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