The higher cost of living is being blamed for the increased business.
About 75% of shop owner John Week’s business is generated from folks borrowing money, and that’s up about a third from previous months.
":The people coming in here seem to be looking for money for heating oil, and lately they’ve been coming in to get a tank full of gas to get to their job for the week.":
Week’s owns J.R.’s Pawn Shop and Discount in Waterville.
Weeks is also president of Maine’s Pawnbroker Association, and he says food and fuel prices are putting people in a crunch which is actually helping many pawn shops.