Tag : Pawn Loans
p>By Leslie Gevirtz Some U.S. pawnbrokers are taking liquid assets – literally. Along with family jewels and fine art they will accept wines as collateral for loans to help ease cash shortages of businesses and people on all rungs of the economic ladder. “You’d be amazed by how many wealthy individuals have terrible credit ratings,” […]
The premier collateral pawn shop lender in Beverly Hills’ prestigious 90210 zip code, Beverly Loan Company reports that high end collateral loans for contemporary art such as Warhol, Hockney, and Chagall as well as celebrity memorabilia are at unprecedented levels.
The 2007 financial crisis, which led to the weakening of global economies and the loss of 8 million jobs in 2008 and 2009 in the United States, tightened the availability of credit for consumers and small businesses. Since the crisis, the unemployment rate in the United States has remained stubbornly high and the economic […]