If you are unable to pay back your pawn loan in full on its due date, you can renew your loan. With a renewal, you pay the interest that has accrued on your pawn loan in full, and a new pawn loan is written. You may also pay down your principal with no pre-payment penalty. Your interest rate stays the same on your loan. The loan is simply extended for another 30 days.
Still have questions? Contact us at 1 855 402 PAWN (7296)