I called by phone to find out what their terms were for giving me a loan for some 14K gold jewelry. I had already weighed it with my digital scale so I knew its value if it was sold for scrap which was at $21.50 per gram. The lady who answered the phone said she could loan me $1500 for 4 months with a repayment of $110 of interest. This would come out to an interest rate of 22% if you figure it out by the year. I had 82 grams in total weight for two pieces so they were loaning $18.29 per gram. I thought that was fair since many pawn shops seem to be charging around 34% interest give or take.
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