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A brief history of the American pawn shop

posted by Jason Kottke   Feb 13, 2012

Wendy Woloson on pawn shops, which are currently getting the reality TV treatment.

According to the National Pawnbrokers Association, a trade group, there are now more than 30 million pawnshop customers per year. The value of the average loan in 2009 was $100, up 20 percent from the previous year. About 80 percent of pawners pay off their loans and redeem their collateral, though redemptions are on the decline.

(via ★whitneymcn)

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