Quote:
Originally Posted by Joker
I dont understand how they have become "pawn shops"[...]
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because they always have been. the description of how they work is the definition of a pawn shop.
look up the following: lein, secured loan, lombard banking.
this should help you out. I'm too lazy to bother to do it for you. but, I will provide this much: secured and unsecured loans do not require that you surrender assets.