From KWTX: Despite the rising cost of items like gas, groceries and living expenses, many American’s wages have remained the same, causing a need for extra income when things are tight.
You get your paycheck and stick to your budget but soon realize you’re running out of funds.
With inflation costs at a 40-year high, this occurrence is becoming more common for people everywhere.
This is causing more people to resort to pawn shop loans for some quick cash relief.
“It makes it tough and difficult for people to pay their electric bill, their water bill, to get the rent paid, to put groceries on the table and that drives them to do something, to go get some more money and that’s where we’re there to help,” said CenTex Pawn owner, Cody Lewis.
In recent months, Lewis says his pawn shops have seen people’s interest in these loans increase as much as 30%.
Seeing customers bring in items from blenders to designer handbags all with the hopes of walking away with cash, Lewis believes, “if it has some value and we can put some money into it to help them out, we’ll do it.”
These pawn shop loans can range from $50 to $200 in some instances and can be all the difference for a family that needs to eat or take care of unexpected costs.
