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      Some find quick cash through pawnshop loans

      At Dick's Pawn on Highway 501 in Horry County the number of people getting loans has picked up steadily since the recession.

      "Most of the time people bring in things that they want to keep. They're not trying to just get rid of them," said Mitch Fallon, a manager at Dick's.

      It's not like selling your stuff for cash but rather like a "payday loan." People can take in anything -- TVs, computers, musical instruments -- and get a loan. The pawnbroker decides how much he wants to lend and then the item is safely stored for 30 days, at which time the loan must be repaid.

      There are finance charges involved, but the charges are government-regulated, thus the chance of predatory lending is low, said CCU economist and Horry County Councilman Gary Loftus.

      For example, if someone gets a $100 loan, they will have to pay back $122.50 in order to get their item back, and if it's not repaid by the 90th day, by law the pawnshop can sell the item.

      Fallon said, "If you don't come back and get the item in 90 days, then on the 91st day, the item is eligible to be pulled out of pawn and out to the floor for sale."