Do pawn shops sell stuff they bought or things people couldn't pay back? ?

6 Answers

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  • 1 month ago

    Yes, they do sell off things that were purchased or were not redeemed and no payments were made on the loan..

  • 1 month ago

    Both I think hun.

  • 1 month ago

    Both.

    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 7
    1 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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  • James
    Lv 4
    1 month ago

    Both of those things

  • Anonymous
    1 month ago

    Both.                    

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