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The Pawn industry has been traced back 3,000 years to ancient China, as well as Greek and Roman civilizations. Pawning has long been a source of capital for people, as well as a way to finance business ventures.
A pawnbroker is an individual or business that offers secured loans to people, with items of personal property used as collateral. The word pawn is derived from the Latin pignus, for pledge, and the items having been pawned to the broker are themselves called pledges or pawns, or simply the collateral.
If an item is pawned for a loan, within a 30 day period the pawner may purchase it back for the amount of the loan plus 15%. If the loan is not paid in full within the 30 day period, the pawner can extend the loan with a payment of 15% or the item can be left as payment in full. The pawned item will be offered for sale by the pawnbroker, but the pawnbroker does not report the defaulted loan on the customer's credit report, since the pawnbroker has physical possession of the item.
Big Dog was established early 1999 and has been a growing force in the pawn industry ever since. Our 2 convenient locations and late hours make for easy access 7 days a week. We have gone to great lengths to keep it a family business with a fun and friendly atmosphere. We voted ourselves the #1 pawnshop in the state, just come in and we will prove it to you.
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