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  • Writer's pictureGlenda Craddock

5 Reasons to Use a Pawn Loan This Holiday Season

A pawn loan from pawn shops like Hilltop Pawn Shop & Jewelry can be incredibly helpful at various times. Maybe your car needs repairs, or maybe you're hoping to cover your rent. Any time of year, a no credit check quick cash loan from us can be helpful. If you're stressed about cash this holiday season, there's no reason to let it get you down. Instead, come to us for a personal loan. These are just some of the reasons why a pawn loan is a great option during the holiday season.

1. Use a Pawn Loan to Cover All of Your Holiday Expenses

Many people find themselves looking for financial products that can help them cover their holiday expenses. Your kids might have a long list of things they want for Christmas, and video games, musical instruments, and electronics just aren't cheap these days. Maybe you're planning on traveling home for Christmas, but you need a little extra cash for a plane ticket. No matter what you need money for this holiday season, a pawn loan will help. The average amount of a pawn shop loan is around $150, but since you choose your collateral, you choose how much you borrow. If you need to borrow more, just bring in more valuable collateral, and you can get the loan you need. The needs of the customer is always top priority to us, and we want to help you borrow the cash you need for the holiday season of a lifetime.

2. Avoid Credit Checks and Credit Impacts

If you don't have the best credit for one reason or another, you could be worried about whether you'll qualify for a loan for the holidays. If this is your concern, a pawn loan is likely to be a good idea for you. We don't check credit history, ever. We also don't report to the credit bureaus if you don't repay your loan. From small loan amounts to much bigger loans, your credit doesn't matter. You can borrow extra money no matter what your credit score is!

Decorated Christmas tree and fireplace with nautical decorations

3. Skip the Application Process When Taking Out a Loan

If you're like so many of us, one thing you might be short on during the holiday season is time. Spending a lot of time filling out an application with information about things like your employment history, your income, the financial institution that you have a bank account with and so on can be a big hassle, even if poor credit isn't an issue. Unlike the average financial institution, we don't require you to fill out an application when you need to borrow extra cash. Just bring your items of value and ID to our local store, and we'll offer you a great deal on a short-term loan.

4. Get More Time to Repay if You Need It

Are you stressed about losing your item of value due to not being able to repay your loan? Are you worried about being able to pay your loan back on time? You don't have to stress. We'll give you more time to repay your collateral loan and retrieve your high-value items if you need it. Just make sure you come in before your due date to avoid losing your valuable items. Tell us you want an extension, and just pay the current interest and fees due. Then, you can get a longer amount of time to repay. Our pawn store is here to help you with your financial needs, and we'll do everything we can to make things easier. That's probably not the type of experience you've had in the past with bank loans or payday lenders!

​5. Avoid Predatory Loans With a Pawn Loan

A lot of loans that are designed for people with a low credit score are predatory. Some companies charge outrageous interest rates...this is common in the payday loan industry, and many people find themselves caught in a costly and frustrating cycle with these loans. Your loan should help you, not hurt you! With a pawn transaction from a local pawn broker, we don't charge high interest rates or additional fees. Everything is fully in line with Virginia state law, since pawn loans are state-regulated. We're also 100% transparent with our loans. You can find your due date and how much you have to repay listed on your pawn ticket. Plus, if you have any questions, don't hesitate to ask us! We want you to feel 100% at ease when taking out a loan from us.

As you can see, pawn loans are quite useful during the holiday season. Are you interested in a pawnshop loan to help you cover Christmas expenses? We've got you covered! There's no reason to struggle through the holiday season or to bother with predatory payday loans. Do you have questions about how our collateral-based loans work? Feel free to call us, and we'll explain the typical pawn loan with you and answer your questions. Our staff are here to help you borrow cash today!

$100 bills

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