Idea [ Profit or - Profit ]

[Trust Kevin]

So I've been watching a lot of pawn videos on youtube and was wondering would anyone ever use this idea, If someone comes to you and asks for a Loan they give you something thats valued the same of the loan your giving them and he can pay you back and retrieve their item back. If he doesnt pay you back on the specific time you will get to keep the item [ loan in goods and services btw and return in family and friends ] and then theres just sell where you sell them etc.

 

[gorman]

Then why wouldn't they just sell the item and pay what they need to

 

[Trust Kevin]

Then why wouldn't they just sell the item and pay what they need to

Cause some people dont want to get rid of their stuff and other people are scared of non payments.

 

[Ivain]

That, and it can take TIME to sell stuff, time which they may not have. Selling a build for a halfway reasonable price can take weeks.

 

[Austin]

Yeah but then you're gonna have kids wanting loans and trying to give you garbage semis and over valuing them just like they already do in the semi section lmao