National pawn shop provides short-term cash loans and retail sales of high-quality pre-owned items such as tools, electronics, jewelry, off-road vehicles and more. As a member of the National Pawnbrokers Association, the company is devoted to providing fair prices and a secure environment for all transactions.

Pawnshops have been around for generations and serve a variety of purposes. The most well known is the pawning of personal goods to earn quick cash. This type of loan does not require a credit check, and it will only hurt your score if you fail to pay it back within a certain time period. In some cases, a pawnshop might be the only option for those in financial distress.

National Pawn Shop Chains: A Comparison

However, pawnshops also serve as second-hand dealers and offer a variety of services such as remittance and bill payments. They are private businesses regulated by the Bangko Sentral ng Pilipinas, and they generally operate as financial one-stop shops in communities where alternatives such as banks are limited or nonexistent.

As the price of gold has surged, pawnshops have seen an increase in inventory as more consumers from a range of income levels try to cash in on this investment opportunity. But for some — like Washington, an El Paso retiree on a fixed income — the recent rise in inflation has hurt more than helped.