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What is a pawnshop and what do they sell?

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What is a pawnshop and what do they sell?

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A pawnshop is a place for people who don’t have a bank to go to to get a loan. What they do is they put something (like Jewelry or PS3 something worth money) up for collateral. Then they can pay the amount that was borrowed back to get their stuff back. It is like at a crazy high interest rate so beware. Also, if you don’t wanna pawn or “loan” anything – you can sell stuff you don’t need. Again, stuff worth money and you get cash for it and since you are selling it you will not need to pay the money back. Pawnshops are getting a lot more business lately cuz of the economy. They sell guns, electronics, Jewelry, movies and a lot of other random stuff. You usually can get pretty great deals. I shop for my dvds at pawnshops.

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