This article will discuss the known origin of pawnshops. In the article, mention of the Christian book called the Holy Bible and some of its contents are only for information and not intended to discriminate other Religions. Moreover, cash4jewelrynow or better known as the Metropolitan Pawnbrokers will be taken up in this article to enlighten the readers of what it has to offer.
The act of delivering or pledging articles to secure a loan started in Ancient China some 30 centuries ago. The act was simply called pawning. Likewise, it was written that pawning already existed during the early times of the Romans and Greeks. It was also mentioned that in Spain, Queen Isabella also pledged her valuable jewelries and crowns to support the expeditions of explorer Christopher Columbus.
In the Holy Bible:
It was mentioned in one of its “books” that it is not righteous to take a person’s possession if that possession is his tool to earn money or goods to live. Bible readers may remember that at one time, Jesus got mad in the temple and kicked and turned over the tables used by merchants and money-changers. Critics said that Jesus committed a mistake in that act because those people were only changing the coins and selling their wares for silver that they were to use in payment of their taxes.
In 280 A.D in Turkey:
A man named Nicholas was born. Coming from a rich family, he studied priesthood and was ordained at the young age of nineteen. Being kind and generous made Nicholas famous. In Jerusalem, his uncle, who was a bishop, designated him as deputy in charge of taking care of the monastery. The people praised him for his good deeds and because of that, he was later considered a saint. It was also written that he became the patron saint of finance people like bankers and brokers.
In European history:
During the Middle Ages, i.e. between the 5th and the 15th centuries, pawn brokerage was already practiced. Money was lent to borrowers upon leaving with the lender anything of value as collateral.
In Ireland and the British Isles:
There were thousands of operating pawnshops similar to cash4jewelrynow at the end of the Second World War. A pawnshop during that time catered up to more than a thousand clients at the end of a week, but eventually reduced in number because of economic growth. From the thousands of pawnshops at the end of the war, the number declined to a little less than 50 in the 1970’s. This was due to bank interest rates that soared and left the pawnbrokers with no choice but to cease providing their services instead of incurring losses. However, the pawnshops were back in business after several years and until today are serving their purpose.
Most people are not spared from experiencing financial difficulties. The high costs of daily necessities such as food and household expenses like electric and water bills are a few reasons for people to be in such financial difficulties. Usual remedies for this are loans from banks and other financial institutions, selling of properties, or personal loans from friends and relatives. However loans from banks and financial institutions may take a lot of time because of the long process of credit investigation and legal documentation. Prospective buyers of properties are also very difficult to find. Selling properties like real estate are not similar to selling hotcakes. Friends and relatives may also have their own financial difficulties and may not be of help. Therefore, securing immediate cash requirements for these uncontrollable situations are not icing on the cake.
However, another remedy is available, and that is going to a pawnshop. Pawning items in a pawnshop in securing that much needed cash is not that difficult. At cash4jewelrynow, we assure you of immediate cash after appraisal of the articles you want to offer.
Cash4jewelrynow or also known as the Metropolitan Pawnbroker, has been in the pawnshop business for more than two decades, and is always ready to provide your immediate cash requirement. With our high appraisal values of your items for pawning, our low interest rate of three percent, and a redemption period of up to four months, we are certain that you will be out of your present tight financial condition. Likewise, we guarantee a harmonious relationship with our clients.
Please remember that we are concerned not only to help you out of your financial difficulties in the best possible way we can, but also to help you regain your confidence and momentum. We do all of these because at cash4jewelrynow, we serve only the best.