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The man known to millions of cable TV viewers as "Chumlee" on the reality show Pawn Stars was being held late Wednesday in a Las Vegas jail following his arrest on felony weapon and drug charges. http://www.usatoday.com/story/life/people/2016/03/10/chumlee-pawn-stars-arrested-gun-drug-charges/81572946/
As the title says. Just been to renew my pawn shop loan (gold chains) and for the first time in years at least 5 been a customer they have changed the contract and raised the interest on me. Never in 5 years has this happened, the contract is just renewed with the same terms as the original but this time they have increased the interest. I had no choice but to sign as otherwise I would have lost my gold in 2 days. Can they change the contract on me like this making me pay out more each month in interest. Interest on the original loan was set at £12.50 and now its gone up to £13.89, While its not much it all adds up over the 6 months. Anyone any ideas if this can be classed as unfair terms so I can raise the matter with the fos. My wife and I do have quite a few pledges with the same company and if this is going to happen all the time we will never be able to afford to get the gold out. Regards George
Not sure if this is in the right group, Please remove/re-direct if incorrect. Have a few items of jewelery in the pawn shop and this week I have had to renew the loans on them, Pay the interest only and get another 7 months loan. Just noticed that they are been really sly and the interest rate is changing, (in their favor) each time. Does anyone know if the interest rate is suppose to stay the same as when you borrowed or can they just change each time you renew. Borrowed £102 on a chain with an interest rate of £8.15 per month, Just been to renew (7 months up today) and paid the interest but the new ticket now claims interest at £9.17 per month. I asked the lady who was serving me, so the interest has gone up then, she replied yes, if your not happy you can cancel within 14 days.(pay the loan amount and 0.30 a day interest.) If I had the cash I would have cancelled but what are you suppose to do if your not happy with them hiking the interest up knowing you can't afford to get your goods out. Going to write to Herbert Browns and ask them also get there complaints procedure. Anyone any idea if they are allowed to do this? George