An average pawnshop loan is around $a hundred, much smaller compared to the common loan gotten regarding a payday lender

Pawnshop finance often have a term of just one day and you can a keen mediocre fee out-of $20 each $one hundred borrowed, and therefore usually means an ; Drysdale and Keest 2000). 4 When the an effective pawnshop buyers struggles to repay the lady financing, she forfeits the brand new pawned item to the bank, just who will get sell it. Read more