In today’s society, many people depend on pawnbrokers to help them meet daily financial needs not offered by other institutions. Pawn customers represent the working families of America who periodically experience an unexpected need for short-term funds. Pawn loans keep the electricity on, the rent paid and cars running with full tanks of gas.
Today’s pawn stores are attractive, welcoming places to do business. Modern pawn stores are family-owned and operated businesses that offer superb customer service. Pawnbrokers comply with federal, state and local regulations and laws. In most jurisdictions, they provide local law enforcement with data on all transactions on a daily basis.
Licensed, regulated pawnbrokers offer consumer credit secured by possessory security interests in personal goods and provide safety-net loans to over 30 million un or underbanked Americans. Pawn stores service Americans in all social classes, including small businesses and affluent customers.
Pawn loans do not require a credit check and never negatively affect a customer’s credit. Each day, pawnbrokers help families through challenging economic times by providing non-recourse, small dollar, short-term loans when they have no where else to turn.