Pages

ccs-logo-final-01

10 Interesting Pawn Facts

 

 

 

 

 

1. Consumers’ average pawn loan increased from $80 in 2008 to $150 in 2011.

uptrend-graphic-forexthink

 

 

2. Since the recession started in 2008, cash-for-gold transactions shot up 35 percent.

green-sign-dollar-and-gold-coin-on-white-background-isolated-vector-illustration-45163

 

 

3. Pawnbrokers have also reported more visits by small business owners trying to make their payroll.

small-business-page-graphic

 

 

4. More than half of pawnbrokers say the recession has increased pawn loans, but significantly hurt sales. Some pawnbrokers report up to a 15 percent decline on their retail side.

business-failure-graph-and-arrows_155355425

 

 

5. Almost 80 percent of customers are taking out a pawn shop loan more than two times a year.

stakeholder_perception_graphic

 

 

6. And almost half of pawnbrokers reported an 8 percent increase in loan defaults in 2009.

uptrend-graphic-forexthink

 

 

7. But 85 percent of those who take out the loans still pay them back.

stakeholder_perception_graphic

 

 

8. 82 percent of pawn shop visitors have a high school diploma.

jTxExBXTE

 

 

9. The average customer has an income of $29,000 and is 36.

article-2054536-01FFEAA00000044D-116_468x307

 

 

10. Only 33 percent of customers own their own home—77 percent rent.

GraphicGreenHouse

Read more

, , , , , ,

No comments yet.

Leave a Reply