Loma Pawn Brokers is a pawn shop in Los Angeles offering collateral-based loans in exchange for personal items, jewelry, and valuables.
Data compiled from public sources · Google rating shown when a stored review count is available
Loma Pawn Brokers operates as a pawn shop located in downtown Los Angeles on West 6th Street, serving the local community with collateral-based lending services. The business is positioned within the traditional pawn industry, which has provided short-term financing solutions for over a century by accepting personal property as security for loans. Loma Pawn Brokers functions as a straightforward pawn operation, allowing customers to exchange valuables—including jewelry, electronics, and other items—for short-term cash access without requiring credit checks or income verification.
The shop maintains regular business hours Monday through Wednesday from 10AM to 6PM, providing accessible service during standard daytime operations. As a pawn shop, Loma Pawn Brokers distinguishes itself through its brick-and-mortar presence in a densely populated Los Angeles neighborhood, making it a local resource for residents needing quick access to cash. 5-star rating based on 24 Google reviews, indicating moderate customer satisfaction within the pawn shop category.
The business model is straightforward: customers bring items of value, receive a loan offer, and have the option to repay the loan plus interest to reclaim their items, or forfeit the collateral if they cannot repay. Unlike payday lenders or personal loan companies that rely on creditworthiness, pawn shops like Loma serve customers who may lack traditional credit or need immediate funds without a lengthy approval process. For consumers familiar with pawn transactions, this represents a listed, collateral-based alternative to other short-term lending options.
5-star rating suggests mixed customer experiences, which may reflect typical pawn shop dynamics including negotiation over item valuations and the risk of permanent loss of personal property.
This is state-level context for Pawn Shops consumers in Los Angeles, CA. It does not confirm that Loma Pawn Brokers 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.
Loma Pawn Brokers offers 10 services including Pawn loans against personal property and valuables, Collateral-based short-term lending, Jewelry and precious metals evaluation, Electronic device pawning and loans, Item redemption and loan repayment services, and 5 more.
Loma Pawn Brokers has profile signals associated with Customers with poor or no credit history researching short-term cash access, People seeking fast, collateral-based loans without credit verification, Residents in the downtown Los Angeles area with personal items to leverage, Individuals who already own valuable items they're willing to pledge as security.
Key strengths: Located in accessible downtown Los Angeles neighborhood at 1507 W 6th St; eligibility claim to verify—available to customers with poor or no credit history; short-term cash access without lengthy loan application process. Areas to consider: Limited operating hours—only 10AM-6PM Monday-Wednesday, no weekend or evening availability listed; 3.5-star rating suggests significant customer dissatisfaction or service inconsistency.
In the Pawn Shops category, comparable providers include East Village Buyers, H. Schoenberg, USA Checks Cashed & Payday Advance. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Loma Pawn Brokers is profile signals for Los Angeles residents with limited credit access who own valuable items and are researching short-term cash access with eligibility claims to verify or loan application process. The primary caveat is the high cost of borrowing through collateral-based pawn loans, the risk of permanent item loss if unable to repay, and the limited operating hours (10AM-6PM Monday-Wednesday only).
East Village Buyers is a pawn shop in NYC's East Village specializing in buying sneakers, gold, jewelry, diamonds, designer handbags, and electronics for cash on the spot.
Google rating from 538 reviews
Profile signals: Individuals researching short-term cash access for personal items with eligibility claims to verify, Sneaker collectors and luxury goods owners looking to liquidate items quickly
H. Schoenberg is Jersey City's oldest pawn shop (since 1895), offering collateral-based loans against gold and musical instruments with 4-month terms at low interest rates.
Google rating from 332 reviews
Profile signals: Musicians or music teachers needing short-term cash without selling instruments permanently, Gold owners who need quick liquidity for immediate bills or expenses
San Diego-based check cashing and payday advance lender offering same-day loans with eligibility claims to verify and first loan interest-free, plus ancillary financial services.
Google rating from 65 reviews
Profile signals: Unbanked consumers needing immediate check cashing services without a bank account, Borrowers seeking same-day cash advances with minimal application requirements and eligibility claim to verify
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