If you are wondering, how does a pawn shop work, you aren't alone. As long-standing pawnbrokers here in Chesapeake, we've gotten many questions from customers over the years about how our loans work, how to sell jewelry to us, and so on. We are here to answer some of your questions. Hopefully, you can find answers to your questions right here on our website, but we are more than happy to chat with you, too. Stop by our conveniently located Chesapeake pawn and jewelry store, or give us a call at 757-382-9066 today!
How Does a Pawn Shop Loan Work?
Maybe you're interested in pawn shops because you heard that you can get a fast and easy cash loan from a pawn store. If it sounds too good to be true, don't worry -- it really is an option for borrowing cash, even if you have a low credit score or haven't had your job for very long. In fact, we don't even check things like that!
Here's how it works -- first, you'll need to choose a form of collateral to secure your loan. We make loans against various items of value, including jewelry, diamonds, gold, silver, firearms, musical instruments, and more. You can bring in one item or several, but choose carefully. It's important to choose what you'll use as collateral for a couple of reasons. For one thing, you'll need to choose items that you can do without until you're able to repay your loan, since we'll hold on to your collateral until your loan has been repaid. For another, the amount of your loan is based on the value of your collateral, so bringing in more valuable collateral is the best way to take out a bigger loan.
Once you have chosen your collateral, grab it and your ID, and visit our pawn and jewelry store here in Chesapeake. Let one of our friendly staff know you're interested in taking out a loan, and give us a few minutes to assess the value of your collateral. We will then make you a loan offer.
Decide you're interested in taking us up on our loan? Give us just a few minutes to take down some information from your ID, and we'll hand you your loan funds. You'll be given a pawn ticket with all of the key information about your loan, including the repayment amount and due date. Keep this, and return to repay your loan before your due date...that's when you can pick up your collateral.
Wondering if we're missing a few steps? Nope! You never have to worry about a long application process, income verification, or credit check. Our loans are truly that easy to get, no matter your situation.
Get a Pawn Shop Loan in Chesapeake Today
If you're ready to take out a pawn shop loan, you don't have to keep waiting. Just visit our Chesapeake pawn and jewelry store, and we'll take care of you!
Looking for pawn shop loans in Virginia Beach? Visit our sister store, Hilltop Pawn. We are more than happy to help you at either store!
Comments