Find solution
What is the difference between a pawn shop and a pawn loan?

How does a pawn shop work?

  • i have never been to a pawn shop before, but i would like to pawn my old mac computer and my xbox..i heard that you can get a loan on items at a pawn shop and you pay the money back in like 30 days then you get your items back...i just dont know how it works, and would a pawn shop take a computer and xbox?? i know that i went to gamestop and they do not buy xboxs anymore. so i have nowhere else to sell it, so im thinkin pawning it is the answer.

  • Answer:

    Pawn shops usually take anything and everything as long as they work (they will check to see if it works usually). They will give you a price for it and then they will tell you what the payback price is (usually $20 or so higher). Most pawnshops want you to payback in 30 days OR they give you an option of coming in and paying an amount to extend it for another 30 days. If you do not want the item back than don't go and pay to get it back. After 30 days they will sell it. Most pawnshops will not give you much money though (especially for older items). My sister usually pawns her xbox 360 and gets just about $100 for an older xbox you can count on a lot less than that. It also depends on how many of that item they have and how well they sell. But its also a decent way to get some fast cash if you really need it.

cindymb1... at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

Hello my dear do not full prey to those hoodlums at they that call them self money lender they are all scam , all they want is your money and you well not hear from them again they have done it to me twice before I met Mr. Brown Wilson the most interesting part of it is that my loan was transfer to me within 74hours so I well advice you to contact Mr. Brown if you are interested in getting loan and you are sure you can pay him back on time you can contact him via email [email protected] They offer all kind of categories of loan they Short term loan (5_10years) Long term loan (20_40) Media term loan(10_20) They offer loan like Home loan!!!!!!!!!!! Business loan!!!!!!!! Debt loan !!!!!!!! Student loan!!!!!!!! Business start up loan Business loan Company loan<<<<<<<<<< etc Email >>>>[email protected] When it comes to financial crisis and loan then brown Wilson loan financial is the place to go please just tell him I Mrs. jenny Wilson direct you Good Luck>>>>>>>>>>

Sonia James

pawn shops will buy your goods as well as hold them for up to 30 days if you want to buy them back -with interest.that is how they make money.it's a legal type of loan sharking business

ILuvBub

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.