Pawn shop loans are state-regulated in Virginia and elsewhere around the country. This is the case whether you borrow from Greenbrier Pawn or another pawn shop in the Hampton Roads area. If you're worried about predatory lenders -- which you definitely have to worry about if you have bad credit -- then you can feel peace of mind when dealing with a reputable pawn shop here in Chesapeake. At Greenbrier Pawn, we have been in the pawn industry for a long time, and our in-store experts are here and ready to help you with a hassle-free way of borrowing money.
How State-Regulated Pawn Shop Loans Work in Chesapeake
Is it your first time looking into pawn shop loans? The process of taking out an average pawn shop loan is incredibly easy. All you have to do is bring your driver's license (or other valid, government-issued ID) and an item of value to secure your loan. You can use things like diamond jewelry, gold jewelry, firearms, power tools, Apple products, video game systems, and so on when you borrow from us. We'll make you a loan offer on the spot based on the value of your item. Then, if you accept our offer, we'll hold your item of value as collateral, and when you repay your loan based on the simple terms of your loan contract, you'll get your item back. You'll receive a pawn ticket any time that you participate in a pawn transaction, and it will have all of the information that you need about your due date and repayment amount on it. It's truly a great way to borrow money when you're in a financial situation where you need a little more cash.
Are you worried that your credit score will get in the way? We don't look for good credit scores...in fact, we don't check with the credit bureaus at all, nor do we inform them if you default on your short-term loan with us. Loans from pawn shops are truly no credit check loans! We won't ask if you have a bank account or inquire about your employment history or income before granting you a cash loan, either. All we care about is the value of your valuable items and whether or not you have a valid driver's license or government-issued ID. As you can see, it's so much easier to qualify for one of our loans than for a bank loan or credit cards. Plus, you choose your loan amount, since your loan offer is based solely on the value of the collateral that you bring in!
Pawn Shop Loans: A Better Option Than Payday Loans & Title Loans
Are you wondering why you should visit your local pawn shop instead of looking into payday loans and title loans? Well, remember that because pawn loans are state-regulated in Virginia, you can always count on a reputable pawn broker to grant you a fair and transparent loan. It's easy to fall into a cycle of repaying and taking out more loans when you try payday loans, and with car title loans, you even have to worry about losing your car if you don't repay! A pawn shop is a great place to borrow money if you want a great deal on collateral loans to help you when you need it.
Pawn Shop Loans are Regulated in Each State
Each state has its own laws and regulations in regards to these financial products. Unlike payday loans, which are illegal in many states, pawn shop loans are legal in all 50 states. This is because they are a safer and more reputable alternative to payday loans and title loans. Of course, if you have questions about state law on pawnshop loans, our knowledgeable staff will be more than happy to answer those questions and help you out.
If you're looking for reputable, reliable quick cash loans that are a great option with bad credit, come see us at Greenbrier Pawn. Our knowledgeable staff members will quickly determine the value of your collateral and offer you a loan. The first step to borrowing money the easy way is to visit us at Greenbrier Pawn, so visit your trusted local pawn store here in Chesapeake. Once you work with us, we think you'll see that you've made a good choice!