When discussing the topic of payday loans — or other high-cost, short-term financial products like auto-title loans and check-cashing — there can be a tendency to treat them like something that only a small percentage of Americans use. But a new report from the FDIC confirms that 25% of us have turned to one of these potentially predatory services in the past year, and that this rate has not been going down. [More]
Trading in an old video game isn’t that complicated. Once you finally figure out what you did with the box (it’s under the old coffee mug) and get the cat hair off the disc and put the two together, it’s just a matter of bringing it down to your local GameStop and getting your pennies back so you can buy another game. But in one city, GameStop now won’t just collect your old games — they collect your fingerprints along with them, too. [More]
Eight years ago, it seemed like everyone in New York City was operating a hedge fund, and many of those suddenly rich folks splurged on necessities like rare bottles of wine. Then things went sour and these briefly wealthy types had to relocate the contents of their wine cellars to a storage unit. Realizing that cash-in-hand may be more helpful than bottles of wine they may never drink, some are using their prize wine collections as collateral on short-term loans. [More]
When you need cash quickly, selling or pawning something that you own can be a good option. Generally, though, you want to make sure that it’s something you actually own, and not something that you just got from Rent-A-Center. [More]
A lot of consumers are concerned — and not without reason — that their personal information is being passed around like bottle of cheap wine around a campfire. At the same time, it feels like more retailers are asking for this sort of information on everything from purchases to returns. [More]
Remember that bank executive who worried he wouldn’t be able to afford to send his children to an exclusive private school and afford his family’s summer rental home in Connecticut? Maybe he should consider a high-interest loan from one of these pawn stars for the wealthy. [More]
Smart shoppers look everywhere they can think of for a good deal. But does that include heading to the local pawn shop to see if they can scrounge up a good bargain when looking for holiday gifts? [More]
Last week, we brought you a marketing ploy by one Albany pawn shop looking to expand its customer base by giving spurned mothers a way to get back at their exes. Now, Consumerist reader Brady sends us a photo of a Georgia shop that is trying to limit certain people — namely those who smoke crack cocaine — from entering. [More]
Getting revenge on an ex can be tempting, and this pawn shop in Albany, NY, seems to be tapping into that desire for comeuppance in its new storefront marketing campaign. [More]
This sign spotted outside of a pawn shop in Wheat Ridge, Colorado, raises all kinds of questions. Such as: now what for Christmas? Now hiring for Christmas? Now buying artificial conifers for Christmas? Now cleaning out our warehouses for Christmas? We need more clarification, EZ Pawn.
If you’re trying to sell or trade used games in Florida, expect to be treated like a registered sex offender or a diamond fence. The state legislature passed a law in October that classified video game trade-ins as pawn shop items, requiring businesses to take thumb prints and in-depth personal information from customers. Thew NewTimes Broward-Palm Beach reports a county sheriff is cracking down on game shops to make sure they follow the law.
Pawn shops are becoming an unlikely source of great deals thanks to the ongoing non-recession thing, according to CBS. Where else can you turn pop’s old watch into last month’s overdue rent check? We always see pawn shops as a half-step up from dumpster diving, a semi-acceptable sad-land where each abandoned item comes with a free story and a frown.