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7 Things Singaporeans Should Be Aware About Pawn Stores

Wednesday, May 20th, 2020

7 Things Singaporeans Should Be Aware About Pawn Stores

Right right right Back into the ’80s, middle-class Singaporeans connected pawn shops with poverty. You live it down; they immediately assumed you’re in serious need of money if you were seen walking into one, your acquaintances would never let.

However these times, pawn stores are getting to be a recognized the main loans scene (sigh) and current reports reveal that they’ve been regarding the rise since 2008. Listed below are 7 things you have to know about pawn stores.

Just how do Singaporean pawn stores work?

Just how do Singaporean pawn stores work?

You cash in return when you pledge your item (usually something valuable like jewellery, diamonds, gold, electronics, watches or branded bags) to a pawn shop, the pawn shop will lend. The total amount is 60% to 80per cent of this market value for the pledge, that will be determined by the pawn shop’s specialist valuer. (more…)