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 pawn shop is the forever mystery to me

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Daddy2be
post Feb 22 2020, 04:53 PM

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QUOTE(tictac88 @ Feb 22 2020, 04:52 PM)
nowadays i know of nobody that actually has visited pawn shop before. so how do they actually stay in business. rental also cost money right? i heard rumor about they are usually fronts for money laundering or ah loong business. not sure if it is true or not since it is just rumor.

i meant, if it is truly and very obviously money laundering front isn't it easy to crack down? imagine a front that cannot be cracked down then every songlap person can easily use it to justify their income. must be more to that than meeting the eye. hmm.gif
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There are plenty low income ppl that use pawn shop facilities. Mainly because the amount is not a lot and they don't qualify for bank loans. Better than loan shark.
Daddy2be
post Feb 22 2020, 05:27 PM

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QUOTE(tictac88 @ Feb 22 2020, 04:56 PM)
what can they pawn nowadays? if they are poor i think they won't have car or house. only jewelry from marriage? pawn shop won't accept things like clothings, computer, smartphones etc right since those devalue too quickly.
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Certain people, they like to spend all their money on things like watches or jewelry just to show off when balik kampung. After that regret no money buy rice, so they pawn it and take back some money. Rinse and repeat

 

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