What Is A Pawn Shop?

Most people have heard of pawn shops, but many have ideas and images that are, shall we say, less than accurate on just what a pawn shop is and what we offer. The short definition - we offer a short term loan based on the collateral that you pledge. No credit check, no wait for approval by the loan officer, just fast cash! When you have a loan to buy your home, you pledge the home as collateral in the event that you don't, or can't, pay back the loan. If you don't pay your loan back, your home becomes the property of the bank. We operate in much the same fashion. You bring in an item to pledge for a loan, you leave the item with us, and we give you cash and a receipt to bring back. In Nevada, the term of the loan is 120 days. You can pay the interest at this time and we will give you a "new" loan, again good for another 120 days. Most people do pick up their collateral and repay the loan, but when they do not, we in turn sell the items to recover our investment. That, in the short ...  more

A pawn shop is a store that offers money, usually a fraction of the value, for a variety of different items. Such stores have existed as far back as Ancient Greece, with differing rules for how they operate. Normally a person pawns an item at a pawn shop and then has a month or two to redeem the item by paying back the money owed. There is usually an additional charge or pawn shop fee that must be paid prior to getting the item back. What the pawn shop in modern times cannot do is sell the item before the specified date when a customer can still redeem it. If someone really wants to buy an item from the pawn shop, the owner may contact the customer who pawned the item and ask him or her if they can sell it. They more offer a bit more money to the customer if the item is in high demand. The pawn shop may also take some items on consignment. Instead of offering money to the client right away, they may offer money only if the item is sold. Usually the profits earned are split between ...  more

You see them in the various parts of town and you have been wondering just exactly what is a pawnshop, how do they work, and why are they becoming more commonplace? But...you havent asked. Well, to answer your questions, lets look at the history of pawnshops. Pawnshops date back to ancient times and are one of the earliest recorded lending institutions. During the late middle ages, the House of Lombard in Europe had a group of pawnshops. The sign of the House of Lombard was the three golden balls, and this sign was associated for years with the pawn industry. The pawn industry came to America with the first settlers, and in the early part of this century pawnbroking was regarded as the main source of consumer credit. With the rise of large consumer credit institutions such as finance corporations, savings and loan associations, and credit unions, the pawnshop is no longer the major source of consumer credit.  more

You see them in the various parts of town and you have been wondering just exactly what is a pawn shop, how do they work, and why are they becoming more common place? But you haven't asked. Well to answer your question, lets look at the history of pawn shops. Pawn shops date back to ancient times and are one of the earliest recorded lending institutions. During the late middle ages, the House of Lombard in Europe had a group of pawn shops. They even counted royalty, such as King Edward III of England, among their clientele during the 14th century. Queen Isabella of Spain pawned the crown jewels to finance Columbus' voyage to America.  more

You see them around town and you wonder just exactly what is pawnshop, how do they work, and why are they becoming a more common and credible place? But...you haven't asked! Well, to answer your question, let's look at the history of pawnshops. Pawnshops date back to ancient times and are one of the earliest recorded lending institutions. During the late middle ages, the House of Lombard in Europe had a group of pawnshops. The sign of the House of Lombard was three golden balls, and this sign was associated for years with the pawnshop industry. The pawn industry came to America with the first settlers, and in the early part of this century pawnbroking was regarded as the main source of consumer credit. With the rise of large consumer credit institutions such as: finance corporations, savings and loan associations and credit unions, the pawnshop is no longer the major source of consumer credit. In our current economic situation, the pawnshop plays an essential role in providing all ...  more

You see them in the various parts of town and you have been wondering just exactly what is a pawn shop, how do they work, and why are they becoming more common place? But you haven't asked. Well to answer your question, lets look at the history of pawn shops. Pawn shops date back to ancient times and are one of the earliest recorded lending institutions. During the late middle ages the House of Lombard in Europe had a group of pawn shops. The sign of the House of Lombard was the three golden balls, and this sign was associated for years with the pawn industry. The pawn industry came to America with the first settlers, and in the early parts of this century, pawnbroking was regarded as the main source of consumer credit. With the rise of large consumer credit institutions, such as finance corporations, savings and loan associations, and credit unions, the pawn shop is no longer the main source of consumer credit. But the pawn shop still plays a vital role in providing consumer credit. ...  more

But you haven't asked. Well, to answer your question, let's look at the history of pawn shops. Pawn shops date back to ancient times and are one of the earliest recoded lending institutions. During the late middle ages the House of Lombard in Europe had a group of pawn shops. The sign of the House of Lombard was the three golden balls and this sign was associated for years with the pawn industry. The pawn industry came to America with the first settlers and in the early part of this century pawnbroking was regarded as the main source of consumer credit. With the rise of large consumer credit institutions, such as finance corporations, savings and loan associations, and credit unions, the pawn shop is no longer the major source of consumer credit. But the pawn shop still plays a vital role in the area of providing consumer credit. The general public needs to borrow small sums of money that other sources are not willing to provide and this resulted in the rise of popularity of pawn ...  more

You see them in various parts of town and you have been wondering just exactly what is a pawnshop, how do they work and why are they becoming more common place? Pawnshops date back to ancient times and are one of the earliest recorded lending institutions. During the late Middle Ages the House of Lombard in Europe had a group of pawnshops. The sign of the House of Lombard was the three golden balls and this sign was associated for years with the pawn industry. The pawn industry came to America with the first settlers and in the early part of this century pawnbroking was regarded as the main source of consumer credit. With the rise of large consumer credit institutions, such as finance corporations, savings and loan associations, and credit unions, the pawnshops are no longer the major source of consumer credit. However, they still play a vital role in the area of providing consumer credit. The tremendous demand of relatively small borrowing unavailable from other sources is the main ...  more

A Pawnshop is a financial institution that offers money in exchange for a variety of different items of value, usually at a fraction of the retail value. The pawnbroker holds the items for a given amount of time, at which point the customer can return to pickup his / her merchandise.  more

Essentially, a pawn shop is a way to get money without the hassle of credit checks, approvals, and the like. A pawn is a buyer/seller agreement in which we agree to buy the items that you pledge as collateral for an agreed upon amount. At the end the time period, you then repurchase these items back from us for the original amount plus a small fee. It's that easy. No credit checks, no hassles.  more