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Connecticut pawnshop wants to be community asset
New Britain Herald    Share   Share on FacebookTwitterShare on LinkedinE-mail article
When the owners of New Britain Jewelry and Pawn in Connecticut opened last month they knew two things: there was plenty of competition and they wanted to be an asset to the community. "There are pawnshops that have a bad image because of the way they treat their customers," says Jay Hill, manager for owner Jessie Danacin. "We want to treat people the same way you would be treated in a bank — with respect." Although the shop area is small, Hill said they are planning to expand it by opening up more of the store for jewelry showcases, sporting goods and other items. More

The article Cash4Gold doesn't want you to read
The Consumerist    Share    Share on FacebookTwitterShare on LinkedinE-mail article
If you have any broken, ugly jewelry lying around in a drawer somewhere, you've probably taken notice of a company called Cash4Gold that promised to pay "top dollar" for your not-so-precious precious metals. If you're like us, you might have even seen a post on by a former employee exposing Cash4Gold.

The charge: Not so much "Cash 4 That Gold"
The New York Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The flashy ads have become a staple on late-night television, sometimes featuring figures like the late Ed McMahon or M.C. Hammer, trumpeting promises of quick dollars in exchange for bits of old gold jewelry. The company behind the ads is called — plainly enough — Cash4Gold, but Representative Anthony D. Weiner said that the company's business practices were not always straightforward. More

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Pawnshops dish out fast cash for workers with shaky credit
Investor's Business Daily    Share    Share on FacebookTwitterShare on LinkedinE-mail article
In bad times, those on the financial edge often turn to pawnshops and payday loans, conventional wisdom holds. But even during good times, millions of Americans are without a basic checking account. Others have an account but don't like the look, feel or services offered by the bank. More

New wealth in old gold
The Topeka Capital-Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Before you put your gold into an envelope and send it away for guaranteed cash, you might want to check with a local jeweler who also purchases the precious metal. In so doing, you could be like a Topeka, Kan., woman who got 20 times the cash. More

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U.S. Money Shops expands pawn center
PR Web    Share    Share on FacebookTwitterShare
on LinkedinE-mail article
U.S. Money Shops, a pawn and retail center located in Southeast Tennessee, is expanding its operations as a result of successfully re-branding the pawn image and offering a more customer-friendly approach to pawn transactions. More

Vote on pawnshop delayed in Georgia community
Gwinnett County News via The Atlanta Journal-Constitution    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Snellville City Council in Geogia postponed a vote on a proposed pawnshop to give the business owner more time to allay concerns of nearby residents. Hill Top Pawn Shop owner Paul Slifko has been operating his business out of shopping center since 1994. He wants to relocate and build a 5,500-square-foot facility on 2.5 acres. He is seeking a conditional use permit, a requirement of pawnshops in Snellville. More

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Fond memory of pawnshop
Louisville Courier-Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
In the Features section of March 21, Courier-Journal was an article on the history of the S.E. Davis Co. Pawn Brokers in Louisville, Ky., since 1935, by Katya Cengel. Four generations of the Davis family are involved in this business that is still in operation. The original pawnbroker was started by Henry Davis with a shop in downtown Louisville and it was the mention of this first pawnbroker in the Davis family that rolled back my memory to a time in my life when I could use a pawnbroker, Louisville resident Thomas Price writes. More

Pawnshops see bump in gold, personal loans
Fairfax Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Recession proof is how Fairfax, Va., pawnshop manager Kevin O'Dell describes business in his industry. It is always a buyer's market, he said — it just depends on who the buyer is. In a good economy, pawnshops like Route 50 Gold & Jewelry in Falls Church, Va., where O'Dell works, benefit from customers looking to purchase brand-name, new-to-you jewelry for heavy discounts. In the current fiscal slump, the pawnshop is stocking up on inventory, with gold as its standard. More

Pawnshops see revival in bad economic times
The Associated Press via The Roanoke Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The back room of Vinton Pawn Shop Inc. in Roanoke, Va., looks like a pirate's cove, a hardware store and grandma's attic combined as one. It has shelves of fishing poles, chain saws, weed whackers, hunting rifles, guitars in cases, vaults of engagement rings and gold necklaces, a slot machine and a Rascal scooter. With 13,000 square feet of storage, there's hardly room for more stuff. More

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Personal spending rises in February
CNN Money    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Personal spending rose for a fifth straight month in February, while personal spending was virtually unchanged, according to government data. The Commerce Department said individual spending rose 0.3 percent, or $34.7 billion last month. The figure was in line with the 0.3 percent rise economists expected, according to a consensus compiled by More

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Amid the economic crisis, Russians turn to pawnshops
The National    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The clients who descend into Nadezhda Sedova's basement pawnshop often unload their problems along with their valuables. Some are struggling to pay for medicines, others are living paycheck-to-paycheck, still others need a cash injection for a much-needed holiday. More

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