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Dave Tipp Jewelry & Loan is a pawn shop in Downtown Los Angeles offering collateral-based loans against jewelry, gold, and other valuables with quick funding.
Data compiled from public sources
Dave Tipp Jewelry & Loan operates as part of LA Pawn Shops, a network of four pawn shop locations across Los Angeles County. The Downtown Los Angeles location at 561 S Broadway has been serving the community as a traditional pawn operation. As a pawn shop, Dave Tipp Jewelry & Loan provides collateral-based lending where customers can receive cash loans by pledging personal items—primarily jewelry and gold—as security.
This model differs from unsecured personal loans, as the lender retains the pledged item until the loan is repaid with interest. The company is regulated under California law, as evidenced by their disclosure of California Notice of Charges CFC 21003, indicating compliance with state pawn shop regulations. Dave Tipp operates within a larger corporate structure that also includes Covina Jewelry & Loan, Sunset Jewelry & Loan, and Tucker's Pawn Shop, suggesting operational consistency and established business practices across multiple locations.
The website provides location information and a central phone line (213-892-8188) for customer inquiries, though specific details about loan terms, interest rates, redemption periods, and fees are not disclosed on the publicly available pages. The simplicity of the online presence suggests this is a traditional brick-and-mortar pawn operation without extensive digital marketing or online loan application capabilities. Like all pawn shops, Dave Tipp operates on the principle of immediate liquidity for customers in exchange for surrendering ownership rights to collateral if loans are not repaid within the statutory redemption period—typically 120 days in California.
This is state-level context for Pawn Shops consumers in Los Angeles, CA. It does not confirm that Dave Tipp Jewelry & Loan or this specific location is licensed.
State regulator
California Department of Financial Protection and Innovation (DFPI)
Consumer protection
Short-term lending status: Legal
General rate context: 10% for personal/consumer loans (Article XV, CA Constitution); payday loans capped at $15 per $100
California regulates payday loans at a maximum of $300 with a $45 fee cap. The DFPI oversees all consumer lending and enforces the California Consumer Financial Protection Law. Consumers have strong rights under the state's comprehensive lending regulations, including the ability to file complaints online with the DFPI.
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Dave Tipp Jewelry & Loan offers 8 services including Collateral-based loans secured by jewelry, Collateral-based loans secured by gold and precious metals, Cash advances against personal valuables, Item appraisal and valuation services, Loan redemption and repayment services, and 3 more.
Dave Tipp Jewelry & Loan has profile signals associated with Customers who own jewelry or gold and are researching short-term cash access with eligibility claims to verify or lengthy approval processes, Short-term borrowers who can repay within 120 days and prefer not to sell valuable items outright, Individuals with poor credit history who may not meet traditional personal-loan criteria or bank financing, People in LA County seeking convenient local access to collateral-based lending.
Key strengths: Multiple convenient LA County locations including Downtown Los Angeles, Covina, West Covina, and East Los Angeles; short-term cash access funding available (typical for pawn shops, eligibility claim to verify); Regulated pawn shop compliant with California pawn law and CFC 21003 disclosure requirements. Areas to consider: No specific loan terms, interest rates, or fees disclosed on website—customers must visit in person or call for pricing; Limited online functionality; location pages return 404 errors, suggesting outdated or incomplete website.
In the Pawn Shops category, comparable providers include 1st Pacific Pawn, 5 Point Jewelry & Loan. Pawn Shop, Atlas Loan & Jewelry Co. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Dave Tipp Jewelry & Loan is profile signals for customers who own jewelry or gold and are researching short-term cash access without credit approval, though borrowers should understand that unpaid loans result in permanent loss of collateral after California's 120-day redemption period. The main caveat is that specific loan terms and interest rates are not publicly disclosed online, requiring customers to visit in person or call for pricing before committing to a loan.
1st Pacific Pawn offers collateral-based loans and cash for items of value in San Pedro, CA. Borrowers receive loans up to 7 months with no monthly payments or early repayment penalties.
Profile signals: People researching short-term cash access who own valuable items (jewelry, electronics, instruments), Borrowers without credit history or poor credit seeking collateral-based loans
Torrance, CA pawn shop offering collateral loans and purchases on gold, jewelry, luxury watches, designer handbags, electronics, and collectibles.
Profile signals: Torrance-area residents researching short-term cash access collateral loans with eligibility claims to verify, Sellers of gold, jewelry, or luxury goods seeking competitive purchase offers
Bellflower, CA pawn shop founded in 1961 offering collateral-based loans from $10–$100,000, eligibility claim to verify. Buys and sells jewelry, electronics, tools, coins, and musical instruments.
Profile signals: Local residents in Bellflower, Long Beach, Downey, or Lakewood researching short-term cash access with eligibility claims to verify, Individuals who may not meet traditional loan criteria due to poor or no credit history
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