Life as a Female Pawnbroker

by | Nov 25, 2016 | Blog, Pawn Shops, Recent News, Uncategorized

BY JENNIFER WARFEL JUSZKIEWICZ Tina Cook Franks, a manager at Granger Jewelry and Pawn, remembers the day, years ago, when an elderly widower came into her store. She was working at a small mom-and-pop pawnshop at the time, and she is a skilled appraiser. The old man...

Ever Wonder How a Pawn Shop Works?

by | Jul 24, 2012 | Blog, Pawn Shops, Uncategorized

A pawn shop provides small loans to people in their community. These are usually people who need funds to make it to the next paycheck, families seeking money to pay a bill, or small business owners trying to meet payroll. The average pawn loan is around $150,...

The Money Vault

2190 Queen City Ave
Cincinnati, Ohio 454214
513-834-5928

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Ohio Lic. PB.100631.000

The Money Vault

7764 Colerain Ave
Cincinnati, Ohio 45239
513-407-3252

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Ohio Lic. PB.100631.001

Kohn’s Loan Company

126 W. High St
Lima, Ohio 45801
419-224-1796

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Ohio Lic. PB.100162.000

The following disclosures are made in accordance with Google’s Advertising Policies for personal loans and credit.

  • Loans provided by The Money Vault or Kohn’s Loans Company do not require repayment, as they are collateral loans.
  • Since all loans are collateral based, there are no specific minimum or maximum loan repayment periods, as the customer can choose to forego repayment of the loan amount at any time without penalty.
  • There is no standard requirement (per Google’s personal loan advertising policy) to repay a loan within 60 days.

Credit history at the time of application, income, debt obligations, collateral and to the extent applicable, prior loan history with The Money Vault or Kohn’s Loan Company are considered in determining eligibility and terms. There is no down payment beyond surrendered collateral and there is never a prepayment penalty. Closing a loan is contingent upon your agreement to all of the terms and conditions of the loan agreement and contract. You may return at any time (to pick up your collateral item) within the loan term to repay the loan amount with agreed upon interest. Loans are subject to credit approval and normal underwriting standards. Minimum and maximum loan amounts, rates, fees, terms and collateral requirements are subject to specific guidelines and may change without notice. Annual Percentage Rates (APRs) is disclosed at the time of loan origination and is known to the customer prior to loan agreement. All loans are made under The Money Vault or Kohn’s Loans Company of Cincinnati and Lima Ohio. Available cash amounts may vary and collateral requirements apply. All loans are made in accordance with applicable Ohio laws.

Example: Using a 42 mo. installment contract, a loan of $4,500 with an interest rate of 29.00% and an APR of 33.10% (inclusive of allowable fees), you would make 42 mo. payments of $172. 

Money Vault and Kohn’s Loan Company are subject to the Tate Law – Section 4727.06 of the Ohio Pawnbrokers Act, Section 4727.06.  Details Here