Holy
  • Report: #895966

Complaint Review: EX-Pawn

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Mon, June 11, 2012
  • Updated: Tue, June 12, 2012

  • Reported By: Donald Williams — Indianapolis Indiana United States of America
EX-Pawn
8028 Pendleton Pike Indianapolis, IN 46226 Indianapolis, Indiana United States of America

EX-Pawn I pawned 2 diamond rings for $450. They were worth around $5,000. When I tried to redeem the rings, six months later and having paid $100 a month in interest the refused to accept a credit card. Cash Indianapolis, Indiana

*Consumer Comment: Not suprising

*Consumer Comment: Not surprising.

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

I found myself in a financial bind about 8 months ago.  I pawned 2 diamond rings worth about $5000.  They "loaned" me $450.  I was unable to redeem the rings right away and they said I could make monthly interest payments.  I did so for about 6 months at almost $100 a month. 

A friend offered to redeem the rings and I could repay him.  We went into the shop and he offered to redeem the rings using a credit card.

The original payoff amount was, I believe $524.  The redemption amount became over $700, I think it was $738.  They said it was due to interest, even though I had been paying $100 month interest for about 6 months.  Then they refused to accept my friends credit card to redeem the rings. Due to his personal arrangement with his bank, we couldn't get the cash on his card.  I wasn't able to redeem the rings and I'm out about $5600.

Donald, Indianapolis, IN

This report was posted on Ripoff Report on 06/11/2012 02:22 PM and is a permanent record located here: http://www.ripoffreport.com/r/EX-Pawn/Indianapolis-Indiana-46226/EX-Pawn-I-pawned-2-diamond-rings-for-450-They-were-worth-around-5000-When-I-tried-to-895966. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on EX-Pawn

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
0Author 2Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Not suprising

AUTHOR: The Outlaw Josey Wales - (United States of America)

 Not amaze that Team Rebutt would leave this report alone
Respond to this report!
What's this?

#2 Consumer Comment

Not surprising.

AUTHOR: Flynrider - (USA)

   I would actually be surprised if you could find a pawn shop that would accept a credit card for payment of a loan.   The reason they don't is that the credit card charge can be reversed by payer once they have received their collateral.   Then the shop no longer has the collateral and now has to fight the card company to get paid.    While I'm not saying you or your friend would necessarily do this, a lot of people would.    The reversable nature of a credit card transaction makes it unsuitable for many types of transactions.

Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.



Ripoff Report Legal Directory