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To protect yourself you should know that NOT all pawnbrokers in
this area are the same.
Some businesses
calling themselves pawnbrokers are not real pawnbrokers at all.
They avoid licensing and state regulation by being "Buy/Sell" shops.
They actually buy your merchandise from you and give you an option
to buy it back after 30 days. This can cost you 20% or 30% or even
more. Just for one month. This is the equivalent of two hundred
and forty percent interest or more per year.
Also, many of
these "imitation" pawnbrokers only allow you thirty days to buy
back your merchandise at inflated prices, or else you lose it ...
without warning.
How can you
protect yourself against this kind of operation? Insist on borrowing
only from a licensed,
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State-regulated pawnbroker. Do not accept or sign any contract which
specifies "30 days" or "Buy/Sell".
In this area,
the fairest loans are made by NATIONAL PAWNBROKERS, In Arlington.
They are a "real" pawnbroker. Their loans are confidential, their
interest rates are as low as 5%, and loans need not be repaid for
four months. If you wish, you can renew you loan as often as you
like, by paying only the interest. And NATIONAL PAWNBROKERS always
sends you a courteous reminder letter when you loan is coming due.
If you have
some collateral merchandise, you can safely borrow any amount of
money From:
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National
Pawnbrokers takes pride in serving the metropolitan area of Washington,
D.C. with fairness and trust. Family owned since 1939, we are staffed
with G.I.A. graduate gemologists, certified appraisers and are active
members of, N.A.J.A, N.J.A., N.P.A, and JBT listed. We have earned
the reputation of treating our clients with honestly and confidentiality!
Offering
quick 4 month renewable loans from as low as 5% per month to meet
your short term cash flow needs. We even send out courtesy reminder
notices to keep you aware of upcoming renewal dates in case you might
need an extension.