Bad Credit & No Credit Check Loans
Chesapeake

Reasons to Avoid Credit Checks?

Even though these loan options are all available for people who have low credit scores, you don’t actually have to have bad credit to make use of them. People like to avoid credit checks and credit check loans for lots of reasons, including:

• If a lender does a hard credit check on your credit report, your credit score could actually go down. You can avoid a hard credit inquiry if you use third-party lenders or pawn shops that don’t run credit checks at all.

• You may not want to have your loan listed on your credit report. For example, if you are buying a house soon, you may want to avoid opening up a new line of credit that will show up on your credit report.

• It can take a while to get approved for a loan that requires a credit check, even if you have a good credit score. If you’re in a tough financial bind, you might be hoping to get the money a little faster. You don’t even have to wait until the next business day if you choose a pawn shop loan, since you can get your cash in minutes.

Why Pawn Shop Loans Are the Best Bad Credit Loans

As you saw above, there are a variety of ways to get loan funds without meeting minimum credit score requirements or without having to undergo a credit check at all. With all of these loan options, you could be wondering why a pawn shop loan is your best option for borrowing cash. You’ll probably find a pawn shop is a good option for you for all of these reasons:

• Even though payday lenders don’t have the same eligibility requirements that traditional lenders usually have, they may still pull your credit score. At the least, they may do a soft credit check. This could lead to you being turned down if your score is really low.

• Unlike payday loans, pawn shop loans are legal in all 50 states. Pawn shop loans are regulated, and pawnbrokers follow all state laws when granting these loans. You don’t have to worry about being charged more than you thought, losing your collateral if you repay your loan, or any other issues.

• You don’t have to worry about asking a family member for a loan or asking them to co-sign on a loan with you. You can avoid the embarrassment of telling others about your financial situation, the financial strain this could put on your loved ones, or the possible strain that could be put on your relationships if you default on the loan.

• You don’t have to take the time to fill out an application.

• You don’t actually have to have a job or a certain income level to get a pawn shop loan. In fact, we won’t even ask if or where you work or how much money you make.

• You can borrow as much money as you want or need. Just bring in ample collateral, and we’ll say yes. At Greenbrier Pawn, we grant loans up to $50,000.

• You don’t have to use your car as collateral. Instead, you can use items that aren’t as important, such as jewelry or electronics. Then, if you default on your loan, you don’t have to worry about losing your car. This is a common problem for people who take out title loans.

• Your credit rating will not be affected, even if you default on the loan. You will never get any collections calls, emails, or letters if you don’t repay your loan. Also, you can take out another loan at Greenbrier Pawn in the future, even if you don’t repay your first loan.

• You can use the money for anything that you want to use it for, and you don’t have to tell us the reason why you’re taking out the loan.

• The annual percentage rate for taking out one of our loans is usually cheaper than for a payday loan.

• You don’t have to have a bank account, nor do you have to worry about your loan repayments being automatically drafted from your bank, which is often the case with payday loans. This can lead to problems like an overdrafted account. You also don’t have to wait days to have the money deposited in your account. Instead, you’ll receive it in cash on the same day you take out your loan.

• You don’t have to worry about online scams. Instead, you can deal with a local business in person. This can give you peace of mind due the many scams that are out there related to online loans.

Why Choose Greenbrier Pawn for Your Bad Credit Loan?

Greenbrier Pawn is conveniently located in Chesapeake. We also have a sister store in Virginia Beach, so if that location is more convenient for you, you can stop by Hilltop Pawn.

Regardless of which store you visit, you can take advantage of our decades of experience in the industry. Because we have so much experience with appraising many items of value, we will offer you the most cash for your items. This is true whether you are selling them straight out or if you are using them to secure your loan.

We offer loans up to $50,000 and will do everything we can to make the borrowing process easy for you. Our emergency loans are quick and easy, and we’ll be transparent about the loan agreement and repayment process, too.