By: Hunter Stone
What is a Pawn Loan?
Pro's and Con's
PROS-Pawn loans provide you with instant cash
-Usually low interest Rates
-There are a wide variety of pawn shops that you can visit, making it easier to shop around and see what shop will give you a better deal.
-No credit checks
-If you fail to repay the loan, your item will be sold
-Extending loans can be very expensive
-Loans can be limited