Do You Get More if You Sell or Pawn at a Pawn Shop Near Me?

When you deal with a pawn shop near me, such as Hilltop Pawn in Virginia Beach, you have two different options for getting cash quickly -- selling unwanted items, or taking out pawn loans against your valuables. Either option can be a great way to get money when you need it. If you're wondering which way you will get more money, don't worry -- it's the same either way. The real thing you need to consider is whether you're interested in getting your items back and whether you are able to repay the loan. If you have questions about how pawning and selling work at Hilltop Pawn or what the difference is, you can give us a call at 757-769-7254, or stop in today and chat with our friendly staff...we are looking forward to helping you put cash in your pocket when you need it the most!

What Does Pawning Mean at a Pawn Shop Near Me?

If you aren't really familiar with pawn shops, you may not know what "pawning" means. "Pawning" refers to taking out a pawn loan, which is something that pawn shops are known for. Basically, with one of these loans, you bring in an item of value as collateral, and the pawnbroker makes you a cash loan based on that value. Because your loan is secured, you don't have to prove you are credit worthy, nor do you have to worry about things like income verifications or employment checks. It's a great way to borrow money, especially if you are generally considered a high-risk borrower and therefore regularly struggle with getting approved for loans.

Should I Sell or Pawn to a Pawn Shop When I Need Cash?

A lot of people find themselves wondering if they would be better off selling their item or pawning it. Of course, this depends on you. It really depends on two things -- first, do you want to give up the item forever, or do you want to have a chance to get it back (which you will when you repay the loan, if you choose to take the pawning route)? Second, will you be able to repay the money (plus interest and fees), or are you just looking for a way to get some cash that you don't have to worry about paying back? Once you consider these two questions, it should be pretty easy for you to make a decision.

Another option is to just go ahead and pawn your items if you aren't sure. After all, nothing happens if you don't repay the loan -- you'll just lose the item. By pawning, you'll get yourself some time to figure out whether you want to get your item back and whether you'll be able to get the money together.

Whether you're planning to sell or pawn, you'll get the best deal and have the best experience if you choose Hilltop Pawn or our sister store, Greenbrier Pawn, which is located in Chesapeake. Stop by either location, and we'll help you put some money in your pocket.

Hilltop Pawn | Virginia Beach