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Pawnshops, payday lenders not immune


Savanah Richard models a wedding ring for Lynette Gammon and Rod Nobels of Broken Bow, Okla., Friday at Cash America Pawn on State Line Avenue.
Economic conditions are making things tough all around, and local pawn and payday advance operators say their businesses are no exception.

Historically, pawnshops have met a need for consumers who need money fast or are looking for a deal on a coveted piece of merchandise. The addition of payday loan services, writing a check to the lender as collateral for a loan, has made fast money even easier to get.

In trying economic times, many people assume these industries would boom, but owners say they’re no different than any other business.

“That’s the percepti...
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