New study finds most payday borrowers can't repay loans
The Plain Dealer The Plain Dealer
A staggering 86 percent of payday loan customers can't afford to repay their loans from their monthly household budgets, according to a new study from Pew Charitable Trusts. Payday loans are marketed as a short-term solution to a cash crunch, but the high costs and short repayment times make them months-long liabilities for most borrowers, Pew found.
See related story:
Pew: 2 week payback time unrealistic for most payday loans (ConsumerAffairs)
Oklahoma pawnshop offers cash for ammo
Threats of increased gun control sparked a nationwide buying spree on guns and ammo to the point where the supply is so low some are calling ammunition a hot commodity. At Oklahoma Coin & Gold in Oklahoma City, Chelsey Davis deals in diamonds, silver, gold and now there is a new offer on the table. Bullets are now big business for Davis, who is hoping to cash in on the ammo shortage.
Counterfeiting is a conundrum for manufacturers, retailers, and consumers
U.S.News & World Report
Everyone knows money can be counterfeited, and savvy adults understand that a super-cheap Gucci purse sold at a flea market is likely a fake. But these days, almost any purchase can be counterfeit. If you aren't careful, you can buy counterfeit computer products, electronics, furniture, auto parts, toys, shoes, cigarettes, exercise equipment, batteries, sunglasses, and, as the TV ads say, much, much more.
New Arkansas law for pawnshops?
Pawnbrokers are the subject of new legislation at the Arkansas State Capitol. The businesses would be required to electronically upload their customer records to assist in the investigation of crimes, if House Bill 1369 passes. Many pawnshops already use electronic records, but some in rural areas do not. William Lulky is the owner and operator of National Pawn in North Little Rock, a family-owned and operated business since 1945.
J&R Antiques, Collectibles, Pawn opens in downtown Martinsburg, W. Va.
When the father and daughter team of Robert Eaves and Jill Spickler were moving their business in downtown Martinsburg, W. Va., they discovered some old advertisements and a cash box from when it was Emmert's department store. R&J Antiques, Collectibles and Pawn Shop features Civil War items; coins; glassware; ceramics and pottery; housewares; toys; furniture; antique and contemporary guns; lawn and garden machinery; memorabilia and collectibles of all sorts and varieties.
Looking to share your expertise?
In an effort to enhance the overall content of NPA Weekly NewsBrief we'd like to include peer-written articles in future editions. As a member of NPA, your knowledge of the industry lends itself to unprecedented expertise. And we’re hoping you'll share this expertise with your peers through well-written commentary. Because of the digital format, there's no word or graphical limit and our group of talented editors can help with final edits. If you're interested in participating, please contact Colby Horton to discuss logistics and payment.
What's next for gold prices?
U.S. News & World Report
With gold prices falling, investors are struggling with the question of whether the decline is a temporary lapse in an ongoing bull market or a sign of more trouble to come. In 2011, gold rose above $1,900 per ounce. … In the last month alone, gold prices have slipped by 6.8 percent. Even with the recent dip, however, gold is still up 67 percent over the past five years.
North Carolina bill would make payday loans legal (WGHP-TV)
3 simple (and free) SEO tips (Inc.)
Feds investigate theft of guns from Missouri pawnshop (Springfield News-Leader)
Microsoft's Outlook takes aim at Google's Gmail (The Associated Press via Fox News)
Don't be left behind. Click here to see what else you missed.
New pawnshop in Monroe, Ga. sees brisk trade in arms and ammunition
Paydirt Pawn in Monroe, Ga., has been open for a couple of months, but had its official ribbon cutting on Feb. 21. The store has a wide range of items that it buys, sells and trades. Included are coin and knife collections, Jewelry, collectibles and items such as children's toys from times long gone. It also carries a range of arms and ammunition that owner Larry Balkin says has proved to be a hot item for the store.
Get back more free time: 3 tips
There are things you love to do and things you have to do. Eventually everyone finds there is precious little time to do all of both. The only way out of this conundrum is to delegate the Have To tasks to someone else. This is harder than it sounds for most people. Whether you're trying to pass on a task to an employee, colleague, or even a family member, there are two basic reasons you don't delegate a task you dislike.