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  • Writer's pictureGlenda Craddock

5 Questions & Answers About a Pawn Shop Loan in Virginia Beach

A pawn shop loan is an excellent way to borrow any amount of money from $5 to $50,000. At Hilltop Pawn Shop & Jewelry, we have been in the pawn industry for a long time! We would love to make you a top dollar loan on diamond jewelry, gold jewelry, musical instruments, video game consoles & other items of value. If you're interested in taking out a new loan so you can put fast cash in your pocket, we offer the best way to do it...especially if you don't have a good credit score. Once you learn a little more about this type of short-term loan, we think you'll see that it's your best option for borrowing everything from small amounts of money to the highest dollar amount!


Two hands fanning out mutiple $100 bills

1. What is a Pawn Shop Loan, and How Does it Work?

The pawn shop loan process is easy, but it's quite unique! Unlike banks, credit unions & other lenders, we don't perform a credit check at all. Unlike with payday loans and other types of loans, we don't ask about your job or income, either. Instead, all you do is bring an item of value for us to hold as collateral for your loan. Then, we'll send you on your way with a quick cash loan based on the value of your items, as well as a pawn ticket that outlines our simple, transparent loan repayment terms. These cash loans are fast and easy to get, even with bad credit...after all, we don't even check your credit score with the credit bureaus, at all.


2. What are a Few Reasons to Take Out a Pawn Shop Loan?

You can use these collateral loans for anything you want to use them for. Maybe you're running a little short until payday and need to borrow cash for gas and groceries, or maybe you need money for unexpected home repairs, car repairs or even a vacation. How you use the money is up to you. If you're looking for a fast and easy loan with no credit check and more reasonable interest charges than payday loans and title loans, looking into a pawn shop loan is sure to be a good idea!


3. How Much Can I Borrow With a Pawn Shop Loan?

Again, how much you borrow is up to you. After all, it's based on the value of the valuable items you bring in. At Hilltop Pawn Shop & Jewelry in Virginia Beach, we make loans from $5 to $50,000!


4. Where's the Best Place to Get a Pawn Shop Loan in Virginia Beach?

There are a variety of pawnbrokers around who make pawn transactions, so you have options. If you're in Virginia Beach and want to work with a long-standing pawn shop that will give you an above average pawn shop loan experience, we invite you to come see us at Hilltop Pawn Shop & Jewelry. We've been in the business for years and make instant cash loans all the time!


5. What Collateral Should I Use for a Pawn Shop Loan?

Remember that the form of collateral that you bring in is going to heavily affect how much you can borrow. After all, your loan amount is based solely on the appraised value of the item that you bring in...not anything else, like your income or credit report. You can bring us everything from diamond rings and gold chains to Rolex watches to musical instruments and much more!


Do you have other questions about personal loans from a local pawn broker? We invite you to stop in or give us a call at 757-769-7254...we'd love to answer your questions. Ready to take out one of these short-term loans for the first time? Grab a government form of identification (such as your Virginia driver's license) and one or more valuable items, and come let us give you a loan amount offer! Have questions? Give us a call today at 757-769-7254!



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