selling those items for cash. Collateral loans offer you the chance to reclaim your item at a future date, typically with the loan value being a percentage of the price we would purchase your items for. Selling, on the other hand, provides you with a potentially larger cash amount but little possibility of item reclamation in the future (a potential factor for sentimental items). Whether you decide to go the route of loan or sale is an intensely personal decision which wholly depends on your individual circumstances on a case-by-case basis. We will gladly help you with either, or both, processes!
When dealing with collateral loans, you also have some measure of security in regard to your own credit. Since you’ve provided us a collateral item to secure the loan, which does not therefore require a credit check, failing to repay your loan can never affect your credit.
We provide collateral loans for all types of jewelry, luxury watches, and precious metals, as well as diamonds, coins, fine art, luxury/couture designer goods, and other valuable items. As a certified cash buyer and licensed broker, we are able to provide easy, secure, and confidential loans using your item as collateral. There are no credit checks or income verifications. We can appraise your item(s) in-store without an appointment, and we consistently offer higher values than our competitors. Our loan process is simple and hassle-free; all of your personal information is kept completely confidential and secure.