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The handyman pawns a company car to pay the workers, the pensioner her gold ring to make ends meet until the end of the month. According to the Federal Association of Pawn Loan Transactions, more than 90 percent of customers pick up their pledged items again. The pawn shop enables uncomplicated short-term loans that you would not get at the bank. The first lending institutions were founded in the late Middle Ages and were considered systemically important during the corona pandemic. Despite this, they still have to fight for recognition.
