jumpingjackcashco
Denver, CO
Jumping Jack Cash located in Lakewood offers secured non-recourse loans,
commonly referred to as pawn loans. Pawn loans have a term of 30 to 90
days, collateralized with the customer's tangible personal property.
Pawn loans provide customers with cash in exchange for an obligation to
repay the amount advanced plus service charge fees. Service charge fees
are 120% to 240% of the advanced amount, per year (APR). Jumping Jack
Cash has a historical redemption rate of 80% of its monthly loan
portfolio. Pawn loans are written on almost any asset, including but not
limited to: diamonds, gold, jewelry, watches, electronics, tools,
musical instruments, cars, motorcycles and boats. Jumping Jack Cash is
not in the payday loan business. The additional revenue stream for the
Company is the retail sale of collateral from unredeemed pawn loans and
the retail sale of merchandise purchased directly from customers. Sales
of unredeemed collateral and inventory are completed at retail locations
and through e-commerce activities via the Jumping Jack Cash website,
eBay, Amazon, Craigslist, wholesale brokers and live auctions.