The world’s oldest source of credit comes from pawnshops.
Over 20% of Americans either have no bank account or rely on alternative financial services like pawnshops.
Today’s Power Stock provides pawn loans and rates a 97 on our proprietary system.
Last week, I watched an episode of Pawn Stars, a TV series about a Las Vegas pawnshop where people try to sell everything from family heirlooms to collectibles.
With rising interest rates and inflation, I think about the future of pawnshops as people try to make ends meet.
The Board of Governors of the Federal Reserve System reports 22% of Americans either have no bank account (unbanked) or rely on alternative financial services (underbanked).
The oldest source of credit in the world is pawnbroking — lending money on items of value.
High inflation spells tough economic times ahead, and pawnshops will see more activity as people look for cash to pay bills and buy essentials.
Today’s Power Stock is a 97-rated pawn-loan provider.
Each of these dots represents a person: police officers, entrepreneurs, doctors, teachers, farmers … people from all walks of life, from all corners of America — yet they all have one thing in common…
They’re all defying the odds and taking control of their financial futures.
That’s right…
Despite the wild times we’re living in, these Americans are using a simple service they can access on their computer, phone or tablet … a service that gives them clarity, peace and confidence with their investments.
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