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‘Opposite of busy:’ company down at pawnshops, payday lenders during pandemic. CALGARY — John Sanford is a pawnbroker for two decades and claims he is never ever seen such a thing want it.
CALGARY — John Sanford happens to be a pawnbroker for twenty years and claims he is never ever seen any such thing enjoy it.
Pawnshops and pay day loan loan providers have actually very long been harbingers of difficult financial times as a result of health insurance and monetary crises.
But Sanford claims that featuresn’t been the situation within the topsy-turvy realm of 2020 where in fact the pandemic that is COVID-19 generated a recession.
“I hurried towards the bank before this occurred and I also got all sorts of money prepared. It had been thought by me personally had been likely to be a bonanza. But nope. Absolutely not,” Sanford, co-owner of Rocky hill Pawn in Calgary, states while he surveys the number that is dwindling of on his racks. Read More