A collateral loan is a loan in which you provide physical goods with an estimated resale value as backing towards the money that you receive.

In the event that you are unable to pay back the loan, or the monthly interest – the collateral is used as a means to recuperate the money that was originally paid out to you.

There are absolutely no credit checks involved in our process. We also do not perform background checks, we do not ask about your estimated net worth, and we never inquire about your collateral holdings outside of the loan you are working on with us.

We offer the best appraisals on precious metals, fine jewelry, designer handbags, luxury watches, and other items with a verifiable aftermarket resell value.

Based on the amount of money you need, we provide you with a monthly interest rate sheet for collateralizing your loan. Depending on the collateral you put up for your loan, you will receive a related fixed monthly interest rate payment amount. Each month, your minimum payment will be the assigned interest rate amount.

Absolutely. We can often utilize several items to collateralize your rate sheet. As long as we can meet the required collateral expectations for your desired loan amount, we can work with you to reach your requirement.

While your loan is active, you remain the sole owner of your property the entire life of the loan.

Should you be unable to make a payment, then and only-then does the ownership of the property transfer over to Defco.

While our loan periods are up to 90 days, we can work with you to continue to extend your loan past the original period given that you continue to pay the monthly interest fee payment.

Ask your loan concierge about length when working through your application process.

In the event that you are unable to continue paying for your loan, Defco Loans will place your collateral up for sale through our wholesaler network.

To avoid this, we request you notify us as soon as you are aware that you cannot make your payments – so that our team can work with you.

Absolutely. Since our loans are collateralized, we offer the opportunity for repeat loans – given that your new loan is also collateralized based on your future needs.

You do not. We work virtually with many customers and can offer 100% virtual programs. Please note, however, that all loans processed are subject to all applicable laws and regulations of the State of Florida – specifically Broward County & Palm Beach County, FL. 

We are able to make immediate appraisals on gold items as soon as they reach our intake center. Fine jewelry is appraised within a few hours. Luxury handbags and luxury watches must go through a 24 hour authentication protocol. We authenticate hundreds of watches and handbags every month – and follow a very refined authentication process in order to appraise your item using its maximum resale value potential.