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How often do pawn customers default?

April 26, 2017customers Default pawn

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How often do pawn customers default?

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At pawnshops nationwide, about 80 percent of all loans are repaid. But at King’s, over 94 percent of our loans are repaid. This is partly because we hold our loans for more than two times longer than the law requires, and because our clientele is made up of many repeat customers.