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  • Writer's pictureGlenda Craddock

Can I Get a Pawn Loan With Bad Credit?

A pawn loan is the best way to get extra cash without a credit check. As you likely already know, to get a credit card or an average loan, your credit score matters. With many financial products, you will get turned down completely if you have poor credit. Even if you do get approved, you might have to deal with very expensive interest charges in order to take out a cash loan. This doesn't have to be the case! Use your valuable items to take out a collateral loan from pawn shops like Hilltop Pawn & Jewelry, and your credit score simply doesn't matter. It's the perfect way to take out a personal loan when you have less than perfect credit, or if you have other issues, such as a short employment history or the lack of a bank account.

Gold jewelry and cash

Hilltop Pawn Shop Does Not Check Credit Scores

The great thing about pawn loans is that you simply do not have to worry about your credit being checked, period. Some lenders claim to work with people who have bad credit, then they run a credit check and turn those same customers down. If that's what you're worried about in regards to a pawnshop loan, you don't have to be. When we say we don't care about your credit history, that's what we mean. We don't even check it!

Your Credit is Never Affected By a Pawn Loan

Not only do you not have to worry about your credit score preventing you from taking out a loan on an item of value from your local pawn broker, but you also don't have to worry about your pawn transaction affecting your credit in other ways, either.

For example, are you worried about a hard pull on your credit report? When a lender pulls your credit, the inquiry can actually ding your credit score. The impact isn't usually too serious, but if you're in the process of rebuilding your credit -- or if you're hoping to qualify for a big and important loan sometime soon, such as if you're buying a car or house -- then you could be worried about the impact. You don't have to worry about an inquiry being added to your credit report, since we don't check credit.

Are you worried about the debt being added to your credit report? If you're making a big move -- like taking out a mortgage -- then adding debt to your credit report can affect things like your debt to income ratio. Since we don't report our loans to the credit bureaus, you don't have to worry about this, either.

Lastly, if you've ever had your credit affected by a past due or defaulted loan, you likely know it can have a big impact. If you're worried that your credit will be affected if you can't repay your pawn loan by the due date on your pawn ticket, don't be. You can get an extension on one of our collateral-based loans if you need extra time to pay, but even if you default on your loan, we will not report to the credit bureaus. With your typical pawn loan, you never have to worry about your credit being affected in any way whatsoever, whether you're looking for an easy way to borrow small loan amounts or a much bigger amount of money.

Are you looking for a financial institution that will lend to you, despite your poor credit? Are you worried about your credit report being affected by a loan from one of the local banks or credit unions? Are you worried about predatory payday loans? Taking out a pawn loan from a local pawn store is likely a good idea for you when you need quick cash today. Come see us at Hilltop Pawn Shop & Jewelry, and we'll help you get the loan that suits your financial needs. You can always get a great deal and a great experience when you work with us. We offer the better option for borrowing money with an average pawn shop loan on your gold jewelry, sporting goods, musical instruments, or other items of value.

Get a Pawn Loan from $5 to $50,000 at Hilltop Pawn Shop & Jewelry!

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