How do pawnshops make money? -

They set the loan value at substantially lower than the resale value and charge you 10% + interest per month (120% per year).Anything you hock will bring you peanuts, but to reclaim it, you have to pay big bucks. The result -- big profits!!!If you do not reclaim your item, they sell it for the resale price, making big bucks!!!They seldom lose.