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.
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