A pawn shop loan is the perfect solution if you don't have a good credit score...it's also a good option if you don't have any type of credit history at all! When you haven't yet established a credit record, it can be hard to get approved for credit cards, personal loans & assorted types of loans from credit unions, banks, or another financial institution. Luckily, it's entirely possible to borrow any loan amount from $5 to $50,000 with no credit score at all...all you have to do is visit your trusted local pawnbroker, Greenbrier Pawn in Chesapeake. We grant short-term loans on items of value, and credit score is never a factor for any of our loans. In fact, we don't even perform a credit check at all, nor do we ask for bank account information!
No Established Credit History? No Problem at Greenbrier Pawn
You don't just wake up with a credit history when you turn 18. You have to create your own credit history. This happens from things like taking out credit cards or loans from lenders that report to credit bureaus, then making your payments on time. If you haven't had anything reported to the credit bureaus yet in your life, you won't have a credit report yet. Since things fall off your credit report automatically after a certain number of years, you may also have no credit if you haven't taken anything out on credit in a long time.
Believe it or not, having no credit can seriously limit your loan options. Many lenders won't loan even small amounts of money without a credit history of some sort.
Luckily, you don't have to have credit history at all to borrow from us. All you have to do is bring in some form of collateral -- we take a variety of valuable items, such as jewelry or Rolex watches -- to secure your loan. That's how collateral loans work, after all. You'll also have to bring some form of identification...that's state law. Then, you can borrow everything from small loans to the highest dollar amount -- $5 to $50,000 -- based on the appraised value of the item you bring in. The loan process couldn't be easier for someone with no credit.
Don't Have a Bank Account? We Don't Care! Borrow Today
Some lenders that offer cash advances and payday loans for people with bad credit require you to have a bank account. You don't need a bank account to take out this type of short-term loan. We won't even ask!
No Cosigner Needed for a Pawn Shop Loan in Chesapeake
In an attempt to take out a traditional loan with no credit, you might have thought about looking into a cosigner. In some cases, it can be a good idea to have a friend or family member who has good credit co-sign with you on a loan, such as to buy a car. For some people, however, this isn't an option. Luckily, with pawn transactions, you don't need a co-signer to borrow any amount of money from $5 to $50,000. Our financial products are perfect for anyone who needs to borrow instant cash!
If you're looking for quick cash loans that you can get without an established credit history, all you have to do is visit your trusted local pawn broker here in Chesapeake, Virginia -- Greenbrier Pawn. We have years of experience and have made it easy for people with no credit or bad credit to borrow money against their valuable items for a long time. You can enjoy an above average pawn shop loan experience by visiting us for a pawn transaction. Plus, our collateral loans are never reported to the credit bureaus, so if you're unable to pay your loan based on the repayment terms on your pawn ticket, you simply forfeit your pawned item of value...you never have to worry about us getting in the way of you establishing a good credit score.
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