Who owns EZ Corp?
Courtland L. Logue, Jr.
EZCorp
| Type | Public |
|---|---|
| Founder | Courtland L. Logue, Jr. |
| Headquarters | Austin, Texas, USA |
| Area served | Mexico, Canada |
| Key people | Stuart Grimshaw, Chief Executive Officer Jason Kulas, President and Chief Financial Officer |
Who owns easy pawn?
David Kaminsky –
David Kaminsky – CEO – E Z Pawn Corp | LinkedIn.
Does EZ Pawn do returns?
Returns or exchange of a covered item must be made within 6 months of the date of purchase. We, in our sole discretion, determine the value of an item for like-kind replacement.
Are there any publicly traded pawn shops?
EZCorp Inc. operates pawn shops and financial-services stores in the U.S. and Mexico. EZCorp. derives about 80% of its revenue from pawn shops, with the rest from payday and short-term loans. The stock has been a big moneymaker over the past two years, more than doubling, yet has lagged its competitors this year.
How many EZ Pawn locations are there?
500 pawn shops
Today, at more than 500 pawn shops nationwide, we help hardworking, everyday people get quick access to cash and brand-name merchandise by pawning or selling quality items.
Can you return items to a pawn shop?
Keep in mind that most pawn shops have a “no cash back” policy. If you do have to return something, you’ll probably only get back the money you spent in the form of a credit that can be used at that store only. Most pawn shops also have very limited return policies.
How do pawn shops determine value?
How do you determine the value of the item? Pawn shops base the value of the item on current appraised value, its current condition and the ability to sell the item. Pawnbrokers use research tools that they have at their disposal to determine an item’s value and get you the most money for the item.
Are pawn shops good investments?
Pawnshops offer a bit more money to outright purchase items than they offer to lend against the items—perhaps 10% to 15% more—because they know that they will have the items available for immediate resale and can more accurately project their likely profit margins on reselling the items.
Why do pawn shops rip you off?
If you walk into a pawn shop and try to sell an item without knowing its value, then you’re asking to be ripped off. Much of what we own has no market value. They likely work for the shop, which means they’re going to low-ball the item so their employer can acquire the item for much less than the true market value.
Why are pawn shops bad?
Cons of Pawn Shop Loans Here’s why using a pawn shop is almost always a bad idea: Exorbitant interest and fees. Although you borrow money for only a few months, paying an average of 10% a month interest means that you’re paying an annual interest rate of 120%.
What percentage will a pawn shop give you?
At a pawn shop, you leave your property—the most commonly pawned items are jewelry, electronic and photography equipment, musical instruments, and firearms. In return, the pawnbroker typically lends you approximately 25% to 60% of the item’s resale value. The average amount of a pawn shop loan is about $75–$100.
What happens if you don’t pay back a pawn?
If you are unable to repay the loan in full when it comes due, you may pay the interest on the loan to keep the account active and renew the loan for another 30 days. You may be charged an additional fee each time you choose to renew. That amount is based on the amount outstanding, not the original loan amount.