Pawn Shop

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Pawn Shop

A shop where one may pawn an item or buy items other persons have pawned. When one pawns an item, one receives a loan and gives the pawnbroker (the pawn shop's owner) possession of the item. One may retrieve the item within a certain period of time if one repays the loan with interest. If the loan is not repaid, the pawnbroker may sell the item in his/her shop. Because the pawnbroker already has possession of the item, he/she does not report non-payment of the loan and it does not affect the borrower's creditworthiness.
References in periodicals archive ?
Local pawn shops across the country have improved it even further.
In the past, owners of highly precious jewelry would have thought in unthinkable to sell jewelry valued up to 6 figures to a pawn shop.
For more information about their luxury pawn shop and the gift assets they buy, visit them online at SanDiegoJewelryBuyers.
com allows you to submit your request, which is then sent to hundreds of pawn shops throughout the US.
Thus, pawn shops are overflowing with used tools, guitars, stereos, watches, jewelry and electronics.
PawnSearcher is a website where consumers can send inquiries to pawn shops all over the US.
Jason Landes at the Palmdale Pawn Shop said his customer base is changing because of the rising gas prices.
Theodore DeVries of Abe's Newhall Pawn Shop and Diamond Exchange is seeing the same thing.
color) Abe's Newhall Pawn Shop employee Kevin Fisher says he took in a trailer from a New Orleans resident who drove to California but couldn't afford the gas prices to make the trip home.
Powell stated, "We are very excited about these acquisitions and believe that pawn shops of this size add significant value to the company.
the city's oldest pawn shop, where down-on-their-luck gamblers have gone since the 1930s to trade their possessions for enough cash to make just one more stake at the gaming tables - or to finance the trip home.
Colleen Irvine, chief of the Las Vegas Police Department's 10-person pawn shop detail, sees Kronberg as the epitome of the modern pawnbroker - and his shop as the Cadillac of local pawnshops.