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What are Pawnshop Loans? Pawnshop loans are short-term loans that enable people to borrow against personal property. The mortgage amount is determined by the value of the merchandise being pawned, which can range from jewelry and electronics to musical instruments and collectibles. Unlike traditional loans, pawnshop loans don't require credit checks, making them accessible to many who may be unable to secure financing by way of conventional means. The course of is easy: convey an merchandise of worth to a pawnshop, and the pawnbroker assesses its worth to discover out how much you'll have the ability to bor