Times Spawn Pawns: Down Economy Drives Changing Clientele in "Hock" Shops!
from Idaho Business Review
 Take a drive around the corner from World's Largest Pawn Shop in Fruitland, Idaho, and you'll stumble across World's Smallest Pawn, about a mile away. It's not a particularly small shop, and lately, it's stocked with even more items than usual. " More
Hard Times and Pawnshops
from The Associated Press via Forbes
The number of payday lending businesses in Wyoming has more than doubled and the amount of money lent by those businesses has more than tripled since 2000, according to a children's advocacy organization that supports legislation to rein in the industry. Payday loans trap families in cycles of debt and ever-deepening poverty, representatives of the Cheyenne-based Wyoming Children's Action Alliance said. More
The End of Payday Loans?
from KFYR-TV
If your car breaks down, and you need a few bucks to make it through to payday, a two-week loan with a 20 percent fee may be the cheaper route to go, rather than bouncing a check. In fact, many North Dakotans do it. The state has $1.7 million in outstanding payday loans, and pawnbrokers like Jay Couture of Bismarck, N.D. say it's a necessary service. More
Reaction for NPA member: Predatory Lenders − "Insulting and Incorrect Label" (By Jay Couture, Jay's Pawn Shops)
Boom Time for Pawnshops
from WTHR-TV
Hard times are good times for pawn shops doing big business. They're watching profits soar and seeing a group of customers that would never have thought of pawning their possessions. Stung by declining household wealth and job losses, a new class of clientele is turning to pawn shops, selling, in some cases, luxury items to make a mortgage or car payment or securing short-term loans with collateral like motorcycles or diamonds. More
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Software to Target Stolen Property
from Tulsa World
A new online system that allows police to track pawnshop transactions will be good news for burglary victims and bad news for burglars. The Business Watch International regional system is expected to be in operation, linking the Tulsa Police Department to area pawnshops, by the end of June, Sgt. Brandon Watkins said. The system could increase by 300 percent the amount of stolen property that is recovered from pawnshops, he said. More
Group Takes Aim at Payday Loans in Wyoming
from The Associated Press via Forbes
The number of payday lending businesses in Wyoming has more than doubled and the amount of money lent by those businesses has more than tripled since 2000, according to a children's advocacy organization that supports legislation to rein in the industry. Payday loans trap families in cycles of debt and ever-deepening poverty, representatives of the Cheyenne-based Wyoming Children's Action Alliance said. More
How to Get the Best Price for Your Old Jewelry
from The Los Angeles Times
Selling old jewelry out of necessity or for profit has become a trend of late, with consumers flooding pawnshops and packing up their gold and silver in prepaid envelopes for scrap. But how do you get the best value for your jewelry? More
More than your Run-of-the-Mill Chain of Pawnshops
from The Australian
Often thought of as your regular, run-of-the-mill pawn broker, Cash Converters is anything but, and is now the largest second-hand goods retailer on the planet. With 496 stores, mostly across Australia and Britain, "Cashies" has also recently launched an online assault, competing against the likes of eBay and the Trading Post. More
Gilbert, Ariz., Planners Still Stuck on Controlling Pawnshops
from The Arizona Republic
The Planning Commission in Gilbert, Ariz., decided to wait another month before recommending to Town Council a way to handle new tattoo parlors, pawn and smoke shops, and payday loan stores. The commission wants to keep so-called "non-traditional" businesses from clustering near each other, claiming clusters attract crime and blight. More
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