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iPawn was established with the purpose of utilizing the latest technologies and internet for the veteran pawnbroking industry and to serve as a high-end pawn broker, [3] delivering a simple, private way [4] to get loans or sell high end goods through the internet. The idea came after learning about the high interest rates charged by pawn shops.
A pawnshop business in Munich, Germany in 2014 Helsingin Pantti's pawnbroker in Helsinki, Finland in 2023 A London shop displays the traditional pawnbroker's sign. A pawnbroker is an individual or business (pawnshop or pawn shop) that offers secured loans to people, with items of personal property used as collateral.
Jack Daugherty founded Cash America in 1983 (possibly 1984), [3] after prior experience running a pawn shop and a failed venture hunting for oil. [4] He reinvested his earnings into acquiring more pawn shops, growing his business to 36 locations by 1987 and 101 at the end of 1988. [ 4 ]
EZCORP, Inc. is an American pawn shop operator based in Austin, Texas which provides services across the United States and Latin America. [3] It is a publicly traded company listed on the NASDAQ stock exchange [4] and is the second largest pawn shop operator in the U.S. [5] after Cash America International.
A pawn shop loan, or pawn loan, is a secured loan. The pawn shop holds an item you own as collateral for the loan. In exchange for the item, you receive a loan in a lesser amount than the ...
In developed countries, the services may be similar to those provided by banks and include payday loans, rent-to-own agreements, pawnshops, refund anticipation loans, some subprime mortgage loans and car title loans, and non-bank check cashing, money orders, and money transfers.
Note that pawn shops only loan you about 25% to 60% of an item’s resale value. If you pawn a piece of jewelry worth $1,000, you might get a loan amount of between $250 and $600, but you won’t ...
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