Pawn Brokerage
What is the pawn industry?
The pawn industry is one of mankind's oldest financial institutions. Simply put, the pawn industry offers clients short term loans utilizing tangible personal property as collateral for the loan. Over 70% of pawn loans are redeemed. This means the majority of people who borrow from pawnshops return to pay off the loan and redeem their collateral. Those who do not pay off the loan forfeit their collateral, which is then sold at the pawnshop to retail customers at great savings. This website now offers the pawn community a way to list all merchandise at one consolidated location.
Are most pawn shop safe to buy from?
Most pawn shops are established businesses looking at long-term business profits. The pawnbroker is not here today and gone tomorrow like the flea market, auction sale, garage sale, or the guy selling out of his van on the side of the road. Today's pawnbroker knows his business and is only as good as his reputation. He must be fair, but at the same time ensure profits to remain in business. It's as simple as that. Lowell Jewelry & Loan is an accredited pawnshop with a track record of serving our communities for over 16 years.
Areas that we serve
Lowell, MA and surrounding areas including Nashua and Southern NH
