Huntington Super Pawn
17731 Beach Blvd.
Huntington Beach,
CA 92647
Telephone:
714.848.8402
Store Hours:
Monday-Saturday 10am-6pm
Closed Sunday

History Of Pawn Shops

Pawn shops date back to ancient times, as one of the earliest recorded lending institutions. During the late Middle Ages the House of Lombard in Europe had a group of pawn shops. The sign of the House of Lombard was the three golden balls, and this sign became the symbol of the pawn industry. The pawn industry came to America with the first settlers. In the early part of this century, pawn broking was regarded as the main source of consumer credit. With the rise of large consumer credit institutions, including finance corporations, savings and loan associations, and credit unions, the pawn shop is no longer the main source of consumer credit. But the pawn shop still plays a vital role in providing quick consumer credit.

The general public has a lending need for small sums that other sources are unwilling to provide. This resulted in the rise of popularity of pawn shops. What chance do you think you would have in securing a $300.00 or smaller loan from a financial institution for a 30 to 90 day period? The cost of the paper work alone prohibits them from making such loans on a regular basis. Therefore, pawn shops are left to be the only credit industry left willing to provide small loans to its customers on a regular basis.