PawnNerd.com started as just a blog developed to answer questions about the pawn industry. Since then, it has grown considerably and has gone through an incredible update. We are now in a position to offer much more detailed content and answer your questions regarding pawn shops, how they operate and what you can expect when you visit your local pawn broker.
Some Pawn Shop Basics
Simply put, a pawn shop is a business that offers you a secured loan by using your personal items as collateral for that loan. People often use gold jewelry, professional brand name power tools or even electronics as collateral to get their loan.
Pawn broker is the formal definition of a pawn shop or it’s owner(s). The pawn broker and their staff are the people you will be working with directly when making your loan.