Pawn Shop Operations

What should I expect at a pawn shop? Expect to sell an item for about 30 to 60 percent of its online value. Pawn shops generally charge more due to their convenience, but if you’re not happy with the price, walk away and sell it elsewhere. Most pawn shop owners will be willing to negotiate … Read more

How does collateral work at a pawn shop? Here’s how pawn shop loans work: You bring in an item as collateral, and the pawnbroker will determine the value of the item, give you a loan based on its cost, and then hang on to your collateral until you’ve paid off the loan. In a nutshell, … Read more