There are a lot of misconceptions about pawn shops and how they operate, especially in relation to other financial institutions. The expert pawnbrokers at Moore Pawn & Furniture, a quality pawn shop in Lincoln, NE, are here to answer all of your questions.

Here are three frequently asked questions about visiting a quality pawn shop and what you can expect the next time you stop by Moore Pawn & Furniture:

• What Does A Pawn Shop Do? A pawn shop is a state licensed and regulated business that provides collateral loans ranging from $10 to $100,000. A quality pawn shop will accept everything from electronics and jewelry to new and used furniture. In addition to providing loans, Moore Pawn & Furniture also buys and sells valuable items for its customers.
• Why Should You Get A Loan From A Pawn Shop? Most banks do not loan customers small amounts of money. If you need a quick loan of just $10, Moore Pawn & Furniture will help. Pawn loans also come with benefits that regular loans do not. For example, they do not affect your credit and are quick, convenient, and confidential.
• Do Pawn Customers Have The Same Legal Protection They Do At Other Financial Institutions? Unlike other financial transactions, pawn transactions are the one type of consumer credit that must be reported to a local law enforcement agency. In many states, pawnbrokers are required to report their transactions daily, which includes divulging personal information about the customer like ethnicity, gender, and address. Under federal privacy law, this information is considered “non-public personal information” and is entitled to protection as such.

If you need a small or large loan without the hassle of going through a traditional financial institution, turn to Moore Pawn & Furniture in Lincoln, NE. Visit their website to learn more about the services this quality pawn shop offers, and call them at (402) 477-5116 if you have any questions about the collateral loan process.