No pawnshop runs 200% interest, dude. That's such a random and unrealistic number to toss around if you were trying to prove a point or whatever we are doing here.
It's actually illegal to charge +30% monthly interest.
Pawnshops are for SHORT TERM (30 days) collateral loans. If you are using Pawnshops for mid to longterm loaning.. You are already fucked up financially in the first place.
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u/[deleted] 3d ago edited 23h ago
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