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Nervous About Obtaining a Pawn Loan? Read this First.

By   /  July 2, 2015  /  Pawn News  /  No Comments

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While the recent success of TV shows like Pawn Stars and Hardcore Pawn have brought the pawnbroking world into the mainstream, many people still associate pawnshops with stolen goods or greedy shoppers. This couldn’t be further from the truth. In fact, pawnshops are licensed by federal, state, and local law; these highly regulated businesses offer a great option for customers that [...]

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Pawning Sports, Entertainment & Political Memorabilia

By   /  November 14, 2014  /  Pawn News  /  No Comments

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Dresses worn by Princess Diana, guitars played by the Beatles, personal notes written by Abraham Lincoln, sketches drawn by Walt Disney – these iconic and rare items are examples of the type of unique memorabilia that New York Loan Company, and its sister store Beverly Loan Company, use to make large collateral based loans. The [...]

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Upscale Collateral Lenders Loan on Art

By   /  August 2, 2013  /  Collateral Loan  /  No Comments

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Business owners and entrepreneurs are turning to pawn shops instead of banks for their short-term cash needs.  One customer pawned a Picasso to help pay the bills.  “I’ve been collecting art for a long time,” he said.  “I settled on a Picasso, and pulled it off the wall.    Many think of pawn shops dusty shops [...]

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Pawn Shops: New Image for an Old Industry

By   /  July 30, 2013  /  Pawn Shops  /  No Comments

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The pawn business has experienced significant growth in the past few years, but the industry has been around for thousands of years. Pawnbroking goes as far back as 3000 years in history with pawn shops in Imperial China.  They were common in ancient Greece and Rome as well.  Queen Isabella of Spain is believed to [...]

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Pawn Shops Hit Hard by Drop in Gold Price

By   /  July 5, 2013  /  Gold Price  /  No Comments

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Pawn shops alongside investors and big gold miners are feeling the sting of falling gold prices.  Stores that buy gold or accept it as collateral for short-term loans know they are taking a risk on movements in the gold price, and they factor that risk into the prices offered.  Large drops in the gold price, [...]

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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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Banks in Philippines Outnumbered by Pawn Shops

By   /  June 26, 2013  /  International Pawnbrokers  /  No Comments

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The number of pawn shops in the Philippines has reached 17,408 according to the Bangko Sentral ng Pilipinas (BSP).  Pawn shops now outnumber all other financial institutions regulated by the BSP, including universal and commercial banks, rural banks, and savings and loan associations.  There are total of 27,211 BSP-regulated financial institutions and pawn shops make [...]

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Millennials more likely to use Alternative Form of Financing

By   /  June 15, 2013  /  Pawn News  /  No Comments

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Millennials, 18-24 year olds, have mountains of student debt and lackluster job prospects.  With increasing credit card debt as well, this generation is struggling to make ends meet.  Facing such a difficult economic situation, this generation is choosing both traditional and alternative finance services to help supplement their incomes, including pawn shops, prepaid debit cards, payday [...]

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Chinese Consumers Look for Deals on High-End Items at Pawn Shops

By   /  June 11, 2013  /  High End Pawn, International Pawnbrokers  /  No Comments

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Secondhand luxury in China is losing its stigma as young Chinese consumers turn to pawn shops for high-end items.  In the past pawn shops dealt mostly in traditional items such as gold, jewelry, antiques, paintings and jade, but now luxury goods such as high-end watches, designer hand bags and diamonds have made their way to [...]

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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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