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Pawnshop loans are easy transactions. When a person needs cash, they'll go to a pawnshop and provide an merchandise of value—such as jewelry, electronics, or collectibles—as collateral. The pawnshop appraises the merchandise and offers a mortgage amount based on this appraisal. Typical mortgage amounts vary from 25% to 60% of the item's value. Once the mortgage phrases are agreed upon, the borrower receives money on the spot, and the pawnshop holds the collateral till the loan is rep


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