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Pawnshop booms after reality show
Las Vegas Review - Journal    Share   Share on FacebookTwitterShare on
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What recession? These are boom times at Gold and Silver Pawn, thanks to the History Channel's hit reality series "Pawn Stars." Back in July, before the show started, about 70 customers a day showed up at the Las Vegas Boulevard shop. And now? "We do about 1,000 a day," said Rick Harrison, who co-owns the shop with his father, Richard, and son Corey. More

From 'Pawn Stars' to 'Pickers,' America's trash is TV's treasure
USA Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
There's a lot of trash on TV these days. Not just the normal fare. Trash TV, "mantiquing," goodwill-store hunting or whatever you may call it is quietly gaining momentum among viewers captivated by secondhand merchandise, garage-sale finds, forgotten memorabilia and relics from attic stashes. More

More relying on pawnshops for loans
ABS CBN News    Share    Share on FacebookTwitterShare on
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More and more people are rediscovering the benefits of pawning their belongings since the start of the recession. Zenaida Genove, store manager of pawnshop Best Collateral said people should not feel ashamed when they pawn their valuables. More

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Millions of unemployed face years without jobs
The New York Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Even as the American economy shows tentative signs of a rebound, the human toll of the recession continues to mount, with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits. Economists fear that the nascent recovery will leave more people behind than in past recessions, failing to create jobs in sufficient numbers to absorb the record-setting ranks of the long-term unemployed. More

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Alabama pawnshop sees all types of valuables traded
Andalusia Star-News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Times are tough, and nothing proves it more than the odd assortment of valuables lining Andalusia’s Covington Trade and Pawn showroom in Alabama. “Not a month ago, we had someone come in who wanted to pawn some Christmas ornaments," said store manager P.J. Mankevick. "Strange, I know." Pawning was the leading form of consumer credit in the United States until the 1950s, according to the Web site of Pawn Stars, the program that airs regularly on the History Channel. More

Michigan court upholds cap on payday loan bounce fees
The Associated Press via ABC News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Payday loan companies can no longer charge borrowers triple damages plus $250 if their checks bounce, the Michigan Court of Appeals said, overturning a lower court that ruled in favor of a lenders group. The court's ruling reverses an Oakland County court decision favoring payday loan issuers and upholds a state order to enforce a 2005 law designed to rein in practices by an industry used mainly by low-pay workers. More

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Pawnbrokers told to comply with Act
The Daily Dispatch    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The National Credit Regulator urged pawnbrokers to comply with the National Credit Act. Requirements that specifically relate to pawnbrokers include that the credit agreement must stipulate the date on which the transaction ended and that the pawnbroker bore the risk of the property delivered to it as security. The pawnbroker must return the property to a consumer who has discharged all obligations. More

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Personal banking: Pawnshop loans increase during economic slump
Waterloo Cedar Falls Courier    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A Super Bowl ring, a Picasso painting and a 16th-century samurai sword have all found their way to the Gold & Silver Pawn Shop in Las Vegas. The store is featured weekly on The History Channel's popular "Pawn Stars," now in its second season. But it's friendly service and the availability of short-term loans that keep Cedar Valley brokers in business in Iowa. More


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