Why do people go to Pawn Shops?

People go to pawnshops because they can acquire small sums of cash instantly in exchange for personal possessions like gold, silver, diamonds and coins, a.k.a. collateral.

Gold Star Jewelry & Coin Co. is on a nationwide campaign to explain the facts of pawning to all those who need ready cash.

Visit us online at http://www.pawnstarloans.com, or call (773) 942-6556.

Here are some other questions you may have, plus answers.
What is the Average size Loan at pawnshops?
The average Loan is $115.

What percentage of loans are redeemed (paid off)?
More Than 80 percent of all loans are redeemed.

What percentage of the U.S. adult population has no banking relationship?
Forty percent of the U.S. adult population has no relationship with a banking institution.

What is the size of the pawn industry in the United States?
The pawn business is an $8 billion industry.

What percentage of transactions in the industry deal with stolen property?
Less than one-tenth of 1 percent of pawn transactions deal with stolen property.

 

Gold Star Jewelry & Coin Co.

7048 N. Clark St.

Chicago, IL 60626

 

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