Home » Business » Record-breaking Pawn Loans Soaring Amidst 2023 Inflation: Christmas Shoppers Turn to Pawning Jewelry for Cash

Record-breaking Pawn Loans Soaring Amidst 2023 Inflation: Christmas Shoppers Turn to Pawning Jewelry for Cash

Published on 12/21/2023 10:44 p.m. Updated on 12/21/2023 10:45 p.m.

Duration of the video: 2 min Christmas and end-of-year holidays: pawn loans are soaring In this period of inflation, pawn loans are more than ever an option. Three days before Christmas, exchanging your jewelry for cash is sometimes the assurance of giving gifts. – (France 2) Article written by France 2 – C. Adriaens-Allemand, K. Adda-Rezig, D. Brigand, O. Martin, R. Chapelard, T. Simonet, L. Krikorian, L. Michel

France Televisions

In this period of inflation, pawnbroking is more than ever an option. Three days before Christmas, exchanging your jewelry for cash is sometimes the assurance of giving gifts.

As the holidays approach, record crowds in a municipal credit in Nice (Alpes-Maritimes). Ghislaine Arnaud, 60, has to receive her family for Christmas and buy gifts for her grandchildren. So she comes to drop off some jewelry, in exchange for a sum of money that she hopes will be as large as possible. “It will allow me to have a good end of year celebration with the children, with my family. Then I also had things to pay for“, she confides.

A record year

For four rings, the organization offers him 800 euros. An emergency loan for the Nice woman, who had no other solution. “Reluctantly, but I need”, she says. In the safe of another municipal establishment in Reims (Marne), we find more and more watches and jewelry. With a 15% increase in the sums lent here, the year promises to be record-breaking.

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2023-12-21 21:53:58
#Christmas #endofyear #holidays #pawnbrokers #soar

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