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Best Collateral Special Message

Updated June 16, 2020 First and foremost, we hope you are safe and well in these unprecedented times. From COVID-19 to the tragic death of George Floyd, our communities have been upended in 2020. We understand the anger, frustration, and despair – we feel it too.   San Francisco SoMa District  The Best Collateral location in Read More »

History of Pawn Shops in America

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

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?

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 »