Popular Misconceptions about Pawn Shops

There tends to be a kind of a stigma attached to the very title of “Pawn Shop”. Over the years though portrayals in TV, movies, news media, even friends, neighbors and family the pawn industry had gained a rather seedy reputation of being a lower end genre of store which fenced goods, sometimes even stolen merchandise. It simply wasn’t viewed by most as the kind of place the majority of society shopped.

This simply is not accurate.
Lets take a look at what MYTH vs. FACT when it comes to the Pawn Industry.

MYTH: Pawn shops buy and sell stolen goods.

FACT: Pawn shops abide by all local, state and federal laws. They are specially licensed and work with the police to prevent the selling of stolen merchandise. All transactions are accompanied by the seller presenting not only a valid photo ID, but also stamping the contract with a finger print. All merchandise received in is carefully catalogued for inventory purposes in cooperation with the local authorities. The police regularly compare serial numbers against items reported stolen, enabling the return of recovered merchandise to the rightful owner whenever possible.


 

MYTH: The clientele pawn shops attract are sleazy undesirables.

FACT: The typical loan customer who comes in and pawns an item is local to the store and just happens to need a cash loan in the short term for unexpected expenses. It isn’t usually a lack of employment or income that drives them it, its lack of savings. They are living check to check like most of America and occasionally those checks or pay period times run a few days short.

FACT: Pawn shop shoppers are bargain hunters! Why pay retail when gently loved merchandise, which seems new anyway, is often times available at hugely discounted rates?


 

MYTH: Pawn shops operate as they please, unregulated.
 
FACT: Pawn brokering is actually a heavily regulated business. In fact, at the local or state level, most pawn brokers are required to be licensed and regulated. At the federal level, they follow rules from the Bureau of Alcohol, Tobacco and Fire Arms (ATF) and are regulated by the Federal Reserve Board almost in the same ways as banks. They are also required by the Patriot Act to check all customers against the Treasury Department‘s database of known terrorists. Attempting to sell stolen goods to a pawn shop really isn’t a smart move!


 

MYTH: Pawn shops are the last resort for people with bad credit to get loans.
 
FACT: Customers find that loans from pawn shops are better than borrowing money from a family or friend. Plus, it’s quick, confidential and a customer gets part of the value the pawnbroker believes the collateral would bring in if sold. Sure, the loan to collateral ratio varies depending on the type of goods pledged, but a loan of 30-50 percent of the resale of the collateral is pretty common.

MYTH: Pawn shops hope you don’t come back for your pawned items so that they can sell them.
 
FACT: Pawn shops have limited space to store everything. They are gaining the interest on your loan, not to steal your belongings. All pawned items are carefully catalogued and tracked. Here at First Pawn we double check by calling you if you have not come back in for your items prior to considering it as inventory and a closed loan.


 

MYTH: People only pawn items when they don’t want them anymore and don’t really care if they get them back.
FACT: Pawn loans are far faster and more easily granted than trying to work with a bank based on credit. Pawn loans are the only credit product that have ever been available that give the borrower short term cash, obligation free.


 

MYTH: Pawn shops don’t really have good brand name merchandise, its all just used junk.
 
FACT: We live in a fast paced, high tech society. Upgrading is the standard. We all want to keep up with the Joneses. When the new iPhones come out, the newest gaming console, or the bigger better badder TV we are where the second to last model may end up, BUT we also have top end state of the art merchandise as well, we are ready for you to come in and up grade! Even diamonds are “upgradable”. Customers trade in their old “whatever-it-might-be” and it helps to significantly offset the cost of the newer shinier version with more bells and whistles. The fact is that shopping and upgrading at a First Pawn can save you huge amounts of money.



 

Tv shows featuring high end pawn shops such as Pawn Stars are helping to break the myths and present the reality of daily business in the pawn industry. It takes a vast amount of knowledge over a wide gamut of subjects, strict adherence to laws and regulations, a high level of personalized customer service and a careful inventory system to make a shop successful.

Here at First Pawn Jewelry and Loan, we take pride in our business. We appreciate our customers and want you to have the very best experience possible. If you are looking for something special or just need a little extra cash, come in today and talk with us. We are located at 886 Airport Rd. S. Naples, FL 34103. We can be reached at 239-434-7296. or by visiting www.firstpawn.com

Originally Published: http://firstpawn.com/blog/2016/01/22/popular-misconceptions-pawn-shops/

Removed from Reality

The fascination we, as a society, have with observing other peoples lives from the sidelines has gone from merely entertainment to crossing the line of dangerous passivity.

