What is the pawn industry?
The pawn industry is one of mankind’s oldest financial institutions. Simply put, the pawn industry offers clients short term loans utilizing tangible personal property as collateral for the loan. Over 70% of pawn loans are redeemed. This means the majority of people who borrow from pawnshops return to pay off the loan and redeem their collateral. Those who do not pay off the loan forfeit their collateral, which is then sold at the pawnshop to retail customers. This website now offers the pawn community a way to list all merchandise at one consolidated location.
