I you have never received a Collateral loan or a pawn loan before and not sure what to expect? Hilltop Pawn Shop can put your mind at ease.
The process is simple and usually takes about five minutes. You bring an item in as collateral; gold, diamonds, Designer Jewelry, electronics, tools and musical instruments are common. We will evaluate the item and make you a cash loan offer. Once we agree on a loan amount the loan will be processed. This document will have the loan number, transaction date, maturity date, and description of the item being used for collateral. It will also have all the fees associated with the loan, interest rates and Annual Percentage Rates. At the end of the 30 days you have three options.
You may repay the loan with fees and interest and reclaim your item. You may pay only the interest and fee and receive another 30 days or you may simply not return and the item will default and be sold to recoup the money lent. This does not reflect on you or your credit.
If you happen to be in the southern side of Virginia Beach please visit us at Oceana Pawn Gun Bow Bait and Tackle Shop at Dam Neck and General Booth. If you are located in Chesapeake Virginia please stop in to our sister store Greenbrier Pawn Shop next to the mall in Greenbrier or if you’re in the Deep Creek section of Chesapeake see us at Chesapeake Pawn Gun Bow Bait and Tackle Shop.