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"Pawn Stars" is a smash success
TransWorldNews    Share   Share on FacebookTwitterShare on LinkedinE-mail article
Until the 1950s, pawning was actually one of the most popular form of consumer credit in the USA. Even today, you can still find pawnshops that have an extremely large customer base. You will find them all over the United States. Over the years with so many objects changing hands, it's not unusual to find that several artifacts of historical importance have found their way to the many pawnshops in America today. More

Why do people go to pawnshops
Associated Content    Share    Share on FacebookTwitterShare on
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Pawnshops are becoming the new loan businesses. The next time you see a flashing pawnshop sign do not look at it with disgust. Pawnbrokers have been frowned upon for many years, but with the recent ups and down in the economy pawnshops are helping a lot of people. These hock shops have become a means of survival. More

Singapore pawnshops scramble to beat competition
United Press International    Share    Share on FacebookTwitterShare on LinkedinE-mail article
At close to 100 years old, Heng Fatt Pawnshop in Singapore is an esteemed patriarch in the city's pawnshop game. But as more chain pawnshops have entered the field in recent years, Heng Fatt's Executive Director Wong Teck Chow has grown increasingly worried about new competition and new government regulations. The store relies on its long-standing reputation to continue to draw in customers, says Wong, 76. More

The NPA Weekly NewsBrief now available as an iPhone app
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NPA understands the need to deliver timely, relevant industry news to its members and other church business professionals. In partnering with MultiBriefs to create the NPA Weekly NewsBrief, the association committed itself to delivering this news to members and other pawnbroker professionals. That partnership has now expanded to provide another convenient avenue to receive this information. The NPA Weekly NewsBrief is now part of the new MultiBriefs app, now available for the Apple iPhone and iPod Touch in the App Store.

Simply search "MultiBriefs" in the App Store and download the app free of charge. Once the MultiBriefs application is downloaded, you can add the NPA feed from the "Business Management" section. News is streamed into your iPhone or iPod Touch each week. And just like the e-mail news brief you've become accustomed to, you may share articles with your colleagues via e-mail, Twitter, Facebook and LinkedIn. You can even bookmark certain articles as favorites to revisit at a later date. As always, feedback is appreciated and is important to the success of the app. Feel free to rate the application in the App Store.

Precious Metals Refining Services
Manhattan Gold & Silver has been a worldwide wholesale provider in precious metals refining services and recovery since 1985. Our commitment to our customers and over twenty years of experience allows Manhattan Gold & Silver to provide wholesale precious metals refining services to pawnshops. MORE

Pawnshops see changes in recession economy
Montgomery Advertiser    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Al Dodson knew the handgun wasn't authentic within seconds of looking at it. For Dodson, owner of Mulberry Gun & Pawn, knowing the difference between a real Colt .45 and a replica can mean thousands of dollars. He appraised the potential customer's gun at $400, a fraction of what it would bring if it were an authentic, military-grade weapon. More

Scott Lee Cohen bows out of Illinois lieutenant governor race
Christian Science Monitor    Share    Share on FacebookTwitterShare on LinkedinE-mail article
At the urging of the state Democratic Party, Illinois lieutenant governor candidate Scott Lee Cohen resigned from the race Sunday, leaving open questions about the vulnerability of incumbent Democratic Gov. Pat Quinn. Cohen, who owns a family pawnbroker's shop and campaigned as an outsider, won last week's state primary but his victory was tarnished once it was revealed he was arrested in 2005 for domestic abuse and failed to pay back taxes and child support. More

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Gold falls to three-month low as dollar gain damps metal demand
Bloomberg via BusinessWeek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Gold futures fell to a three-month low in New York as the dollar's rally reduced demand for the precious metal as an alternative investment. The euro fell to an eight-month low against the greenback on mounting budget concerns in countries such as Greece, Spain and Portugal. Gold capped a fourth straight weekly loss and the ninth decline in the past 10 weeks. More

Initial approval to ammunition law in Oakland, Calif.
KGO-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Buy some bullets, provide a thumbprint. That is the essence of a new ordinance the city of Oakland, Calf., is considering to help keep its residents safe. The law is similar to what is already on the books in Richmond, Berkeley and San Francisco. Oakland wants to be part of an alliance with other cities who have similar gun laws. However, several people at a City Council hearing asked: Why pass an ordinance restricting ammo in a city that does not have a single place to buy ammo? More

Business booms for pawnbrokers
Jarrow & Hebburn Gazette    Share    Share on
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The recession might now be over, but increasing numbers of South Tynesiders in London are pawning possessions in exchange for a quick cash fix as the hard times continue. The borough's cash exchange shops have seen a rise in trade as scores of customers look to pawn or sell off household items to make ends meet. More

Pawnshop business is booming
KKO-TV    Share    Share on
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If your wallet is looking empty these days and it crosses your mind to visit a pawnshop, you're not alone. Grand Junction, Colo., pawnshops say business is booming. When times are good, people buy items from the pawnshop and when times are down, they sell those items back for cash to pay their bills. "This is typical of what's happening. People have expensive things. She would never have sold this if it weren't for the fact that she needed more money," says Dick Nottingham, owner of Mesa Pawn and Loan Inc. More

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Payday loan bill filed in Kentucky
Louisville Courier-Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A bill aimed at curbing the costs of payday loans was filed by Rep. Darryl Owens, D-Louisville. House Bill 381, backed by a coalition of religious and advocacy groups, would limit to 36 percent the annual interest lenders can charge for the short-term cash loans. That's the same limit Congress imposed in 2007 for such loans to military personnel. "It’s an effort to rein in what many of us perceive as excessive charges," Owens said. More

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When subprime is more prime than sub: Cash Converters
The Australian    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The financial crisis saw "subprime" become a dirty word. As a result, most lenders curtailed dealings with this higher risk type of borrower, leaving little competition for the likes of Cash Converters. Over the past 25 years Cash Converters has established the world's largest chain of secondhand goods retailers, but derives 70 per cent of earnings from short-term lending, usually to "subprime" borrowers. Default rates are naturally higher in this market segment, but Cash Converters has established a firm record for pricing the added risk accordingly. More


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