Reality TV has given us all a voyeuristic window into the lives of others that has never been had in the past. There have always been nosy neighbors and gossips but now you don’t even have to get together with your friends, or even go out of your house. Just flip on the little box in your bedroom, living room, TV room, even bathroom and you can see in full color the drama and strife of other peoples daily lives.

No more need for writers, actors or even talented people at all. The only qualification seems to be vanity, a need for attention and to be vaguely attractive. Are you a total hot mess with a seriously screwed up life? Great! Video yourself, upload and apply! We can make you famous!

This is blurring the lines of reality.

What’s right?

What’s wrong?

What’s acceptable?

What’s sociopathic?

Apparently all of it and all the better if you happen to be able to capture someone doing something on your phone so you TOO can profit from it, whether it be monetarily or through the second hand attention of “likes” and praise online with YouTube or social media.

When did it become funny to watch people hurt themselves over and over and over again?

How many people can hit themselves in the balls with a bat, a golf club, a basket ball before you lose interest? Apparently for most of you the amusement goes on and on…

Yet I bet if it was you? You wouldn’t think it was so funny.

I have seen numerous videos online lately of incidences where someone is being harassed, hurt, injured or worse and what do the by standers do?
Live up to the name. They do nothing but stand by and film.

-Crowds of people gathered around young kids while others beat them, no one steps in to help.

-Adults throw temper tantrums at fast food restaurants, screaming obscenities at the workers – no one opens their mouths to try and get them to either calm down or leave, they just whip out their phones and record the abuse.

-In the Knockout Game, random strangers are simply hit out of no where. There are almost always several other people in the videos who again, just stand there. They don’t say a word, they don’t yell at the attacker, they don’t make any move to go after him and rarely do you even see them grab their phone to call for help.

-Police step over the line in arrests brutalizing citizens who are already down on the ground and compliant. Their friends just film.

While I do understand the natural inclination is to not want to be involved in a fight, you really need to consider – What if it was you?

Would you hope your friends, your family, a caring stranger, anyone would step in? Do something, say something, … ANYTHING?

I certainly would appreciate it.

I don’t advocate jumping right in to a fight if you are not trained.

What I am saying is speak up! Use your voice. Grab their arm. Make SOME  attempt to slow them down, insert a little reason in to the scene. Don’t just passively sit there and watch it happen. If you do, you BECOME part of the problem.

Let me say this as clearly as possible.


THIS IS NOT TV.



We are quickly losing our humanity.

Headlines lead to warped perspectives

No matter how hard you may try to bury your head these days ignoring the news and the state of the world, catchy headlines are almost impossible to avoid all together. The problem with this is that headlines alone can be massively misleading, often written to grab your attention and not necessarily reflective of the story contained.

 

It takes only a glance, a second or 2 as your eyes zoom across a page, a website, social media, a billboard and you have inadvertently taken in a message. Sometimes this isn’t even done on a conscious level.

 

How does this affect us?

 

It has lead to a country of uninformed non-readers with an attention deficit who genuinely believe they know what is going on around them. You know the type. They spout regurgitated opinions that aren’t their own and have been formed out of thin air at you like they are the gospel truth and they will often defend their perspective to the death.

 

When questioned, often the answers as to why they feel this way elude them. They themselves don’t even know so there is no way they can possibly hope to explain it to you.

 

Programming

 

There is a reason that television line-ups are called programs and programming. The media is not a free market. Though every story of course is written by a reporter or author and tends to absorb their unique perspective, media, especially mainstream media is owned, bought and paid for. It is monitored and censored. We are all spoon fed a version of the news – some real, some completely created to further political and personal agendas and the majority to entertain and keep us busy much like parents plunking down their child in front of a TV for long periods of time rather than actually parenting.

 

What can we do?

A few things:

  1. If you see a headline that catches your eye – take the time to actually READ the whole story. Then decide based on your own discernment how you feel about it and intellectually what you think.
  2. Turn off the news and all reality TV – The two are interchangeable anyway.
  3. Talk to people – converse and have actual debates – it gets your brain going and hones your skills not only in critical thinking but also in the area of speech. The old saying “Eloquence of speech is proof of eloquence of mind” holds true.
  4. Never accept anyone else’s opinion over what your own inner instinct tells you. If you have doubt – research and find out for yourself.

 

An uneducated society who can’t think for themselves is far easier to control.

And make no mistake control is the issue here.