At Main Street Pawn Shop we Strive to provide superior Customer Service to the Maquoketa & surrounding areas. Our Professional & experienced pawnbrokers at MSPS offer a fast, easy, and confidential cash loan process! While offering the best deals around on merchandice. Our employee's will be sure to make you feel at home, with a warm hello, 5 star customer service, and our friendly shop puppy! Since the day we've opened in 2010 we have rapidly grown in every aspect of our business. Purely focussing on our customers & community we are highly dedicated to donating to local food banks, churches & charitable organizations!
Well to answer your question, lets look at the history of pawn shops. Pawn shops date back to ancient times and are one of the earliest recorded lending institutions. During the late middle ages the House of Lombard in Europe had a group of pawn shops. The sign of the House of Lombard was the three golden balls, and this sign was associated for years with the pawn industry.
The pawn industry came to America with the first settlers, and in the early parts of this century, pawnbroking was regarded as the main source of consumer credit. With the rise of large consumer credit institutions, such as finance corporations, savings and loan associations, and credit unions, the pawn shop is no longer the main source of consumer credit. But the pawn shop still plays a vital role in providing consumer credit.
The general public needs to borrow small sums of money that other sources are not willing to provide, and this resulted in the rise of popularity of pawn shops. What chance do you think you would have in securing a $300.00 or smaller loan from a financial institution for a 30 to 90 day period? The cost of the paper work alone prohibits them from making such loans on a regular basis.
Be sure to visit our friends in Dubuque, Ia. Jerry, Carissa, Rick and Gail can help you with most of your needs! They are located at 1735 Central Ave and they are open Monday thru Friday from 10:30a.m. to 5:30p.m. and on Saturday from 10:30a.m. to 5:00p.m. You also can call them at 563-583-0657!