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At its core, a pawnshop loan is a secured mortgage the place personal belongings are used as collateral. Items usually accepted embody jewelry, electronics, musical devices, and collectibles. The pawnbroker assesses the value of the merchandise, and based on that, presents a loan amount. If you repay the loan inside the agreed-upon timeframe, you get your merchandise again. If not, the pawnshop keeps the merchandise and sells it to recoup their l

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