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For many people there is still a mystery around what a pawn really is.  A pawn is a collateralized loan.  In banking, the banker utilizes the 4 C’s (credit, capacity, character, and collateral) in making a loan decision.  In an initial visit to the pawn shop, the pawnbroker focuses totally on the collateral or item that the person is pawning until a relationship is established.  If the pawnbroker finds that the customer picks up their...