How Coco Pawn Shop Works

Simple, secure, and flexible pawn service

1. 1. What you can use as collateral

   You may request a loan using approved collateral such as designer watches, designer bags, designer jewelry, designer accessories, gold items, cryptocurrency, Pokémon collectibles, and food trucks.

2. 2. Visit us or ship your item

   You may visit our store in person, or you may ship your item to us for evaluation. After we receive and review the item, we will provide a loan offer based on the evaluated value.

3. 3. Accept the loan offer

   If you accept the loan offer and terms, Coco Pawn Shop will fund the approved loan amount to your bank account, cash, or another approved payment method.

4. 4. Repayment options

   You may make payments online. You do not have to repay the full balance at once. Partial principal payments are allowed.

   If you repay part of the principal, your interest will be reduced accordingly.

   For example, if you borrow $10,000 and repay $5,000 early, future interest will only be calculated on the remaining $5,000 balance.

5. 5. Minimum loan term and prepaid interest

   The minimum loan term is 2 months.

   The first 2 months of interest are prepaid at the beginning of the loan.

   You may repay early, but prepaid interest is not refundable.

6. 6. Monthly extensions

   After the initial 2-month term, you may extend the loan one month at a time.

   To extend, you only need to pay one additional month of interest.

   There are no extra fees or penalties for extension.

   Since the initial interest is prepaid, you only pay one month of interest for each extension period.

7. 7. Getting your collateral back

   After the loan is fully paid, you may pick up your collateral at the store or request return shipping to an approved address.

   Shipping costs and verification may apply.

8. 8. Need help or ready to start

   If you have any questions or would like to start a loan, please call us, send a message through this platform, or visit our store.