Pawnshops and pawnbroking have been around for hundreds of years. The basic idea behind any pawnshop is to loan people money. It goes like this:
You bring in something you own and give it to the pawnbroker as collateral for a loan (this act is called pawning). The pawnbroker loans you money against that collateral. When you repay the loan plus the intrest you get your collateral back. If you don't repay the loan, the pawnbroker keeps the collateral.
Two Rivers TradingPost is Lehigh County's first licensed Pawn Broker. When you pawn an item a price is agreed apon by the Pledgor and the staff of the Trading Post. THERE IS A MONTHLY INTEREST RATE AND STORAGE CHARGE. The item is held for the specified time of the loan. We try to make it as easy and simple as possible for customers to renew or extend thier loans. We are licensed by The Pennsylvania Department of Banking, Bonded, and fully insured.