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Basically you take something you own to the pawn shop. They give you money for you're item and a ticket and also tell you a time limit. Now if you want to item back you can take the ticket back and pay the money and get it back, kind of like a loan. If you don't buy it back before the time limit runs out then they'll sell your item to get the money back.
Wiki User
∙ 12y ago
Wiki User
∙ 14y agoHere is how a Pawn Shop works:
- People come into the shop to either sell or pawn their item.
- If it is anything of value to the people working there, they will either ask them to choose to sell or pawn it.
- The Pawn shop will then buy the item off of the customer.
- The Pawn shop then sells it to any willing person who comes into the shop for more money than they bought it for (for some items, the Pawn shop will refurbish it then sell it).
- Essentially pawn shops make loans to their customers against the value of the item pawned.
- Usually the pawn shop will set a time limit for the customer by which the customer has to redeem the pawned item. The cost to the customer is the repayment of the loan plus a premium. This is similar to the payment of interest on a regular loan.
- Items which are unredeemed by the customer or items which the customer cannot afford to redeem are forfeited and sold by the pawnbroker.
Wiki User
∙ 14y agoPawn shops buy items from you in exchange for money and they also sell items and they offer loans for your items you give where they hold onto them and you have to pay and get your items back.
Wiki User
∙ 15y agoThey give you money for your items. You have a short amount of time to buy them back. If you don't, they sell it to someone else and make a profit.
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Can a felon work in a pawn shop in Florida?
no
What are Work Features?
It all depends on the owner of the pawn shop.
Where did chumlee work before the Pawn Stars?
Sandwich Shop
Where can you pawn something?
at a pawn shop
Why ain't rick Harrison's other son Adam Harrison on Pawn Stars?
My dad owns a bar and i dont work there! why should Adam work at the pawn shop?
What actors and actresses appeared in Pawn Queens - 2010?
The cast of Pawn Queens - 2010 includes: Tom Brunzelle as Co Pawn Shop Owner Roberta Chung as Pawn Shop Patron Joe DeBartolo as Pawn Shop Patron Shannon Edwards as Browser Darren Elliot Fulsher as Pawn store customer Minda Grabiec as Co Pawn Shop Owner Greg Holloway as Co Pawn Shop Owner Don Kress as Pawn Shop Patron Babs Moran as Babs Nikki Ruehl as Co Pawn Shop Owner
How old do you have to be to enter a pawn shop?
you have to be years old to enter a pawn shop no one knows this answer but if you go to a pawn shop and you are at leat 30 you can find this answer
What does a pawn shop buy?
Although each pawn shop is different, most pawn shops will buy anything of value.
When was Pawn Shop from Heaven created?
Pawn Shop from Heaven was created in 1996-01.
Are the stars of 'Pawn Stars' Mormons?
No. The guys who work the pawn shop in Pawn Stars are not members of the Church of Jesus Christ of Latter-day Saints (commonly called the "Mormon" church).
Can a Pawn Shop sell cars?
Yes, a Pawn Shop can sell cars. A pawn shop can sell pretty much anything they want to (as long as it is legal). Some Pawn Shops will sell classic cars.
How would one find the location of a pawn shop?
To find the location of a pawn shop, one could look up the pawn shop on a map, or go to the pawn shops website to find its address. Also, one could locate the pawn shop in the yellow pages.
