Is it an immediate reset, or a reset after 30 days (or whatever the loan term was)? Pawn shops will lend people a fraction of the value of the time that they are pwning because the pawned item serves as security for the loan .If the item is not redeemed, they forfeit the item. It can be possible to extend the loan by paying the interest plus some fees. Redeeming the item requires them to repay the loan plaus accrued interest. This is often10% or more PER MONTH. It is also possible to have the pawn shop buy your item directly. In that case, you have no right to redeem the item, oteher than buying it back fro the pawnshop at a price that the pawn shop names.