CardPawn's standard loan term is 90 days. But the sports card market is unpredictable, life circumstances change, and sometimes 90 days isn't enough. Our renewal and extension system ensures you never feel forced to repay on a timeline that doesn't work for you — as long as you communicate with us proactively.
How the Standard 90-Day Term Works
When your loan is originated:
- You receive your cash advance
- A 90-day clock begins
- Monthly holding fees accrue on the outstanding principal (your rate tier applies)
- At any point during the 90 days, you can repay in full and reclaim your cards within 24 hours
- If you have not repaid by day 90, you enter the renewal window
The 30-Day Extension Option
At the end of your 90-day term — or at any point before — you can request a 30-day extension. This adds one additional month to your loan term.
- Cost: Standard monthly holding fee on the outstanding balance for the extension period
- No extension fee: We do not charge a separate extension or renewal processing fee
- How to request: Contact us by email at loans@cardpawn.ca or call 1-800-555-0123 before your 90-day term expires
- Frequency: Extensions can be chained — there is no maximum term, provided monthly fees are paid
Partial Repayments
You can make partial repayments toward your principal at any time. This reduces your outstanding balance and therefore your monthly fee for subsequent periods. Important notes:
- Partial payments are applied first to accrued fees, then to principal
- The cards are not released until the full outstanding balance (principal + all accrued fees) is repaid
- Making regular partial payments can extend your loan indefinitely at very low cost if your balance shrinks toward zero
| Scenario | Monthly Fee | Result |
|---|---|---|
| $10,000 loan, 3.5%/month, 90-day term + 1 extension | $350/month × 4 months | Total fees: $1,400 to reclaim cards |
| $10,000 loan, partial repay $5,000 at month 2 | $350 (mo 1), $350 (mo 2), $175 (mo 3) | Total fees: $875 + remaining $5,000 principal |
| $50,000 loan, 2.4%/month, 6 months | $1,200/month | Total fees: $7,200 |
What Happens If You Can't Pay?
CardPawn always contacts borrowers proactively before a loan matures. We will:
- Send reminder emails at 30 days, 14 days, and 7 days before maturity
- Call or text at 7 days if email hasn't been acknowledged
- Offer an automatic extension or payment plan discussion
- Only proceed with default processing if we cannot reach agreement after multiple contact attempts
In the event of default, you owe nothing further — CardPawn takes ownership of the cards as full settlement of the debt. No personal liability, no credit reporting, no collections activity. This is the fundamental protection of a non-recourse pawn loan structure. See our non-recourse loan guide for more details.
Best Practice: Communicate Early
If you anticipate difficulty repaying at the 90-day mark, contact us at day 60 — not day 89. Early communication gives us maximum flexibility to work with you on a payment plan, extension, or top-up arrangement. We genuinely want your cards back in your hands.
Loan Top-Ups: Extra Cash Without Repaying
If your card has appreciated at least 15% since loan origination, you may be eligible for a Loan Top-Up — additional cash drawn against the increased equity. The original loan continues; you simply receive extra funds. Available once per 90-day period. See our detailed top-up guide.