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One reputable source for short-term
loans in Dayton is Don’s Pawn Shop, dealing mostly in jewels and
firearms. Family owned and
operated for fifty years, Don’s is a trustworthy lender, as well as a
great source to purchase pre-owned diamonds and firearms.
Don’t Pawn Shop also offers jewelry repair, confirming that they
are specialists in the area. Of
the Dayton pawn shops, this is one of the best.
Many residents of Dayton feel pawn
shops offering short-term loans at exorbitant interest rates are no better
than the old-fashion loan sharks. Due
to the feelings toward short-term loans and high interest, Ohio is one of
the toughest of the 23 states that regulate short-term loan operations.
A short-term loan is an opportunity
to borrow based on collateral rather than credit for those who do not wish
to deal with or cannot get approved by a traditional bank.
Since this practice targets a mostly those in need of cash who have
poor credit, many feel that short-term loans take advantage of the poor.
Some short-term loan sources (though not usually Dayton pawn shops)
have been known to actually ignore the local regulation of fees and
interest that are imposed on them.
However, with all the regulations
imposed upon lenders and Dayton pawn shops, the short-term loan industry
has become a much more acceptable practice, and many new pawn shops have
sprung up, offering their services across the country.
Dayton, being in Ohio, falls under some of the most stringent
regulations for short-term loans and payday loans in the entire country.
Overall, Dayton pawn shops, being within one of
the toughest states to regulate the short-term loan industry, is actually
a very safe place to seek out a short-term loan or payday loan.
Just be sure that the pawn shop you want to deal with is a member
of CFSA (the Community financial Services Association of America), as they
are sure to follow all necessary regulations.
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