Pawnshop's biggest sell: Itself

Pawnshop's biggest sell: Itself

There are 54 comments on the TwinCities.com story from Mar 12, 2011, titled Pawnshop's biggest sell: Itself. In it, TwinCities.com reports that:

As far as Mark Smith is concerned, he's the CEO of a first-rate business in a growing sales and lending field, one that has flourished during the recession even as others imploded.

Join the discussion below, or Read more at TwinCities.com.

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Hmm

Saint Cloud, MN

#2 Mar 12, 2011
They charge WAY to much for used when you can get it cheaper new at stores, and they dont give you much cash for games when you can get more at every other place.

Overall... Pawn america > max it pawn
GreatDay

Benson, NC

#3 Mar 12, 2011
Hmm wrote:
They charge WAY to much for used when you can get it cheaper new at stores, and they dont give you much cash for games when you can get more at every other place.
Overall... Pawn america > max it pawn
Then go buy new mr. know it all and don't bother these guys!
Big Stu

Saint Paul, MN

#4 Mar 13, 2011
He said he doesn't do guns, but on his website it says that have guns at at least a few of the stores. Pawnshops are kind of for lazy dummies, you could get more on Ebay or Craigslist for your item than a pawnshop will give you.
RJS

United States

#5 Mar 13, 2011
While I admire his enthusiasm, nothing will stop the fact that much of that merchandise is stolen and what isn't there by burglary is there by taking advantage of people with crazy loans.

Thune says pawn shops are AOK in good neighborhoods. Funny, I can't remember ever seeing one in a good area.

This story is a good reminder for people to take thier digital camera around the house and take pictures of all the serial numbers on your electronics so if they happen to end up at Max It Pawn you have a chance of getting it back.
blindman

Summerfield, FL

#6 Mar 13, 2011
Pawn shops are blood suckers!Half the crime would disappear if they were gone!
Mee

Saint Paul, MN

#7 Mar 13, 2011
GreatDay wrote:
<quoted text>
Then go buy new mr. know it all and don't bother these guys!
Actually I agree with Hmm. I wouldn't say you can buy things cheaper new than at the pawn shops I've been in but stuff I looked at was significantly used for around 3/4 or more of what you would pay for new. I didn't see any bargains worth taking the chance on that they would perform for any length of time.

Since: May 10

Minneapolis, MN

#8 Mar 13, 2011
Pawnshop owners are bloodsuckers. They're working very hard to corrupt legislators and local politicians in order to reduce the scrutiny of their transactions so they will be free to take in stolen property without interference. Don't be fooled by the efforts of Smith and Brad Rixman of Pawn America to lift regulation and reporting requirements for pawn transactions. They want to make it as difficult as possible for police to examine their business methods and identify the criminals who bring them stolen loot and line their pockets. Ask the police in Burnsville, where Rixman has installed henchmen in city government and is working tirelessly to eliminate regulation and transfer its costs to the taxpayer.
What The F

Whitestown, IN

#9 Mar 13, 2011
GreatDay wrote:
<quoted text>
Then go buy new mr. know it all and don't bother these guys!
I do....that guys post was spot on
What The F

Whitestown, IN

#10 Mar 13, 2011
Big Stu wrote:
He said he doesn't do guns, but on his website it says that have guns at at least a few of the stores. Pawnshops are kind of for lazy dummies, you could get more on Ebay or Craigslist for your item than a pawnshop will give you.
Exactly .... instead of selling your things for dirt to the pawn shops or having a garage sale and getting nothing compared to what it's value is ,try an ad on craigslist, you'll be amazed at how much more you can get
leech

Ridgecrest, CA

#11 Mar 13, 2011
pawnshops take advantage of the poor and uninformed, they are bloodsuckers,I hope the greed chokes them all
Frank

Minneapolis, MN

#12 Mar 13, 2011
Their "maxitize" ads are moronic. A new low
why the boom

Saint Paul, MN

#13 Mar 13, 2011
Of course pawn shops are booming. This is happening because people are hurting more now than usual. And why is that? Its because capitalism or the "free" market system is gripped in its latest massive failure. Arise ye wretched of the earth! Arise ye prisoners of starvation! Yank out your gold teeth and head for your local, friendly pawn shop!
A sign

Minneapolis, MN

#14 Mar 13, 2011
of poor conditions, pawn shops and check cashing services. Don't let them in. The most parasitic busines that prey on the poor.
editor

Inver Grove Heights, MN

#15 Mar 13, 2011
There is no way this "entrepreneur" will ever change the perception of pawn shops. I've been in pawn america and it disgusts me how high their prices are on beat-up, obsolete junk, and in most cases it isn't negotiable.
Wimpy

Minneapolis, MN

#17 Mar 13, 2011
I get that the prices are to high for the used stuff they are selling. If people don't buy the stuff, how do these shops make money?
Nick

San Antonio, TX

#18 Mar 13, 2011
Smith is the new Judas...
Fred

Minneapolis, MN

#19 Mar 13, 2011
Crooks.
Wow

Saint Paul, MN

#20 Mar 13, 2011
Amzing how well a buiness does when it takes advantage of cash strapped poor people by taking what little money and possessions they do have.

Pawn Shops typically charge the same high interest rate on short-term loans that would be consider loan sharking in organized crime, then take their possessions when the borrowers cannot pay back.

Pawnshops lowball the sale price of possessions, often by people who do not have the means to use a computer to sell on eBay or Craigslist.

And one of their biggest cons is guarenteeing the highest sale prices on gold and jewelry. The trick they don't tell you that you have to go to a reputable dealer and get a real bid then bring it back to be matched. People assume they lowball price-- sometimes as low as 30% of the real value -- is the guarenteed highest price.

Just like check cashing centers and rent-to-own businesses, pawn shops are the anti-Robin Hoods, taking from the poor to line their own pockets. Most sellers and borrowers don't have the knowledge or means to get more money for their possessions and can't qualify for loans through a bank.

So yes, I'm sure they're doing well in a down economy when there are more people who are financially desperate.

Thanks for the PR piece to make them seem like legitimate and moral businessmen!
AntiMelting

Garden City, MI

#21 Mar 13, 2011
leech wrote:
pawnshops take advantage of the poor and uninformed, they are bloodsuckers,I hope the greed chokes them all
Sounds like the DFL.
ref

Saint Paul, MN

#22 Mar 13, 2011
GreatDay wrote:
<quoted text>
Then go buy new mr. know it all and don't bother these guys!
Is that you Mr. Mark Smith?

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