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  • Writer's pictureGlenda Craddock

Defaulting on Pawn Loans Doesn't Impact Your Credit

Pawn loans of any loan amount never impact your credit in any way. If you are looking for a no credit check loan that will not negatively impact your credit score, you've come to the right place. Hilltop Pawn Shop & Jewelry is the best place to take out a loan on a diamond engagement ring, diamond wedding rings, various types of diamond jewelry, and much more. Our jewelry shop and pawn store offers collateral loans, so come see us if you're looking for short-term loans that will help you get instant cash.

Pawn Loans from a Local Pawn Shop Work for All Credit Scores

You've likely heard about lenders that advertise that you can take out top dollar loans with bad credit, only to find that you don't get approved because of your credit score. Even last resort lenders that charge high interest rates sometimes turn people down for bad credit, or they may look at things like employment history and how long you've had your bank account.

With a pawnshop loan, you never have to worry about getting turned down for a loan because of your credit score. Unlike with bank loan approvals, we don't check your credit. The only thing we do is look at the current market value of any fine jewelry pieces that you bring in as collateral. That's it! Because we don't even consider credit score at all, we provide an excellent alternative option for those who have had trouble with the loan process before. Plus, you get same-day payment, and we'll make you a free quote offer with no obligation. Get the biggest short term loan on your piece of jewelry by visiting us today.

2 women in a pawn store

Unable to Repay Your Pawn Loan? Your Credit is Never Affected

Are you worried that you might default on your loan? First, we recommend being careful about which items you bring in as collateral. You may want to avoid bringing a particularly sentimental item (like the diamond earrings that have been passed down through your family, or maybe your perfect engagement ring) if you aren't totally sure you'll be able to repay the loan.

This is because if you default on your loan, the only thing that happens is that your item is not returned to you. Since it's used to secure the loan, in the event that you are unable to repay your loan, it will be resold to recoup our loss on the loan.

Luckily, there are no additional penalties. Pawn shops won't hassle you over an unpaid pawn transaction, no matter how much quick cash you borrowed with a personal loan from us. We won't send you letters in the mail or call you, nor will we report to the credit bureau. Even payday loans can impact your credit if you get behind, but this is not the case when you borrow on an item of value with a pawn broker like Hilltop Pawn Shop & Jewelry.

Come to Hilltop Pawn Shop Today for Fast & Easy Pawn Loans

State law regulates pawn shops, including things like how much interest we can charge. If you're wondering which pawn shop you should go to for a cash loan contract, we recommend you bring your high-value items to Hilltop Pawn Shop & Jewelry in Virginia Beach. The amount of time it takes to get one of our loans is impressive to many of our customers, since we'll offer you a great deal in minutes. After all, the needs of the customer is what we are most concerned about with our collateral-based loans, and we know you're likely hoping to take out your typical pawn loan as quickly as possible.

All you have to do is bring your items (such as gold jewelry, power tools, or sporting goods) and your ID. Your ID should be government-issued that is unexpired and has up to date information. We'll take a few minutes to look at the value of the stuff you brought in, then let you know how much we can loan in cash today based on the item's value. We will also give you a pawn ticket that lists the type of item you brought in, the amount of money you borrowed, when your due date is, and how much you need to repay. Of course, we are also always willing to answer any questions you have. If you want to borrow money the easy way with zero impact on your credit and without the high fees and interest that some lenders charge, the average pawn shop loan is sure to be perfect for you!

Getting fast cash by borrowing money on estate jewelry and more is so easy, and you don't have to worry about your credit taking a hit because of it, either. The first thing you need to do if you're hoping to borrow the most cash in the easiest way is to gather up old jewelry or other valuable items. Then, come to your local jewelry pawn shop in Virginia Beach -- Hilltop Pawn Shop & Jewelry -- and we will offer you the best deal. You can borrow a significant amount of cash with a pawn shop collateral loan, and the client's credit score doesn't matter and is never affected. We will perform a free appraisal on your unwanted items and offer you a fair price, whether you're interested in taking out a loan or selling your item!

Pawn Loans Never Impact Credit!

Hilltop Pawn Shop & Jewelry

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