Mike's Pawn Shop LLC

HelloFirst I would like to thank the Revdex.com and Ms*** for taking the time to address this matter with me I truly understand how this can be frustrating and personally work to see that my customers
needs are taken care of. I spoke with her a few days after reading the complaint and explained how it was possible to receive a late notice on tickets at the same time and she thanked me for explaining it to herI have received this question a few times in my years in the business as a pawnbrokerPawnbrokers are governed by state law, the Pawnbrokers Act, and strict regulation is enforcedWe have a set price that we are allowed to charge by lawThere cannot be any hidden fees or extra chargesIt would be against state lawOversight is actually stricter than a bankSometimes is not understood how a loan can come due at the same time as loans done previouslyThe reason is simpleThe forfeit date is set when the notice is sent months after the loans origination giving the loan another month for a total of monthsThe notices are mailed once a month, therefore, any loan that comes due between the two mailings are going top get extra time before the forfeit date is establish, some loans actually get month extraIn that time a payment can be made to extend the loanThis way we can send the notices to allow for a more convenient time for our customers to make the paymentWe make sure it is after the first of the month and on a friday for the benefit of the customer so they will not lose their merchandiseThe only way to avoid this is to pay the loan payment monthly and avoid the payments from accumulating
Of course, if anyone would have any questions, I would be glad to talk with themMy number is 614-475-***
Thanks,

Hello.First I would like to thank the Revdex.com and Ms*** for taking the time to address this matter with meI truly understand how this can be frustrating and personally work to see that my customers needs are taken care of. I spoke with her a few days after reading the complaint and
explained how it was possible to receive a late notice on tickets at the same time and she thanked me for explaining it to herI have received this question a few times in my years in the business as a pawnbrokerPawnbrokers are governed by state law, the Pawnbrokers Act, and strict regulation is enforcedWe have a set price that we are allowed to charge by lawThere cannot be any hidden fees or extra chargesIt would be against state lawOversight is actually stricter than a bankSometimes is not understood how a loan can come due at the same time as loans done previouslyThe reason is simpleThe forfeit date is set when the notice is sent months after the loans origination giving the loan another month for a total of monthsThe notices are mailed once a month, therefore, any loan that comes due between the two mailings are going top get extra time before the forfeit date is establish, some loans actually get month extraIn that time a payment can be made to extend the loanThis way we can send the notices to allow for a more convenient time for our customers to make the paymentWe make sure it is after the first of the month and on a friday for the benefit of the customer so they will not lose their merchandiseThe only way to avoid this is to pay the loan payment monthly and avoid the payments from accumulatingOf course, if anyone would have any questions, I would be glad to talk with themMy number is 614-475-*** Thanks,