Pawnshop 101: What You Need to Know!

   If you've found yourself needing some quick cash recently, you may have considered heading to a pawnshop. You're not alone. The bad economy has prompted many people to visit a pawnshop for the first time.

   "We're seeing more people who have never been in a pawnshop before looking for short-term solutions without having to sell the farm," says Gerad Slayton, pawnbroker for  Calaveras Coin & Pawn in Angels Camp, California.

You shouldn't feel afraid or embarrassed about heading to a pawnshop, but there are some things you need to know.


Inside Calaveras Coin & Pawn, brightly lit cases of jewelry and coins!
Don't believe the bad image
   Pawnshops aren't the shady, scary places they often appear to be in the media. "Pawnshops have been unjustly vilified by the main stream media, and so most people perceive pawnshops to be dirty and seedy," says Slayton.

Instead, pawnshops are regulated by 12 federal laws plus numerous state and local laws," says Emmett Murphy, spokesman for the National Pawnbrokers Association, or NPA. "The majority are clean, well-lit stores run by people who pride themselves on providing good customer service." 


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