Cash Before Payday - A struggle to raise cash (The Morning Call)
The Allentown resident doesn’t enjoy having to pawn his electric guitar for easy money, but as something of a regular at A-Town Pawn in Allentown, he knows it will still be there when he has the cash to buy it back. But for pawnshops, which offer used goods at low prices and allow consumers to sell their possessions for cash, consumer’s pain has resulted in an uptick in business. Along with his wife, Heather, Toolan discussed deals Tuesday with a constantly changing procession of customers who paid lunch-time visits to the store, cramped to the ceiling with drill guns, stereo amplifiers and skateboards. And at a 3 percent markup, Toolan sees himself as performing a necessary service with so many people struggling to cover rent and provide for their families. As more people struggle to cover the rising cost of gasoline and groceries, they are turning to payday lenders to help them bridge the days between paychecks. Learn more
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