‘Opposite of busy:’ company down at pawnshops, payday lenders during pandemic

CALGARY — John Sanford happens to be a pawnbroker for twenty years and states he is never seen anything like it.

Pawnshops and loan that is payday have traditionally been harbingers of difficult financial times because of health insurance and monetary crises.

But Sanford claims which has hadn’t been the truth within the topsy-turvy realm of 2020 in which the COVID-19 pandemic has resulted in a recession.

“we hurried to your bank before this occurred and I also got all sorts of money prepared. We thought it was likely to be a bonanza. But nope. Definitely not,” Sanford, co-owner of Rocky Mountain Pawn in Calgary, says while he surveys the number that is dwindling of on their racks. [Read more...]