Pawnshop Loan Quiz
Pawnshop loans give consumers short-term cash if they are willing to
“sell” (or pawn) an item to a pawnbroker for possible repurchase by a
specific date at a prearranged fixed price. The goods they pledge serve
as security or collateral for a loan. If the consumer does not pay off
the loan within the agreed upon time period, the goods are lost.
For more information:
Missouri Attorney Generals Website (n.d.). Chapter 367.
http://www.moga.mo.gov/statutes/chapters/chap367.htm
Start the Pawnshop Loan Quiz here.
