Do pawn shops sell stuff they bought or things people couldn't pay back? ?
- conley39Lv 71 month ago
Yes, they do sell off things that were purchased or were not redeemed and no payments were made on the loan..
- 💙ElliotTheCorgi💙Lv 71 month ago
Both I think hun.
- skeptikLv 71 month ago
If you sell something to a pawn shop, it's theirs.
If you pawn something, you've borrowed money in exchange for it. If you don't pay back the loan, it's theirs.
In either case, they are then free to sell it.
- A.J.Lv 71 month ago
People bring things to sell, or pawn as collateral. If not redeeming by paying back the loan, eventually the contract says the item belongs to the pawn shop and can be sold. I live in Las Vegas and we have many pawn shops, some with very fine and expensive items.
Answer definitely is both; some of each. A person gets more money to sell an item than pawn it. But buying it back is more money than paying off a loan.
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- JamesLv 41 month ago
Both of those things
- Anonymous1 month ago