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Our professional pawn brokers are experts in lending you more for your stuff. At Cash Canada, we can offer you a loan over your jewelry, gold, electronics, smartphones, tablets, computers, sports goods and more. Check out our most popular categories below. Pawn shops have been around since the 1500s in Italy where the concept pacific cash advance los angeles introduced by the Medici family in an effort to provide a credit source to the unbanked.
Read more. The 4 most frequently asked questions about pawn shops. What is a pawn loan. How does a pawn loan work. Pawn loans are a simple form of collateral credit. Pawn loans are given in exchange for an item that the pawnbroker, thats what we call the person who gives the loan, holds onto as security, or collateral, until the loan is paid back.
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The lender then takes the fees and the loans never arrive.