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  • Writer's pictureGlenda Craddock

5 Reasons Pawn Loans are the Best Way to Borrow Money

Pawn loans from pawn shops like Hilltop Pawn are ideal when you want to borrow money. If you've always looked into things like loans from banks and credit unions or payday loans, you could be wondering why one of our loans could be your best option. Once you learn a little more about the positives of a pawn loan, we think you'll see it's a great solution any time that you need cash. These are just some of the reasons to consider a pawn transaction next time you're interested in a cash loan.


1. Credit Score Doesn't Matter With Pawn Loans from Hilltop Pawn

There are a lot of people out there with poor credit. After all, there are lots of things that can lead to you having bad credit. Falling behind on bills during tough times, going through a divorce, and so on can heavily impact your credit history. Poor credit doesn't have to prevent you from borrowing extra cash when your financial needs require it. Instead of going through banks and lenders that check your credit, go with a local pawn store that won't check your credit at all. As your local store, we make it easy to borrow cash today on your personal property, all based on your item's value, not the past.


2. Defaulting on Pawn Loans Doesn't Impact Your Credit

As you likely know, defaulting on bank loans can have a heavy impact on your credit. If you're a little worried that you will not be able to repay your loan with a pawn broker by the due date, you might be concerned about a potential hit on your credit. Luckily, this is not a problem! If you can't repay your collateral loan by the due date listed on your pawn ticket, you can come in and pay your interest and additional fees, then get an extension. Even if you can't or don't want to do that, don't worry...we never report to the credit bureaus. You will lose the item of value that you used to secure the loan, but that's it!


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3. Want to Get Cash Fast? Pawn Loans at Hilltop Pawn Are Fast & Easy

Maybe you're hoping to get a loan as fast as possible. You might be in a pinch, and maybe you need more money right now. A pawn loan contract with us may be your best option in this scenario. Many lenders want you to fill out an application, and they may look into your employment history and so on. It takes a much shorter amount of time to get a short-term loan from us, since we don't do any of these things. In fact, you can often get a loan in just minutes by working with us. We have a lot of experience in determining the value of the stuff people bring in for our collateral-based loans, so it doesn't take us a long time to assess value and offer a typical pawn loan. If you're looking for the fast and easy way to take out a loan on pretty much any type of item of value, come see the pawnbroker with decades of experience at Hilltop Pawn Shop & Jewelry.


4. We Accept Jewelry & More for Our Virginia Beach Pawn Loans

​Because we're more of a jewelry store than anything, people often bring us diamond and gold jewelry for our Virginia Beach pawn loans. However, we accept many other items of value as collateral for our loans, too. Bring us your special item, and let us know you want to take out a loan. We'll make you an offer!


5. Cash From Pawn Loans Can Be Used for Anything You Want!

It doesn't matter why you want to borrow money. No matter what you're planning to use the cash for, you can take out a pawnshop loan. These are just some of the things you can use a quick cash personal loan from us for:

  • Paying bills

  • Handling unexpected home or car repairs

  • Taking care of doctor or vet bills

  • Paying for the holidays

  • Going on vacation


....and so much more! No matter what you're planning on borrowing money for, there is no reason to go to another financial institution. From small loan amounts to $50,000 loans, we have you covered. The average pawn shop loan is around $150, but even if you want to borrow much more, we offer the better option for you.


There's no reason to look into other borrowing options. Bring your valuable items to Hilltop Pawn Shop & Jewelry, and let us help you with a collateral loan. You don't have to have a good credit report or even a bank account! We are here and ready to work with you!



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