Downturn draws all earnings levels to Utah shops, amid more corporate ownership.

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Cash-strapped customers hocking personal things at pawn stores or getting loans at payday financing shops are making for a booming business.

Even though the most of pawnshops are separately owned, big corporations are making inroads. And whether which is a positive thing for Utah shops and their clients is determined by who’s doing the chatting.

With regards to their component, representatives of Ezcorp are not saying much publicly about its expanding impact across the Wasatch Front and southern Utah, that also includes 17 pay day loan shops. Ezcorp, situated in Austin, Texas, operates more than 500 pawn shops into the U.S. and Mexico and 500 cash advance stores into the U.S. and Canada.

Eric Fosse, president associated with Ezcorp’s us Operations, failed to get back calls for remark, and a few business professionals and shop supervisors referred inquiries to other people when you look at the company. A representative did respond but described news releases in reply to concerns. (más…)