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5 October, 12:48

What happens when a borrower pays off a pawnshop loan

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Answers (2)
  1. 5 October, 13:41
    0
    The borrower receives an item back.

    Explanation:

    A pawnshop loan is when someone borrows an amount of money and gives an item as a guarantee to be able to get the loan. The item usually would cost more than the amount borrowed and the lender will keep it until the loan is paid in full. If the loan is not paid the lender will keep your item and probably will sell it.
  2. 5 October, 13:50
    0
    A personal item is returned to the borrower.

    Apex
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