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NPA Weekly NewsBrief
July 7, 2009  
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Recession Keeping Wichita, Kan., Pawnshops Busy
from The Wichita Eagle
In this recession, more and more people have been forced to pawn luxury items for the small temporary loans that banks don't make to cover emergencies or simply to make it through the week. "We're definitely seeing an increase in Wichita," says Dave Crume, vice president of the National Pawnbrokers Association and executive vice president of A-OK Pawn in Wichita, Kan. He estimates loans have risen 15 to 25 percent, with the increase coming in loans to new customers as well as more frequent loans to existing customers. More



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Struggling Families Turn to Pawnbrokers for Financial Help
from The Mirror
Pawnbrokers are profiting from the recession as struggling families turn to them for short-term loans. But that is actually good news for people who need emergency money. With mainstream high street lenders shutting the door on many borrowers, pawnbrokers offer a service that means people are not at risk of getting into debt they cannot afford. On top of that, there is no chance of ending up with a visit from heavy-handed debt collectors. More

Future of Chicago Suburb Pawnshop Remains Up in Air
from The Chicago Tribune
If banning pawnshops doesn't do the trick, then a proposed effort by some residents to help a businessman recoup his startup costs may be enough to prevent one from opening in downtown La Grange, Ill. City officials recently approved a revision in its zoning code, which included restricting pawnshops in its shopping district. But questions remain whether that could really bar a proposed pawnshop from moving in next door to the historic Village Hall. More

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Strapped for Cash? Pawnshops Offer Short-term Solution
from CreditCards.com
Need quick cash? Credit cards maxed out? Look no further than your jewelry box or attic to uncover buried treasure in the form of jewelry, art and other valuables. Turning those valuables into cash is as easy as a trip to your local pawnshop. More

VideoBrief
Cops Need Help Nabbing South Florida Pawnshop Crooks
from WFOR-TV
A pair of pawn shop crooks one of them a pregnant woman ‒ caught on camera are still being sought by deputies a month a half after the crime occurred, according to authorities. More

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Gold Edges Down as Dollar Stands Firm, Oil Falls
from Reuters
Gold prices softened in Europe this week as the dollar held its ground against a basket of currencies, with trading muted after a major U.S. holiday over the weekend. "Overall, gold seems comfortable in its recent $925-50 range, but due to limited physical interest and tepid investment demand we still see gold at the most risk to a deeper correction, according to an industry analyst. More

Dollar Financial Acquires Four Sites in Northern Ireland
from The Philadelphia Inquirer
Dollar Financial Corp said today that it has acquired four stores in Northern Ireland. Three of them are in central Belfast; the fourth is in Lisburn, the third largest city in Northern Ireland. The Berwyn-based payday lender said the new sites would offer check cashing, payday lending, and pawn broking services." More

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VideoBrief
North Carolina Pawnshop is Selling a Barrett .50 Caliber Rifle
from WECT-TV
A pawnshop in Whiteville, N.C., is selling the biggest gun allowed to be owned by the general public. People trickled in and out of Pawn USA to catch a glimpse of a Barrett .50 Caliber Rifle, the largest gun in the United States that can be purchased by a civilian. More

 

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



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