HISTORY OF PAWN SHOPS
People have been utilizing pawn shops for over 3500 years for
getting rid of old belongings or for obtaining personal loans
shop loans) in exchange for leaving their items at the
It may be hard to believe that pawn shops are older than
Christianity...but its true. When the Roman Empire was a
mere glimmer in the times of history, pawn shops had already
been a flourishing business for a very long time.
The pawn shop business began in ancient China. In fact, a pawn
shop museum that chronicles the entire business from top to
bottom is located in Macau.
In America, pawn shops were doing significant business in the
major cities up until era of the Great Depression. During the
the dreadful time of the Depression and for years after, the
pawn shop industry declined. There was just no money to lend.
Even money launderers and loan sharks were non-existent up until
the conclusion of the second World War.
The pawn shop industry re-established itself in the United States during
the '70s. During these times, the country was going through a
recession and as a result, people were attempting to find
alternate means for obtaining money to pay for life's
Nowadays, there are over 13,000 pawn shops in the United States.
There are several pawn brokers that have shops in almost every
state. Two of the more popular pawn brokers are
Cash America and
These days, many pawn shops have eliminated the practice of
providing personal loans in exchange for collateral. Instead,
they are working directly with payday loan lenders. Payday loans
are designed to help satisfy short-term
can apply for up to $1,500. Interest rates are typically very
high for these types of loans. However,
no credit check is
performed, so even those with horrible credit can achieve
approval. We offer payday loans that will allow you to get the
cash you need via an online application, without ever leaving
the comfort of your home.
Getting the Best Price for Your Pawn
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