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Getting a Pawn Loan on a Gun? These Are the Top Things You Should Know

Pawn shop loans are incredibly popular for a reason. You can use a variety of items as collateral, from a piece of jewelry to a firearm and beyond. Your credit history doesn't matter, since a pawnbroker will not even check your credit record. It's truly one of the best loan options out there, not only for people with bad credit, but even for those with good credit scores, too. If you're thinking about getting a pawn loan on a gun sometime soon, you probably want to walk into the process knowing a little something about it. These are some of the top things you should know about taking out a pawnshop loan on a gun in Chesapeake and Hampton Roads.

Long gun on a glass counter in a gun store

There's No Credit Check for a Pawn Loan

With many short-term loans, you do have to worry about your credit score preventing you from borrowing quick cash. Because your personal loan from a pawn shop is secured by an item of value (in this case, your firearm), you don't have to worry about this. With our collateral loans, we never check with the credit bureaus. We don't even ask about your financial situation, such as whether or not you're employed, how much your income is, or whether or not you have a bank account. You can borrow the highest dollar amount -- and have the cash counted out into the palm of your hand on the spot -- without worrying about any of these things if you take out a loan on pre-owned items (such as guns) from a pawn store like ours. It's way more than just a last resort...whether you're borrowing small amounts of money or taking out a much bigger loan, this is likely to be the best loan option for your financial needs!

Chesapeake Pawn & Gun is the Best Place to Get a Pawn Loan on a Gun

Firearms make some of the best collateral for pawn loans, since they're often quite valuable. Of course, taking your gun to the right pawn shop does help a lot. Some pawn shops focus on a wide range of items, and there is certainly nothing wrong with that. However, at Chesapeake Pawn & Gun, guns are our focus. In fact, most people consider us to be more of a gun store than a pawn shop, which is a pretty accurate assessment. If you're hoping to take out a pawn loan on a gun, visit the pawn and gun store that knows guns -- Chesapeake Pawn and Gun!

Your Loan Amount is Based on the Value of Your Gun

With collateral-based loans like ours, the estimate of the loan amount you can take out is based on the value of the personal items that you bring in as collateral. No more, no less. This is one reason why firearms are such a good option...they're often quite valuable. Of course, this depends on the specific gun you have, whether or not it's in good condition, and so on. You don't have to wait long to find out how much you can borrow with a new loan from us. It's a good idea to stop in with your firearm to get your loan offer in person, which we'll base off the resale of your firearm. If you accept our offer, you'll have your borrowed cash in hand in no time!

ID & Background Check are Required When You Pawn a Gun

In general, pawn transactions are very easy. The pawn transaction of an item should be fast and easy, with minimal requirements. However, you should be aware that you will need to bring in your ID when taking out one of our loans. This isn't based on the sole discretion of the's required by law. Additionally, when you're using these financial products and taking out a cash loan on a gun in particular, you will be subject to a background check before you can get your firearm back. This is based on federal law, but our in-store experts will take care of it for you. If you have any questions about these things or anything else related to taking out a loan from our local store, just let us know. As your trusted pawn broker, we want to offer you more than just an average pawn shop loan...we want to make sure you are completely happy with all of your transactions at our pawn store.

Chesapeake Pawn and Gun is your trusted local pawn shop and gun store, and we're here to help you borrow money on your firearm! Stop in today, and let us help you. When you see just how fast and easy it is to borrow money on a gun, we think you'll want to visit us time and time again for your borrowing needs!

Get a Pawn Loan on a Gun in Chesapeake Today!

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