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To: over3Owithabrain
Pawn shops are great for short term storage of jewelry or electronics while on vacation.

Guess I'm unfamiliar as how pawn shops work.
Thought you pawned something for money, they put it on display and hopefully sold the item .
You get money for the item, they sell it.

39 posted on 05/05/2016 6:19:50 AM PDT by Vinnie
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To: Vinnie

You have a set amount of time to pay back the money you got for it plus interest before it goes in the display cases as unclaimed.


40 posted on 05/05/2016 8:45:15 AM PDT by sheana
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To: Vinnie

You can decide whether to sell it to the pawn shop or loan it (pawn). You have to tell them which.

If you loan it, they ascertain the loan value and the amount of interest to get it back. Usually it’s a 30 day term loan, which means they cannot sell it as long as you pay it off before the loan expiration period. Of course if you don’t show up in that time frame to pay back the loan and interest, the pawn shop keeps your property and sells it.


44 posted on 05/05/2016 9:52:17 AM PDT by over3Owithabrain
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