Can I renew my pawn loan?

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.


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