How does a SmartCash Loan work? 

 

People often need to borrow small amounts of money that other lenders are not willing to provide. Best Collateral lends money on items of value ranging from gold and diamond jewelry to musical instruments. Typically, loans are small, averaging between $100 and $1000. They can be high as several thousand dollars, depending on the value of the collateral. The contracted loan period is 30 days in Florida, with a 30 day grace period, and can be renewed or redeemed at any time. All fees are regulated by the state.

 01  How does a Smart Cash Loan work?

Quick and easy way to borrow money without a credit check or hassle. Loans are based on the value of your collateral, not your credit rating or pay schedule. Loan have a term length of 30 days/one month, plus a 30-day/one month grace period. If you cannot pay back your Loan in full, including any applicable grace period, we offer extensions/renewals (where permitted by state law) to give you extra time. You may also choose to surrender your collateral as payment in full.

 

 

 

 02  What is an extension?

If you are unable to pay back your loan in full on its due date, you may be able to get an extension on your loan, if permitted by state law. With an extension, you will be required to pay a portion of the interest owed, then you may extend the length of your loan for 30 days

 

 

 

 03  How do you determine the price of gold?

The price of gold is based on market values, the price for which is routinely reviewed and updated. Prices can vary greatly as the loan amount for 24K gold is significantly higher than that of 14K gold.

 

 

 

 04  Do I need identification?

The state requires us to use only a state issued drivers license or state photo ID card as identification each time a customer sells or pledged an item. We also accept US and International Passports and Matrícula Consular id cards. 

 

 

 

 05  Can a SmartCash sell my Pledged item?

The title and ownership of an item remains with the borrower until the loan defaults. A SmartCash is not able to sell a item until the borrower fails to redeem or renew a loan at the end of the contracted period.

SMART CASH LENDER AGENCY

WE PAY CASH FOR JEWELRY AND VALUABLES