Pawn shops offer asset-backed lending at predatory interest rates - as with APRs as high as 300% in some states. These loans, even if paid back on time, don't help Americans build credit and often keep them out of the traditional financial system.
Pesto offers an affordable and accessible alternative to pawn loans. Users can get an instant appraisal of their valuables, drop off their item at any UPS location, and once approved, receive the secured Pesto Mastercard.
