Wimpeys Pawn Shop and Discount Store


Long before banks, ATMS and check-cashing services, there were pawn shops. Pawning was the leading form of consumer credit in the United States until the 1950s. Pawn shops are repositories of history, holding antiques, jewelry, furniture and other items that have been passed from generation to generation. Pawn and loan in Lake Havasu

A pawnbroker is an individual or business (pawnshop or pawn shop) that offers secured loans to people, with items of personal property used as collateral. The word pawn is derived from the Latin pignus, for pledge, and the items having been pawned to the broker are themselves called pledges or pawns, or simply the collateral. If an item is pawned for a loan, within a certain contractual period of time the pawner may purchase it back for the amount of the loan plus some agreed-upon amount for interest.

The amount of time and rate of interest is governed by law or by the pawnbroker's policies. If the loan is not paid (or extended, if applicable) within the time period, the pawned item will be offered for sale by the pawnbroker. Unlike other lenders, the pawnbroker does not report the defaulted loan on the customer's credit report, since the pawnbroker has physical possession of the item and may recoup the loan value through outright sale of the item.


Shop Wimpey's


Do your shopping at Wimpey's. Shop our large selection of Jewelry, Guitars, Cameras and more, available at discount prices.