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Collateral makes it possible to get large loans, and it makes it easier to get approved if you're having difficulty getting a loan.When you pledge collateral, the lender takes less risk, which means you've got a better chance of getting a loan at a good rate. In lending agreements, collateral is a borrower's specific property such as a luxury watch, jewelry, gold, silver, designer bag, or collectible that acts as a secondary method of repayment if the borrower is unable to simply pay the secured loan in full. We will consider any item of value you may have as collateral for a short term secured loan provided the luxury item can be either shipped by Federal Express or hand delivered to our secure facility. One advantage of our online pawn services is that we accept items as pawn shop collateral that traditional banks and lending institutions do not make loans against.