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Home   About   Membership   Resources   Government Affairs   Meetings & Events June. 8, 2010

Pawnshops offer loans that don't risk credit ratings
Daytona Beach News-Journal    Share   Share on FacebookTwitterShare on LinkedinE-mail article
Pawnshops have long been a place where people can obtain quick cash, either by taking out a loan on a pawned item or selling merchandise on the spot. "The definition of a pawn is something that people do when they would like to get their item back. There's an emotional attachment (to it)," said Elizabeth Fries, a pawnbroker at Pleasant Hill Coin and Jewelry Exchange, Pleasant Hill, Calif. "There's plenty of people who are interested in just getting that short-term loan that won't affect their credit rating." Many pawnshop customers do not have a bank account, according to the National Pawnbrokers Association. Pawn loans do not incur late fees, do not require credit checks and there are no legal consequences if the loan is not repaid, other than the loss of the item pawned. More

The National Pawnbrokers Association announces
the first year of the Pawn Industry Marketplace

National Pawnbrokers Association    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The National Pawnbrokers Association (NPA) announced today the launch of their new online resource, the Pawn Industry Marketplace. This valuable new buyers guide is available to all NPA members from a link on the NPA homepage ( The Pawn Industry Marketplace features a wide range of products and services that will aid pawnbrokers in their purchasing decisions year-round.

Within the Pawn Industry Marketplace, users have the option of performing keyword-driven searches, or a category-specific search. Both methods produce the most industry-relevant results on the Web. Users may also contact participating suppliers by e-mail directly from the supplier’s listing. With a downloadable desktop search application available, industry professionals have the ability to search for items directly from a small search window on their desktops - making the search process as convenient and time-efficient as possible.

Cash-for-gold rip-offs prevalent
Atlanta Journal Constitution    Share    Share on FacebookTwitterShare on LinkedinE-mail article
In recent years, the cash-for-gold mail-order industry has taken off as the price of the precious metal skyrocketed and Americans’ wealth plummeted. At the same time, an increasing number of consumers shipping off their Rolexes or class rings say they are getting pennies on the dollar or nothing at all from companies that claim they never received the goods. The complaints have prompted lawsuits and investigations. Proposed federal legislation would regulate the industry, making it illegal for companies to melt down jewelry without customer authorization and require companies to give consumers ample time to request a refund. More

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Lessons from a Pawn Star
Inc. magazine    Share    Share on FacebookTwitterShare on LinkedinE-mail article
From vintage Coca-Cola machines and antique toilets to souped-up muscle cars and a pirate peg leg, pawnshop broker Rick Harrison, has bought and sold just about everything. The co-owner of the tri-generational, Las Vegas pawnshop, which is the focus of The History Channel series "Pawn Stars," took a moment with Inc. reporter Josh Spiro to discuss how to keep customers coming back, maintaining steady cash flow, and problem solving in a family-run business. He also reveals how the television series, which began season three last week, has changed the way he runs his business. More

How to start a pawnshop business
Small Business News (blog)    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Where do you see Pawnshops? One of the most important success factors for a pawnshop is location. High traffic and high visibility locations with convenient accessibility can attract lots more customers, repeat business and even referrals. Before you launch your business, start by searching for a good shop location and writing up a business plan. More

Pawnshop owner hopes new site anchors growth
Springfield News-Sun    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A broken water pipe and the ensuing flood for one Springfield, Ohio, business owner has now spawned ideas of greatness. Sam Beloff, owner of Rose City Fine Jewelry and Loans, LLC, was forced out of the space his business occupied on the ground floor. Beloff, Beloff is a third-generation pawnbroker, was lucky, though, in that there was no water in his store, but he was directly over the flood zone, which made staying impossible. More

National Pawnbrokers Association Convention Pawn Expo 2010!

Discover the answers to your toughest business challenges.

The National Pawnbrokers Association Convention PAWN EXPO 2010 is the most comprehensive gathering of educational speakers, manufacturers, distributors, and wholesalers in the industry. It is a tremendous opportunity to grow your business, ask questions, learn from experts, and network with fellow pawnbrokers from across the country. Click here to learn more.
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Mercantile heroes (as Seen on TV)
The New York Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Crowds are a fact of life here, oozing down the sidewalk as you try to make a right turn into your hotel or blocking your access to the $10 blackjack tables. At 10 a.m. on a recent weekday, though, things were pretty quiet — except at the Gold and Silver Pawn Shop on Las Vegas Boulevard, about a mile north of the Strip. Inside the low-slung, khaki-colored building, unremarkable save for the large "As Seen on TV" sign by the front door, so many people were milling about that it was hard to get a close look at the Rolexes, the Super Bowl rings or the Confederate currency. More

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Fed chief urges more lending to small business
The New York Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Ben S. Bernanke, the Federal Reserve chairman, said that banks needed to increase lending to small businesses to reduce unemployment and help the economic recovery, Nick Bunkley of The New York Times. Outstanding loans to small businesses declined to $660 billion in the first quarter of 2010, from almost $700 billion two years ago, Bernanke said, adding that it was difficult to tell whether the decrease was a result of reduced demand or tightened credit standards. In any case, he said, increasing the flow of capital to small companies was crucial to the recovery. More

Police: Man shot by Los Angeles County suburban pawnshop worker was in middle of day-long crime spree
San Gabriel Valley Tribune    Share    Share on
FacebookTwitterShare on LinkedinE-mail article
A robber shot by a West Covina pawnshop worker in California was in the middle of a very long day of crime, police said. Detectives said El Monte, Calif., resident Rudy Barbosa, 24, started a crime spree at 5 a.m. when he robbed a 7-Eleven. He went on to carjack someone in Los Angeles before he was shot by a worker at Alamo Jewelry and Loan, police officer said. After being shot, Barbosa stabbed someone at the Valley Mall, stole things out of someone's garage and led police on a short car chase before he was captured and arrested, said Detective Ralph Batres of the El Monte Police Department. More


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NPA Weekly NewsBrief
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