Some customers of pawnshops during the Middle Ages included many royal figures. One such example is Queen Isabella of Spain who pawned her crown jewels to finance Columbus' voyage to America. It is possible to imagine that, had a pawnbroker not lent the Queen money, Columbus might never have made the voyage to America, and our history could have been different.
A pawnshop is a store which offers loans in exchange for personal property used as collateral. If the (pawn) loan is repaid in the contractually agreed time frame, the collateral may be repurchased at its initial price plus interest. If the loan cannot be repaid on time, the collateral is liquidated (sold) by the pawnshop. Pawnshops also will buy your personal property to resell in there store. Items typically bought and sold in a pawnshop are tools, electronics, video games, dvds, guns, jewelry, musical instruments and equipment, home audio, car audio, bicycles, small home appliances, antiques and collectibles.
Our loan terms are standard for the area. It is 20% interest every 30 days. If at the end of the 30 day period you are unable to repay the loan, you can pay the 20% interest and get another 30 days to repay the loan. The interest is prorated with a minimum interest of $5 for loans under $75 and $ for loans $75 and over.
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