Pawnshop and Money Lenders
How things have changed. In the past, there were few pawnshop. Most of them like this one here are imposing looking with iron bars, high counter and old man peering down at the customers. I have walked past many of these pawnshop and thank goodness, despite our family situation when we were young, we never had to resort to them to get money. Over time, the number of pawnshops went down as young people shun them because of the stigma and turned to easy bank loans. Then in the past few years, a new breed of pawnshops have sprouted. No longer confined to the older city neighbourhood of Chinatown, Jalan Besar and Geylang, these new breed of pawnshops are in the HDB heartlands and shopping malls. These pawnshops have glitzy shopfront more like jewellery store and are fronted by celebrities making it sound cool to pawn things. And judging by the number of them mushrooming all over, it is very profitable too. At least for the pawnshop owner. Along with the pawnsh...