YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Opinion: Need cash? Own a Bentley? Take a pawn ticket

Posted online
Pawn shops are generally considered an option for cash-strapped folks with weak credit.
 
Turns out, the more affluent among us can also have trouble making ends meet. And, according to the New York Times, they have their own version of a pawn broker to make deals with. Only they don’t call them “pawn brokers.”
 
With swanky showrooms displaying high-dollar baubles and home offices in England, companies like Suttons & Robertsons prefer to be called “collaterized lenders.”
 
Can’t afford the plane ticket visit to S&R’s new Manhattan showroom? Online lenders such as Pawngo and Borro are willing to make loans against your Rolex once you ship it to them via FedEx.

Read more from the New York Times.[[In-content Ad]]

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Open for Business: Belamour

Springfield event venue Belamour LLC gained new ownership; The Wok on West Bypass opened; and Hawk Barber & Shop closed on a business purchase that expanded its footprint to Ozark.

Most Read
SBJ.net Poll
Update cookies preferences