Author Archives: Steve webb

How Does a Pawn Loan Work

Unlike a bank, finance company, or credit union a pawn shop does not require a credit check. The collateral in which you pledge to the broker for the term of the loan makes a credit check unneeded. The pawn shop assesses the value of your item and holds the item for 30, 60 or 90 […]

Beginning of Pawn

Pawn Shops can be tracked all the way back to China in the 5Th Century, when Buddist monks make loans to customers and required collateral for the term of the loan. It was said in old England King Charles made the statement that pawnbrokers were not to be trusted and therefore this allowed the King […]