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Looking for prospective pawn stars

To be successful, pawnbrokers should be able to offer the right price for the right pawn

    Published Fri, Nov 29, 2019 · 09:50 PM

    PAWNBROKING has been around for more than a thousand years. In the early days, the practice of pawnbroking was not just the preserve of businessmen looking to make a quick buck. It was also carried out by churches to provide short-term financial assistance to members of their congregation who faced immediate cash-flow problems.

    In that sense, pawnbroking hasn't really changed that much over the years except that, today, pawnbrokers are normally regulated.

    And in many jurisdictions, there is a limit to the amount of interest that they can charge in exchange for assets or pawn they hold as collateral.

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