The unpredictable economics of pawn stores
YouвЂ™re straight straight down on fortune, your funds are operating low, and youвЂ™re in serious need of some hundred dollars in cash вЂ” ASAP. The financial institution wonвЂ™t allow you to, together with cash advance spot wants a 400% yearly rate of interest.
YouвЂ™re straight down on fortune, your funds are operating low, and youвЂ™re in serious need of the few hundred dollars in cash вЂ” ASAP. The financial institution wonвЂ™t allow you to, therefore the pay day loan place wishes a 400% yearly rate of interest. All you couldвЂ™ve got left may be the gold pocket watch your great-uncle Chester provided you.
What do you do? You check out the pawn store.
On a yearly basis, some 30m Americans frequent the countryвЂ™s 11.8k pawn stores when you look at the hopes of securing financing in return for security. Continue reading “The unpredictable economics of pawn stores”
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