However, they also have pressing bills and unforeseen financial issues.

The House of the Lombard operated pawnshops throughout Europe in the Middle Ages. Their symbol for operations, three gold balls, still remains a trademark of pawnshops. For a time, certain usury laws imposed by the Church prohibited charging interest on loans and limited pawnbroking. But because of problems in the banking system and economics necessity, pawn broking made a resurgence.

During the 14th century, the House of the Lombard  even counted royalty, such as King Edward 111 of England, among their clientele.
Many of the first leaders in the banking industry had roots in pawn broking. And today, statutory regulations of banking and finance are based on the legal foundation established by pawnbrokers.

Pawnbrokers are also known as collateral loan brokers because they make loans, based purely on the value of the collateral, not on the customer’s credit history. If the loan, or at least the interest, is not paid off during a specified term (usually three to four months), then the item is forfeited and may be resold by the broker.

A typical transaction begins with a potential borrower bringing an item he/she wishes to pledge into a pawnshop. The pawnbroker then determines how much to loan the patron for the item. Loans are paid out based on the item itself ie age,current value, condition etc.for the sale of a good during the worst times to assure that a profit will be made.

We are the original owners and have been here from day one.  We are not affiliated with any other chains by the same name or any other Pawn Shops.  Altho we do work with other Pawnbrokers to try to make the pawn world a better place for all of our customers!