It’s important to know all of the options available to you when it comes to getting or receiving a loan. Especially in 2020, it’s more important now than ever just to know what options are available to you. 

In the State of Nebraska, you can pawn an item of value. When pawning the item, you receive a portion of the market value. That item will be held for four months, or until you have redeemed it, whichever comes first. 

Understanding how to redeem your item:

You can purchase back the item you took out your loan on by paying $20 on every $100 that was loaned. This is accrued monthly.

If it hasn’t been paid on, the item will go out on the floor for sale after the four month window. You can, of course, extend the loan by paying interest. Additionally, you can always purchase the item back once it goes for sale.