2020年12月20日

Payday loan providers stress pawn stores as downturn bites

BANGALORE Bad credit? Need cash now? simply grab that electric electric guitar into the part and mind for a pawn store. Cash-strapped Д±ndividuals are swapping precious precious jewelry, music systems and electronic devices for money like no time before.

“The pawn deal is an easy to use, no-questions-asked secured loan that’s working well for folks, Sterne Agee analyst Henry Coffey stated.

Payday loan providers, whom make tiny, short-term loans contrary to the borrower’s next paycheck, are spending more within their pawn operations as stricter laws and rising unemployment make their main company less appealing.

Loan providers like Ezcorp Inc, First Cash Financial solutions Inc and Cash America Overseas Inc have observed reduced earnings regarding the payday front side but strong outcomes from their pawn operations. (さらに…)