2007-06-29 11:59:25 · 7 answers · asked by Sparkle 1 in News & Events ➔ Other - News & Events
It's a loan with your porned item as collateral. If you dont want the item then it's waste of time/money porning.
eg. You have a watch worth £100 the porn shop gives you £30 to you and a month to redeem it You will have to give £40 to get it back. Or walk away and keep the 30 and the porn broker keeps the watch.
2007-06-29 12:10:40 · answer #1 · answered by Anonymous · 0⤊ 0⤋
When you pawn something you're using it as collateral for a loan. Say you bring in a camera. If the camera is worth $300, they will lend you $100 or $150 on it. They keep the camera and you can get it back by paying back the money, plus a little extra. If you don't come back for it in a certain number of days, it belongs to them.
They usually know what they can sell your camera for, and they will never lend you anywhere near that much, usually half or less of what they can sell it for. So getting money by pawning something and leaving it there is not a good deal for you at all. It's a good deal for -them-. You could have sold it on Craigslist for more. Craigslist is an especially good deal because it's -free-!
Pawnshops are sort of old fashioned these days. Back decades ago, they were the only place some people could borrow money. But today if you have any credit at all you can borrow money on a credit card. That's not a good deal either, because you pay high interest, but better than a pawn shop. Also a lot of people try to pawn stolen stuff so pawn shop owners are always really suspicious.
2007-06-29 12:11:39 · answer #2 · answered by Anonymous · 1⤊ 0⤋
You just walk into a pawn shop and say you would like to pawn so and so item. If it is small enough to carry you put it on the counter and let them see it. They will make you a very very low offer and you decide if you are willing to take it. A pawn shop will usually (read almost always) low ball you so if you are looking for "blue book" value you might as well try to sell it. You could try eBay or craigslist. If you just want to get rid of something and you don't care if you get any money or not, then you can probably do OK with a pawn shop.
2007-06-29 12:07:07 · answer #3 · answered by JLR 3 · 0⤊ 0⤋
When you pawn something they give you much less than what it is worth. You have the option to go back and get your mdse and if you dont' the dealer will sell your mdse at a discounted rate to get his money back and make a profit. I would opt for selling it myself you will get much more money. The only way a pawn shop is a good idea is if you have to have money immediately and you know that you will have the resources to go back and pick up the item.
2007-06-29 13:01:43 · answer #4 · answered by seymoretowns 3 · 0⤊ 0⤋
You are best selling it. You will get more for your item than you would pawning it. I would never pawn my goods again, they are a rip off. I always sell my items.
2007-06-30 03:44:06 · answer #5 · answered by CT 6 · 0⤊ 0⤋
Only if you want to get a fraction of its worth. Those places are only good at 2 things - Giving you pennies and then making a profit real quick.
2007-06-29 14:38:38 · answer #6 · answered by Williamstown 5 · 0⤊ 0⤋
I think it might be better to just find a buyer on Ebay.
2007-06-29 13:31:00 · answer #7 · answered by Anonymous · 0⤊ 0⤋