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Cash America Expands its Texas Presence

By   /  June 28, 2013  /  Pawn Shops  /  No Comments

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Cash America has acquired a 41-store chain of pawn shops primarily under the name of Top Dollar Pawn and owned by TDP Superstores Corp.  President and CEO of Cash America said, “We are excited about this opportunity to further expand Cash America’s pawn lending business in the State of Texas. This group of 41 stores [...]

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Pawn Shops More Popular in Arizona

By   /  June 9, 2013  /  Pawn Shops  /  No Comments

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A recent study found that 18 percent of Americans reported using a pawn shop within the past five years to get cash.  Arizonans are much more likely than the rest of the nation to turn to a pawn shop with 27 percent reporting they had taken out a pawn loan.  For some the numbers were [...]

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Pawning your Signed Luxury Watch

By   /  April 25, 2013  /  High End Pawn  /  No Comments

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Much like an artist signs her paintings, for centuries watchmakers have signed their watches.  Often found on the dial of the watch or certain parts of the inner movement, a signature stamp is an indicator of quality.  When you buy a luxury watch with the maker’s signature you can be confident in the craftsmanship of [...]

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First Cash stock Rises on Pawn Shop Profits

By   /  April 17, 2013  /  Pawn News  /  No Comments

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First Cash Financial Services Inc. reports a 16 percent rise in net income for the fiscal first quarter from growing profits from its pawn shops.  The company runs pawn shops and payday loan centers throughout the U.S. and Mexico, and expects more than 90 percent of its revenue this year will come from its’ pawn [...]

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Pawn Shops Offer a Better Alternative to Payday Loans

By   /  April 6, 2013  /  Pawn Shops  /  No Comments

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One of the major complaints about payday loans is that they can lead to a cycle of debt.  A pawn loan, however, is different from a payday loan in that it is not based on future earnings but rather on an asset you are using as collateral.  This means that if you cannot repay your [...]

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Pawn Shop Stereotype is Disappearing

By   /  March 14, 2013  /  Pawn News  /  No Comments

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Not so long ago, pawn shops were thought to be denizens for thieves and the chronically poor, but the industry has recently given itself a makeover.   Pawn shops have become respectable; upper- and middle- class customers are becoming frequent customers, reality shows are based in pawn stores and pawn shop chains are popping up everywhere.  [...]

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Pawn Shops become more Popular in Beijing

By   /  February 21, 2013  /  International Pawnbrokers  /  No Comments

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Beijingers are turning to pawn shops for more than just fast money in emergencies; customers can pawn excess items and shop for cheap goods.  Pawn shops are especially popular after Spring Festival when there’s an excess of electronics; in fact, pawning has become the new regifting for unwanted electronics.  “Usually there are lots of people [...]

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Antiques Expert Advises Cash Strapped Brits to Use Pawn Shops

By   /  February 3, 2013  /  International Pawnbrokers  /  No Comments

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Cash strapped Brits struggling to juggle finances early in the New Year has led to an upsurge in visits to local pawn shops.  The cost of living is rising, it’s increasingly difficult to borrow, and as a result people are finding the flexibility that comes with a pawn loan more enticing.  According to David Dickinson, [...]

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How to Open a Pawn Shop

By   /  January 25, 2013  /  Collateral Loan, Home, Pawn News  /  No Comments

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If you follow pawn news at all, you’ll know that pawn shops are thriving right now.  Opening a pawn shop is not a simple process, but if you’re willing to follow the right steps and if you have or are willing to learn the skills and knowledge it takes to be a pawnbroker now is an [...]

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Pawn Broking Just another Form of Asset-Based Lending

By   /  January 23, 2013  /  International Pawnbrokers  /  No Comments

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Bank lending in the U.K. has been in decline since 2008 leaving alternative lenders in a good position.  While crowd-funding and peer-to-peer online finance platforms are getting a lot of attention, there is a much older industry also profiting from the credit crunch.  Pawnbrokers are continuing to do what they’ve been doing throughout history and [...]

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