Despite being a part of the local community, pawn shops are often subject to bad reputations. However, today’s pawnbrokers provide an invaluable service to the communities they serve. This couldn’t be truer when it comes to High Point, NC’s West Green Pawn. 

Below, this family-owned pawn shop looks to disprove some of the most common misconceptions that plague the industry.

5 Pawn Shop Myths Debunked

1. Pawnbrokers Deal Illegal Guns

Guns can be bought and sold at a reputable pawn shop, but there are extensive regulations that make this trade safe. Non-compliance can cost a pawnbroker their reputation and business, on top of huge fines. A reputable broker will take their responsibility to the community seriously. There are more than 7,700 Type 2 gun licenses issued in this country to pawnbrokers, and West Green Pawn holds one of them.

2. Pawnbrokers Take Advantage Of Those Down On Their Luck

While people who need cash often turn to a pawnshop, negotiation is part of the process before the broker and customer agree on a final amount. This ensures clients have a say when it comes to selling their items.

3. Pawnshops Deal Stolen Goods

Selling stolen goods is disastrous for a pawn shop for a number of reasons that go beyond moral obligations. If stolen property is found at a pawnshop, for example, the pawnbroker must surrender it to law enforcement so it can be returned to its rightful owner. Not only that, the broker must answer a number of questions that take them away from running their business. If the case ever goes to court, even more time is lost. 

4. Pawnshops Are Only For Those Who Can’t Afford Anything Else

Even in bright economic times, everyone is looking for a better deal. No one wants to spend exorbitant amounts on items they will only use sparingly, and pawn shops offer top-quality goods at incredible prices.

5. Pawnshops Sell Merchandise That May Not Be Reliable

An ethical pawn broker will never lend money on items that aren’t in good working order. If a customer buys something that’s in poor condition, the pawn shop’s reputation and relationship with the community is tarnished. 

Fully licensed and insured, West Green Pawn has faithfully served the Triad region with honesty and integrity. Give them a call today at (336) 882-7297, and visit their website to learn more about their services.