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Pawnbrokers see influx of clients who fear banks

from Financial Times

Worsening financial hardship is driving custom back to the pawnbrokers, but their shops have moved on from Victorian times. As well as pledging jewelery, most operators offer gold buying, unsecured loans, prepaid credit cards and check cashing to the credit-constrained. The industry has been boosted by record gold prices and increased demand for loans by "subprime" clients to whom banks will no longer lend. more


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