How Pawning Works
How Does A Pawn Shop Loan Work?
PAWNING IS NOT SELLING
Pawn shops and pawn brokers have been around for thousands of years. It’s definitely not a new concept, but many people don’t really know the difference between Pawning an item and Selling it. To put it in the most simple terms; pawning is essentially loaning money. Let us give you a quick rundown of how it works:
- You bring in something as collateral.
- PB Pawn and Jewelry Gives you a loan.
- You repay the loan with interest, and we return your asset.