Pawn broker problem

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  • Aylesbury_Duck
    Aylesbury_Duck Posts: 13,993 Forumite
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    Doodler123 wrote: »
    Kazwookie
    It’s not a wind up

    I was stuck in a position where I never had enough
    To pay the £200 plus the interest so in
    Order to make sure my gold was safe
    I just kept renewing and paying the interest

    I don’t need to be made to feel any worse than I do

    I’m not proud of the fact I pawned it and for
    Other reasons I’ve not had any money to get
    It back out.
    Did you mean to write your response in poetry? :D

    What do you actually want, given that you're not going to get back the original items? Similar replacements surely won't hold the same sentimental value because, well, they're not your original items.

    You need to set out - to them - what resolution you're seeking.
  • Doodler123
    Doodler123 Posts: 13 Forumite
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    Aylesbury duck
    I’m sure whatever you mean has gone over my head !
    I came on here to find out what people think was fair or if anyone has had this happen and what their resolution was.
    Feels like I’m being mocked slightly ��
  • Aylesbury_Duck
    Aylesbury_Duck Posts: 13,993 Forumite
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    On my computer, the way your comments appear make it look as if they're written in verse. I'm not mocking you, it just looks funny.

    I think your situation is probably unique so you're unlikely to get advice from people who've been through something similar.

    As to what's fair, only you can decide what's acceptable to you. What do you think you'll be happy with? Tell us and you'll get opinions on whether it's reasonable.
  • Doodler123
    Doodler123 Posts: 13 Forumite
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    Ok apologies Aylesbury duck

    I’m unsure why I’m wrong in such a way
    I think I’m pressing return so I can see what I’m saying :o

    And I agree replacing them
    Will hold no sentimental value to me, I suppose I just want what’ I’m
    Entitled to, it’s this part that I’m wanting to know

    And like you say no one really has a definitive answer for me :(
  • zoob
    zoob Posts: 574 Forumite
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    DoaM wrote: »
    Current gold price is around £39.70 per gram. 30 grams would be worth around £1,191.

    https://www.bullionbypost.co.uk/gold-price/gold-price-per-gram/

    Scrap Value for the gold when you pawned it in March 13 was around £1000 so start with that, retail value for your individual pieces would have being a lot more
  • Doodler123
    Doodler123 Posts: 13 Forumite
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    Zoob Thankyou

    I am still awaiting a reply from them

    They initially have 72 hours to reply from when they received my complaint
  • Manxman_in_exile
    Manxman_in_exile Posts: 8,380 Forumite
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    I have no experience of pawnbrokers (apart from what I've seen on TV) but I would expect that with relatively high value items (gold jewellery) they would give you some sort of valuation? No doubt the valuation would be low, but at least it gives the OP a starting point which they don't seem to have at the moment. (eg pawnbroker valuation plus 50% as an opener?)


    OP - I presume you have no idea of the value? Did you ever get a valuation for insurance purposes before you had to pawn the gold?


    I would have thought that things going astray for one reason or another was probably an occupational hazard for any pawnbroker.
  • SnowTiger
    SnowTiger Posts: 4,458 Forumite
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    Manxman_in_exile wrote: »
    I would have thought that things going astray for one reason or another was probably an occupational hazard for any pawnbroker.

    There's probably something in the pawn broker's terms and conditions about what happens when an item is lost or damaged.
  • JamoLew
    JamoLew Posts: 1,800 Forumite
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    The pawnbroker is under and has zero obligation to resolve this UNTIL the OP pays to take the items "out of pawn"

    The OP however, continues to be obliged to keep up the regular/scheduled payments and should not default by even 1 day otherwise they make the situation very easy for the pawnbrokers to resolve.
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