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Pawn Shops Seeing More Affluent Customers

Pawn Shops Seeing More Affluent Customers

Pawn shops in the Tri-Cities are actually benefiting from the economic slowdown.


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Business is booming at Ronny Nelson's Quick Cash Pawn Shop.

"I took in a boat today. Sixteen foot bass boat," said Nelson.

Especially, among a new type of clientele. "Middle class people are coming in. Customers we haven't seen before," said Nelson.

These are people whose 401-K's have diminished, who have lost their jobs, or who are having trouble getting a small loan from banks.

"They're looking for second tier lending from somewhere else. A second place where they can manufacture some cash," said Nelson.

At Nelson's shop as well as others in the region, owners are seeing a large number of contractors, out of work because of the housing crunch, pawning their tools.

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