Do pawnshops attract indigents and derelicts?
Absolutely not. Indigents and derelicts have no assets to use as collateral. No one builds a business around these people. The typical pawnshop loan customer is employed, living within one mile of the store, is of either sex, and occasionally needs short term cash for an unusual bill such as a medical expense or car repairs. The typical retail customer is a bargain hunter; either by need or desire and comes from all walks of life. Most pawnshop customers are repeat customers.
Absolutely not. Indigents and derelicts have no assets to use as collateral or money to spend. Our typical loan customer is employed, lives in or near Roanoke, and occasionally needs short term cash. The only things our retail customers have in common is that they like variety, and they love a bargain. Many of our customers are repeat customers.
Response: Absolutely not. Indigents and derelicts have no assets to use as collateral. No one builds a business around the people who have the least. The typical pawnshop loan customer is employed, living within a few miles of the store, and occasionally needs short term cash for an unexpected bill such as a medical expense or car repairs. The typical pawnshop retail customer is a bargain hunter, either by need or desire and comes from all walks of life. Most pawnshop customers are repeat customers.
