Apparently, the pawnbroking industry is growing at a rate of 10% a year, as people who are unable to get credit turn to pawning their possessions to get by. But pawnbrokers' customers can find themselves paying interest rates of 84% APR! So it's a very risky way to borrow.
Has anyone ever used a pawnbroker, whether the old-fashioned traditional type or the new-style Cash Converters type of place? Would you ever consider using one?
Has anyone ever used a pawnbroker, whether the old-fashioned traditional type or the new-style Cash Converters type of place? Would you ever consider using one?
