Pawn shop loans are an alternative if you have valuables and need money fast. They’re more expensive and less flexible than traditional financing, though, and they don’t help you build credit. Here’s ...
Rent was due soon but Brian McGhee could not afford to pay it. Like many Georgians under financial duress, the barber handed over the title to his automobile and borrowed money against it. McGhee, 36, ...
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A pawn shop loan is a type of secured loan you can get at a local pawn shop. The shop gives you cash in exchange for holding on to something you own. You’re essentially guaranteeing the loan with an ...
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What is a pawn shop loan? Understanding the basics
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Title-pawn shops are highly concentrated in the poorer neighborhoods near Robins Air Force Base and near Fort Benning. “It’s an abundance of them over here,” said Alice Womack, a thrift-store clerk in ...
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