How Does Pawnbroking Work? - Premier Pawnbrokers
Find out how Pawnbroking works with The Pawnbroker. Learn how the Pawnbroker allows you to pawn gold and diamonds, to luxury cars, mobile devices and more.
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How Does Pawnbroking Work?

Pawnbroking shops have been around for a long time possibly dating back thousands of years.  The basic idea behind any pawnshop is to provide quick cash loans.

  • 01 PAWNING

    You bring in something you own and give it to the pawnbroker as collateral for a loan.


    The pawnbroker loans you money against that collateral.


    When you repay the loan plus a redemption fee you get your collateral back.


    If you don’t repay the loan the pawnbroker has the right to sell the collateral to recoup his money and the redemption fee