Although the pawn industry has seen significant growth in recent years, it has been around for thousands of years.
With pawn shops in Imperial China dating back 3000 years, pawnbroking has a long history.
They were also popular in ancient Greece and Rome. The crown jewels of Spain are thought to have been pawned to pay for Columbus’ trip to America.
Pawnbroking was unlicensed in the beginning, and interest rates were typically very high.
Pawnbrokers, on the other hand, became an extension of the banking system in the 1980s, but without the same barriers as a typical bank.
Pawn shops are becoming attractive and pleasant venues to conduct business. The stigma that has accompanied us for centuries is giving way to the truth of our profession.
We’re here to assist clients that require a short-term cash injection without compromising their credit.
Buyback Loans Gold Coast pawnbroker is here to assist in anyway we can. Click here to in contact here today!
