How do pawn shops work?

Answer by  HawaiianGirl (6906)

Pawn shops are where people pawn items which means they put an item as collateral in exhange for money, tey get the item back when they pay the money back.

Answer by  mightyspidey (1080)

1) Bring something to sell, they will make a cash offer. 2) bring an item to HOLD, and they'll give you a loan. Payback the loan, get your item back.

Answer by  tamarawilhite (17883)

You take an item to the pawn shop and receive a loan with that item as collateral. If you don't pay it back in time, they sell the item.

Answer by  tamkees (3203)

You take out a loan using something you own, like jewelry, as collateral. If you can't pay back loan plus interest, then the the pawnbroker gets to sell it.