We have received emails and phones calls about a new bill that is working its way through congress and want to inform people around the USA of this potentially lethal bill.  This bill is targeted at mom & pop pawnshops and economically-deprived neighborhoods.

Pawnshops are usually located in economically deprived communites and neighborhoods.  Simply because their loans are supplied to people that provide something worth value as collateral.  If this law passes it will put many of these pawnshops out of business.   These pawnshops provide residents of lower income and people with no other means to get loans because of bad credit or no credit. Pawnshops need to charge a higher interest rate because a lot of pawns are of low value.  Usually they are around a couple of hundred dollars.  Pawns are usually a last course of action.  Some might consider them emergency loans.  With this being said, there are relatively few pawn loans outstanding or in accounts receivable.

To stop Bill S 500 , S500 read this website for more instructions!

SaveMyPawnShop.com

To stop this bill please