America’s Un- and Underbank A recent report from the FDIC indicates that approximately 23.2 million Americans do not have a bank checking account. As a result, for these Americans, pawn shops can operate as “mini-banks,” providing collateral loans for consumers in need of financial assistance. Even for consumers that do have checking accounts, many face Read More »
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Selling gold items is a great way to generate cash.
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Collateral loans are a type of secured loan. Read on for more information about collateral loans, secured and unsecured loans and more.
Bay Area Pawn Shop & Retail Chain Acquires Two New Locations
Collateral Loans vs. Others Types of Loans At Best Collateral our customers often ask us the difference between collateral loans and other types of loans. Collateral loans are a type of secured loan. Read on for more information about collateral loans, secured and unsecured loans and more. A loan is a financial instrument used to Read More »
5 Tips to Selling Gold Many U.S. consumers have found that selling gold items is a great way to generate cash in a down economy. The following gold items may have value that you have not considered: bangles and bracelets, broken jewelry, chains and necklaces, pendants, brooches, earrings, coins, rings, charms, and cufflinks. If you Read More »
Bloomberg News recently published an online article chronicling the rise and development of pawn shops in the U.S. since the 19th century. The article also cites some of the earliest known pawn loan amounts. Source: Bloomberg News Online The first places in the U.S. to identify themselves as pawnshops, usually marked by a sign showing Read More »
Five Reasons to Visit a Pawn Shop If you haven’t been to a pawn shop in the neighborhood, you’re way behind the times. Pawn Stars on History Channel has proven what we at Best Collateral have known all along: pawn is cool! Still not convinced? Here are five more reasons why you should visit a Read More »
What are the federal laws that regulate the pawn industry? Internal Revenue Service Form 8300 Bank Secrecy Act U.S. Office of Foreign Asset Controls’ “Specially Designated Nationals” Regulations USA PATRIOT Act U.S. Financial Crimes Enforcement Network’s “Precious Metals Dealers” Rule Truth in Lending Act Gramm-Leach-Bliley Financial Services Modernization Act of 1999 (GLBA) FTC/CFPB Privacy Regulations Read More »