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Home   About   Membership   Resources   Government Affairs   Meetings & Events Dec. 7, 2010

Sick of giving the same old gifts? Try a pawnshop
WIAT-TV    Share   Share
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Sick of giving the same old gifts, year after year? This Christmas, get a little creative! "You never know what you'll find in a pawnshop. It's a great place to shop and get good deals," said Gene Paul, owner of Delta Pawn Shop in Birmingham, Ala. From mannequins and mink coats, to watch fobs and nuns, weird inventory is never out of stock. Especially antique pictures of stern-looking men. More beats pawnshops on all fronts
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According to the National Pawnbrokers Association (NPA), the recession has caused an upsurge in popularity of pawnshops. There are now over 900 pawnshops in the U.K. and this number is growing at 10 percent a year. About 3 million Britons don't have a bank account at all and many more find it hard to get credit cards and overdrafts because of poor credit ratings. They seek refuge in this old fashioned form of credit to make ends meet without realizing that they can often get more than twice as much for their unwanted gold by selling it to More

Albuquerque, NM, police and pawnshops partner up to catch thieves
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Police detectives have seized thousand of dollars worth of stolen property in a week-long sweep of Albuquerque, N.M., pawnshops and several pawnbrokers are vowing to help crack down on those pawn shops not holding up their end of the bargain. Albuquerque Police Chief Ray Schultz tells KOB Eyewitness News 4 that the department has forged a new alliance with pawnbrokers in the city's ongoing crusade against property crime.


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Don't sell your stolen loot in Shelton, Conn.
Valley Independent Sentinel    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Shelton Police Department in Connecticut is looking out for grandma's stolen wedding ring — and any other hot precious metals that can be pawned or scrapped for cash. The police department wants to tighten the city's pawnbroker ordinance to help the department recover the goods faster. The proposed changes could also help make sure temporary precious metals dealers — like weekend "cash for gold" conventions — have a harder time setting up shop in town, said Chief of Police Joel Hurliman. More

New Hampshire pawnbrokers see seasonal surge
The Eagle Tribune    Share    Share on
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Would you like to buy a diamond ring, a telescope, a snowboard, a flat-screen TV or some Xbox video games for a good price? If you're willing to buy them used, pawnshops have an influx of goods around the holidays from people who need the cash to buy new gifts for family and friends. More

Foes rip Brooklyn neighborhood pawnshop in New York for
bling-glorifying mural, name

The Daily News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A controversial Crown Heights pawnshop has found a new way to irritate neighborhood foes — picking an unpopular name and decorating its storefront with a flashy bling-themed mural. Eugene Josovips changed the name of his planned store from Community Pawn Brokers to Crow Hill Jewelry — in what some see as a slap to the Crow Hill Community Association, which led protests against the business. And he decked out the front of the shop with an eye-catching mural that features stacks of cash, piles of gold, and a baby wearing a massive gold dollar sign around its neck. More

Eastern North Carolina pawnshops not like those on TV
ENC Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
As the holidays approach, many people in Lenoir County are forced to find ways to pay for gifts. With five pawnshops, it's a little easier to afford presents for loved ones. With the popularity of television shows such as The History Channel's "Pawn Stars," these stores are becoming a more suitable alternative to the holiday burden. More

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Pawnbrokers' booming trade as residents struggle to pay bills
The Hounslow Chronicle    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The recession and the build up to Christmas are resulting in a booming trade for Hounslow pawnbrokers in London. Staff at the shops across the borough has reported a rise in the number of customers as the pressure of Christmas puts added strain on already cash-strapped families. Manager of H&T Pawnbrokers Ullaskumar Jani, said: "We are really busy at the moment, because of what's going on with the recession and also Christmas. Loads of people are coming in to sell things saying that they really need the money." More

Gold Coast Jewelry and Pawn opens in Long Island, N.Y.
Dix Hills Patch    Share    Share on
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Anthony Cutrone for years ran a commercial printing business. But the growth of the Internet over the past several years diminished his business and Cutrone needed to find something new. His choice? A pawnshop. Cutrone recently opened Gold Coast Jewelry and Pawn. The store is Dix Hills first pawnshop and Cutrone feels he will be offering the community a service that is much needed. More

Authorities in Asheville, NC, are requesting new ordinance for pawnshops, second-hand dealers
Asheville Citizen-Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Asheville city police in North Carolina are requesting an ordinance amendment requiring pawnshops and second-hand dealers to submit transaction records to a national computer database. Police said the amendment will streamline the process that pawnbrokers use to provide law enforcement with transaction records that can be reviewed for stolen property. More

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Dollar Financial to buy Sweden pawnshop chain
Philadelphia Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Payday lender Dollar Financial Corp. said that it has agreed to acquire Sefina Finance AB, a Scandinavian pawn lending business with headquarters in Stockholm, Sweden. Dollar Financial said it would pay roughly $73 million, of which about $58 million would be cash paid at closing, with the remaining $15 million of additional cash to be paid in installments during 2011. More

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