According to Chinese records people have been pawning their property since around 200 B.C. During the Western Han Dynasty a person could get a small loan with low interest against their own personal property.
THE INS AND OUTS OF A PAWN LOAN
People have been pawning their valuables for at least the last 2000 years and thanks to reality TV pawn shops have gained their own little spotlight in the public eye. That being said, there are still a lot of misconceptions about what pawning is and how these loans actually work. I own a pawn shop […]