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Pawn Shops

Pawnbrokers issue personal loans to people, while holding their property as collateral. Jewelry, tools, firearms, and electronics are commonly held to secure the loan. If the loan is not paid back, the goods are sold in a shop setting.

614 Questions

How do pawn shops know if a camera is stolen?

Most pawn shops have to make a list of all items pawned, the models numbers and the serial numbers. Those lists are collected by the local Police Depts and the information checked against stolen equipment reports. The shop will learn later if they have a stolen pawned item.

How do pawn shop owners make money?

Pawn shop dealers not only receive interest on the money loaned to you when you buy back your possession, but they sell items that have not been repurchased for fees exceeding the original loan amount.

When can an auto pawn shop repossess your car?

This will depend on the state laws where the car loan was made.

You mention repossess, was the car in your possession while the loan was active or was it being held at their property.

The reason I ask is since most Pawnshops are required by law to hold the item, whereas another business, Title Loans are not required to hold the vehicle.

Either way, you should have been provided with a contract that would show when the default date is/was.

Also in most States both of these businesses are regulated by state laws and would have to abide by these limits.

Phil

What does KPJ stamped inside ring mean?

My ring inside say 10k kpj ,does that mean the ring is fake?

Is Avon a collectors item?

Yeah, Avon is collectors item. As avon products are not seen as toiletries but as potentially valuauble collectives.

If someone's property is stolen and you find out that it was sold to a pawn shop does the victim have any recourse in getting back the property without having to purchase it back?

Was a police report filed when the item was stolen? Did it have any identifying marks? If so, you should be able to get it back. However, hiring a lawyer may be more expensive than buying it back from the pawn shop.

Depending on your state the pawn shop can claim they bought the merchandise in "good faith" and are protected. If so you will have to hire a lawyer or pony up the cash for the property.

What laws are there for pawn shops in Indiana?

In Indiana, pawn shops are regulated by state laws that require them to obtain a license to operate. They must keep detailed records of all transactions, including the identification of customers and descriptions of the items pawned or sold. Additionally, pawn shops are required to report their transactions to local law enforcement, which helps in tracking stolen property. The state also sets interest rate limits and guidelines for the handling of unredeemed items.

Whatever happened to Hardcore Pawn?

No. Pawn Stars was renewed for Season 13. As of January 01, 2017 it appears that Season 12 has not yet concluded.

Do Jews own pawn shops?

Some do. In fact, pawn brokering was one of the early businesses in which Jews were allowed to participate.

That said, the traditional three gold balls of a pawn shop are rooted in Christian tradition. The balls represent the three bags of gold given by St. Nicholas to three sisters as a dowry.

What is the charges if you stolen goods to a pawn shop?

IN THE UK it is classed as receiving stolen goods you wud have to prove your case that you didnt no items were stolen goods etc hope it helps

How do you get pawned jewelry returned that jeweler is denying he has?

Read your pawn contract or receipt. Typically a pawn store has the right to sell pawned items after a certain amount of time.

Where is pawn shops in Dubai?

its not in dubai but there are few shops in sharjah central souq..

How do you pawn a gun?

you take it to a pawn shop and fillout the paperwork and show your ID. This information is recorded and then the gun is transferred to the pawn shop. A record is kept to determine who sold the gun.

Are there pawn shops in North Carolina?

Yes, there are several pawn shops that are located all over the state of North Carolina.

How long does a pawn shop hold a pawn?

Hello,

I'm not sure about internationally, but in the United states every state has its own set of regulations. In Arizona you will receive a 90 day loan. This loan can be payed off at any time within the 90 days. If you need longer than 90 days you can pay off the interest and then qualify for another 90 day loan. The easiest way to find out a different states regulations would be to contact your local Pawnbroker or your local police department.

Pawn1st Pawn & Title Loan Centers

Take Care

What is the pawn shops motto?

Pawn shops may have different mottos, but some common ones include:

1 "Get cash fast!"

2"Instant cash for your valuables."

3 "The pawnbroker's pawnshop."

4 "Buy, sell, loan."

5 "Your trusted neighborhood pawn shop."

6 "Where your goods become gold."

7 "Turning your items into instant cash."

8 "We loan more, pay more, and sell for less."

9 "No credit? No problem!"

10 "Your financial solution since [year of establishment]."

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