Your #1 Pawn Loan Source in Hampton Virginia

Need cash fast? We have you covered here at Mercury Pawnshop. Setting up our customers with pawn loans is one of the many services we provide. We’re located in Hampton, Virginia and have been in business for nearly 40 years now. We’ve had three generations of our family operating this business and are one of the area’s oldest, most respected and largest pawn shops with over 5,000 sq ft of space.

Regardless how much you need to loan or what you are interested in pawning, our friendly and knowledgeable staff are always here to help you. Our goal is to make your experience as pleasurable as possible here at Mercury Pawn. We understand that sometimes it be tough financially for individuals and families so we make sure to treat our customers with the respect they deserve.

All transactions between Mercury Pawn and our customers are 100% confidential and all loans are insured with our care. We understand that unforeseen circumstances may arise, particularly when times are tough. That’s why we are always willing help our customers out, even if it means holding loans a few extra days without payment until our customers can catch up. Bottom-line, we’re here for our community when they need us the most.

Do you need $10 or a $10,000 loan? If you have the collateral to back it up, we have the cash!

Pawn Loans 101

How does a pawn loan work?

A pawn loan is a quick and easy way to borrow money without the need for a credit check or the need to jump through corporate hoops. Pawn loans are based on the value of the collateral you put up for your loan. They are not based on your credit score and as a matter of fact no credit check is completed. If you can’t pay back your pawn loan in full, typically extensions or renewals are offered to give you extra time to get the money together to pay the loan off and collect your collateral. Another option is that you can surrender your collateral as payment in full for the loan.

Some items frequently used as collateral by our customers include gold and diamond jewelry, electronics, musical instruments, tools and much more. Just bring in your item of value that you would like to use as collateral, along with a valid photo ID and we’ll get you your money within minutes of your loan being approved.

Will I lose my merchandise (collateral)?

The vast majority of our customers pay back their loan and retrieve their merchandise. However, if a customer doesn’t repay the pawn loan the merchandise (collateral) provided for the pawn loan is then forfeited. If you prefer not to pawn your item you can simply sell it to us as we also purchase items from customers for cash.

How do you determine the value of my collateral?

Pawn loan amounts are based on the worth of the item you want to use as collateral. We base that value on the items current appraised value, the condition it’s in as well as our ability to sell the item. Research tools we have at our disposal are utilized to determine the value of your collateral.

Is my collateral safe while being held at Mercury Pawn?

While your item is being used as collateral for your loan at our pawn shop in Hampton VA, you still own the item.  It’s our responsibility to keep it safe and in the same condition it was in when exchanged for the loan. Your item will be safely stored here until you come back to pay your pawn loan in full and claim your item.

Can I pawn a gun?

Yes. We accept firearms as collateral for pawn loans and we also sell guns at our Hampton Virginia pawn shop.  We are a registered firearms dealer and comply with all federal regulations and are also members of the National Pawn Brokers association.