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What is a pawn shop loan?
  + stars: | 2023-06-22 | by ( Kate Underwood | Richard Richtmyer | Read More | ) www.businessinsider.com   time to read: +13 min
The average pawn shop loan in the US is about $150, according to the National Pawnbrokers Association. Due to the nature of pawn loans, it's common for borrowers to roll over their pawn shop loan or take out a new one. For example, Castle Jewelry and Pawn of Richmond, Kentucky states that they charge 20% interest on their pawn shop loans. In a situation where you require immediate cash but don't fit the qualifications for a traditional short-term loan, a pawn shop loan might be appropriate. Pawn shop loan FAQsCan I get a pawn shop loan with bad credit?
Persons: , you'll, You'd, They're, you've, you'd, Bernstein, Jorey Bernstein Organizations: Service, U.S . Department of, National Pawnbrokers Association, Consumer Financial Protection Bureau, Chevron, Bernstein Investment Consultants Locations: Virginia Beach , Virginia, Richmond , Kentucky
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