Sample - Alternative Credit

by Robertson
Last updated 7 years ago

Discipline:
Social Studies
Subject:
Economics
Grade:
9,10,11,12

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Sample - Alternative Credit

How Pawn Shops Work

Pawn shops offer short-term loans using your possessions as collateral.

Interest rates and fees can vary based on your location. When you pawn the item, you get a claim ticket. The shop bases your loan amount on the value of the item.

Pawn Shops

Pawn shops in Stockbridge:Ed's Pawn ShopCash America Pawn

Pawn shops in Stockbridge:Ed's Pawn ShopCash America Pawn

AdvantagesNo credit checkWon't be part of your credit history

DisadvantagesLoan will be for less than theshop expects to sell the itemIf you can't pay, you lose the item

Sources:http://www.ehow.com/how-does_4673240_do-pawn-shops-work_.html


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