
Pawnbroker
Pawn Implications
A pawned item might be sold by the pawnbroker if the loan isn't repaid on time.

If I don't repay the pawnbroker in a month, he'll sell my guitar.
Not a Bank
A pawnbroker is different from a bank; they offer loans based on collateral, not credit.

I went to a pawnbroker instead of a bank since I needed instant cash for my watch.
Interest Rates
Pawnbrokers usually charge more interest than banks or formal lenders.

The pawnbroker gave me the loan, but the interest rate was quite high.
Compare with
BrokerCreditorDealerFinancierHolderLendMortgageeUsurer
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