Pawn Broking

Most people used a pawn brokers at some time; whether to borrow money for something to eat or buy a new pair of shoes. To place an article in pawn was a quick way to raise a loan. The article was security for the loan. The amount loaned was based on the re-saleable value. There would be charges incurred i.e. a ticket charge plus interest.

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Reference: 430
Keywords: Pawn Broking Loans 2000c MCOL BCLM
Archive Ref: Borrowed out of shop "Pawn Broking in the Black Country" by John A Wilkinson BCM 1991 4.859
Updated: 6/9/2001 11:22:31