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  • Writer's pictureGlenda Craddock

What's the Best Place to Get Collateral Loans in Chesapeake?

Collateral loans are a good choice for borrowing money in a wide variety of situations. These secured personal loans are ideal for people with a less-than-stellar credit history, those who don't have long-term employment or a high income, or those who are simply looking for a loan type that will allow them to borrow money quickly and easily, without a formal application process or any unnecessary hassles. From small loans to much higher loan amounts, Greenbrier Pawn is the lender that will help you with your financial goals. Why deal with online dealers that you know nothing about -- and that might charge you higher interest rates and fees on their financial products -- when you can work with a trusted local lender instead? If you're wondering, "Where's the best place to get collateral loans in Chesapeake?," we think you'll find that Greenbrier Pawn is a good option!


Where Can You Get Collateral Loans in Hampton Roads?

So, now that you've decided that a collateral loan is right for your current financial situation, you could be wondering about the best place to go for this type of loan agreement. A pawn shop is a fantastic place to take out a collateral loan. Basically, pawn shops never look at your credit profile, income, job, whether or not you have maxed out or defaulted credit cards, whether or not you have a bank account, or anything similar. Bad credit doesn't matter at pawn shops, and you can typically use all different types of collateral for these loans. The annual percentage rate and fees are regulated by your state of residence/the state you take out the loan, including in Virginia, so you don't have to worry about paying the overly high interest rates that are charged on many bad credit unsecured loans, online title loans, payday loans, and so on.


You might already know that pawn shops are a great place to visit for a variety of great deals. Maybe you have visited Greenbrier Pawn to buy nice jewelry for half the price of the jewelry stores in the mall...buying pre-owned fine jewelry from us might be one of the best financial decisions you'll make, especially if you're someone who likes to buy a lot of jewelry. You can also come to us if you want to sell your jewelry for a great price (instead of taking out a pawn loan), if you'd like to trade in your jewelry for a piece that you like a little better, or even if you want to have jewelry repair done!


Gold, amethyst, and diamond necklace

Why Greenbrier Pawn is the Best Place for Pawn Loans in Chesapeake

So, you might know that pawn shops are great for collateral loans, after all, with pawn shop loans, you can enjoy these benefits:

  • No checking your credit report

  • No reporting to credit bureaus, even if you default

  • No loan application process

  • On-the-spot cash from a local business (vs. online lenders)

  • The option to choose your loan amount, based on the value of the collateral (valuable asset) you bring in

  • Minimal personal information has to be shared when you apply

Since pawn loans are state-regulated, you might assume they are all the same. Visit one Chesapeake pawn shop, it's the same as another, right? Well, in some ways yes...but overall, not really.


Some pawn shops have been in the business for longer than others. Some have built a stronger reputation as a reputable lender than others. Some accept more types of collateral than others, and some value things like jewelry and gold at higher rates. Some have knowledgeable and helpful staff who will take more time discussing things like the type of collateral you can bring in, how collateral works, what the loan terms, are, etc. If you're looking for a pawn lender you can count on, visit Greenbrier Pawn today. We've had a great reputation in the community since the 1990s!


Visit a Pawn Shop for a Collateral Loan vs. Other Loans

Of course, pawn shops aren't the only businesses and financial institutions that will loan you money with a low credit score. In addition to our short-term loans, you do have other options that you might be looking at, such as:

  • Auto title loan options

  • Car title loans

  • Chesapeake title loans

  • Cash advance loan

  • Payday lenders

  • Cash advances

  • Title loan lenders

  • Vehicle title loans


A pawn shop loan is typically a faster and easier loan process than any of these loans. We offer a quick cash loan in no time. Plus, even though some of the above-listed loan options will give you a loan approval with less-than-great credit, many of them aren't true no credit check loans. Things like credit and income are often still looked at before a final approval. We don't look at things like bad credit score at all, nor do we ask for a bunch of information or required documents when you need to borrow extra money the easy way....we just need your government-issued ID. Whether you have a bad credit history or not, we offer the best deal and loan as much money as you need, so you can enjoy peace of mind dealing with us!


If you're interested in pawn shop loans, we think you'll find that a collateral loan from Greenbrier Pawn suits your financial needs perfectly. You can typically borrow a larger loan amount than you would be able to with an unsecured personal loan from the average financial institution, particularly if you have poor credit or less-than-perfect credit. Plus, we make the entire process of borrowing money from us as easy as we can. Our loan options are often a better choice for everyday folks than the types of loans available from traditional banks and credit unions, and our knowledgeable staff will do their best to assist you each step of the way. Visit our inviting storefront, and find out why so many Chesapeake residents come to us time and time again to borrow money!



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