Emergencies always seem to happen when you’ve got no extra cash on hand, but in those kinds of situations a visit to the pawn shop, like Modell Collateral Loans, can help you make it through. You may have no cash, but you’ve probably got something of value you can use to get you your emergency […]
Monthly Archives: May 2018
20
May
May
A pawnbroker’s bread and butter is the pawn loan. Pawn loans are collateral loans in which the customer brings in an item of value which they use to secure a loan. During the loan period, customers leave their item in the pawnbroker’s possession. The dollar amount of the pawn loan is based on the value […]
17
May
May
Pawn shops are well known for having a selection of fine jewelry at a more affordable cost than retail stores. However, some people hesitate when it comes to purchasing an engagement ring or wedding band from a pawn shop. It’s understandable that when it comes to important jewelry, couples want the selection to be perfect. […]
03
May
May
The interest rate on a pawn loan varies with each state setting different rules for pawnbrokers. A New York City pawn shop, for example, is allowed by law to charge no more than four percent per month. Some states leave setting the rate up to municipalities so even from state to state the interest rate […]