2007-05-22 03:07:00 · 4 answers · asked by Fruitful 1 in Society & Culture ➔ Community Service
You bring the item in that you want to pawn. They give you a seriously undervalued price for your item. Say a stereo would probably go for less than 100.00.
You keep the pawn ticket and have 30 days to get it out of hock. If you don't pick it up within 30 days, the pawn shop has the right to jack the price up and sell your item.
You will need a photo ID when you bring an item in to pawn, to make sure it isn't a stolen item.
2007-05-22 12:33:30 · answer #1 · answered by Big Bear 7 · 0⤊ 0⤋
The pawn shop is basically loaning you money, and you leave your electronic gadget with them as collateral. You give them the item, they give you money and a ticket which you'll use to reclaim the item (should you choose to). If you pay the pawn shop back within the allotted time (plus interest on the money borrowed), you get your stuff back; otherwise, the item now belongs to the pawn shop, which they can then sell as they see fit.
2007-05-22 03:12:27 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Well, first you have to steal it from someone or a retail organization. Then, you have to be able to lie about where you received the merchandise from. Pawn Shops should be closed. Over half the items in these are stolen. They are a great way for thieves to get rid of stolen property quickly....
2007-05-22 03:13:30 · answer #3 · answered by Robert B 2 · 1⤊ 1⤋
LOL I was going to answer but I cant out answer Robert!
2007-05-22 07:10:49 · answer #4 · answered by TxBeautyQueen 6 · 0⤊ 1⤋