Featured Press

Monthly Archives: December 2008

WALL STREET JOURNAL - People Pulling Up to Pawnshops Today Are Driving Cadillacs and BMWs
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p>via the Wall Street Journal BUSINESS DECEMBER 30, 2008, 9:43 A.M. ET Well-to-Do Turn to Last-Resort Lenders; Putting Up Diamonds, Dumpsters as Collateral PHILADELPHIA — At Society Hill Loan, a pawnshop in a middle-class neighborhood here, a steady rain fell outside as a fashionably dressed young man parked his Cadillac Escalade outside. Looking around warily, […]

LOS ANGELES TIMES - Pawn Shops cashing in
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via the Los Angeles Times The stores are seeing a rise in customers as more financially strapped people seek quick loans. By David PiersonDecember 25, 2008 in print edition C-1Not far away on Santa Monica Boulevard is Beverly Loan Co. – a pawnshop the same way a Bugatti Veyron is a car. The 70-year-old business, […]

U.S. NEWS - Rich Pawn Their Belongings
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via U.S. News December 18, 2008 04:00 PM ET |  Kimberly Castro Pawnshops—loan companies that take items as collateral—have always gotten a bad rap. This stereotypical image often comes to mind: A seedy store stuffed with broken belongings in an unsafe area of town often catering to derelicts and criminals. But with the credit crunch, […]

TELEGRAPH.CO.UK - Credit crisis forces rich Americans to pawn their designer belongings
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p>via Telegraph.co.uk Cash-strapped Americans in even the country’s ritziest enclaves are heading to pawn shops for credit amid the economic crisis and lending squeeze. By Catherine Elsworth in Los AngelesLast Updated: 11:32AM GMT 16 Dec 2008 In Beverly Hills, one of the nation’s glitziest post codes, so-called “collateral lenders” report an influx of well-to-do customers […]

FORBES.COM - Feature: Americans rich and poor pawn more to pay bills
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via Forbes.com 12.14.08, 07:17 PM EST Americans rich and poor pawn more to pay billsBy Sue Zeidler and Tim Gaynor BEVERLY HILLS, Calif./PHOENIX (Reuters) – Whether it’s a Tiffany (nyse: TIF – news – people ) diamond or a three-year-old lawnmower, more and more Americans from all social classes are pawning their possessions to make […]

YAHOO NEWS - Collateral Lender in Beverly Hills
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via Yahoo News Jordan Tabach-Bank, CEO of Beverly Loan Company, displays some of the valuables his clients have left in his upscale Beverly Hills, California pawn shop December 10, 2008. Pawn shop owners see strong business across the country, even in as unexpected locales like Beverly Hills, the mecca of luxurious living and shopping.

CBS EVENING NEWS - Pawnbrokers To The Stars
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via CBS Evening News LOS ANGELES, Dec. 4, 2008 | by Ben Tracy (CBS) Forget Rodeo Drive. In this economy, the rich and famous have a new destination: the collateral lender, reports CBS News correspondent Ben Tracy. “At the end of the day that’s a fancy term for a pawn shop,” said Jordan Tabach-Bank, the […]