A1. A pawn is a collateralized loan. To “pawn” an item means that you have intentions of coming back to pick up the item. When you pawn something, your personal credit is not a factor. The loan value is based upon the second hand worth of the item.
January 02, 2019
Understanding a Pawn
For many people there is still a mystery around what a pawn really is. A pawn is a collateralized loan. In banking,…
June 08, 2018
Most of the fears we have are of the unknown. Why is jewelry such a great item to borrow money against? If…