2007-04-06 11:27:13 · 8 answers · asked by flu269269 2 in Social Science ➔ Psychology
Try these sites:
http://www.foxjewelryandloan.com
http://www.Dealtime.com
http://www.pawnshops.net
2007-04-12 22:57:11 · answer #1 · answered by Anonymous · 0⤊ 0⤋
They count on the majority of the people who pawn an item to not claim it. Then they resell it at a higher price than what they gave the person originally. The psychology of it stems from the fact that few people are willing to pawn something extremely meaningful. Most are embarrassed to be in a financial position where pawning is necessary, so they usually do not come back to claim the item.
2007-04-06 18:37:49 · answer #2 · answered by arkiemom 6 · 0⤊ 0⤋
Two ways. If the pawned item is redeemed, interest is charged on the loan. If not, the collateral will be sold, presumably for more than the loan amount.
2007-04-06 18:30:32 · answer #3 · answered by Anonymous · 2⤊ 0⤋
By charging intrest on loans, and by purchasing items at a low price and reselling them at retail.
2007-04-13 16:13:22 · answer #4 · answered by The Forgotten 6 · 0⤊ 0⤋
They "buy" things for next to nothing & sell them for a reasonable price. If it's a loan, the interest is astronomical.
2007-04-06 18:39:33 · answer #5 · answered by shermynewstart 7 · 0⤊ 0⤋
you pawn something you get some money if you dont clame that item by a date you loose that item and they sell that item for a greter value
also you pay intrest on a pawned item when you go to buy it back
2007-04-06 18:35:15 · answer #6 · answered by john M 3 · 0⤊ 0⤋
by paying 20% of an item's worth
2007-04-12 20:54:25 · answer #7 · answered by Mon-chu' 7 · 0⤊ 0⤋
buy low and sell high
2007-04-06 18:34:53 · answer #8 · answered by mnorth12 3 · 0⤊ 0⤋