Pawn

Pawn Process Overview:

1. Application or Contact Support: Describe the item you wish to pawn and attach photos of the item.
2. Receive a Quote: Based on the information provided about your item, we will inform you of its eligible loan value. Loan amounts vary according to the type of item.
3. Shipment or Drop-off: You have the option to mail your item or bring it directly to our store.
4. Await Appraisal and Receive Loan: Once we receive the item, our expert appraisers will evaluate it. Upon successful appraisal, we will promptly settle with you and sign a pawn loan agreement.
5. Follow-Up Procedure: Our pawn loans accrue interest monthly. By paying the interest due each month before the deadline, we will continue to safeguard your item. Failure to pay interest by the due date allows us, as per the contract, the right to process the item as deemed necessary.

Loan Amounts and Monthly Fees:

TERMS AND CONDITIONS

1. If this Pawn Ticket covers more than one item of goods, the items may not be separately redeemed.

2. Goods may only be redeemed upon presentation of this Pawn Ticket and valid identification. Collins Rain Luxury reserves the right to refuse redemption if satisfactory proof of identity is not provided. lf a ticket is stolen, a new ticket will be issued only in accordance with the applicable statute.

3. Interest as stated on the front of this Pawn Ticket will be charged from the date of this contract until the date of redemption or sale. A minimum of one month's interest will be charged at the date of this contract.

4. The Redemption Period shall be for a period no less than 1 month, or as per relevant State Pawnbrokers' Legislation. The Redemption Period is stated on this Pawn Ticket.

5. The goods will be stored for exactly the number of months stated as the Redemption Period. If you require more time to pay back the loan, you can pay one month's interest as shown on this Pawn Ticket before the Redemption Period expiry date. Please remember to allow enough time for the bank transfer to reach Collins Rain Luxury. This payment will extend the Due Date and Redemption Period by one month until the total redemption period reached 12 months, after which no further interest will be added to the outstanding balance.

6. If you fail to redeem the goods or pay interest due by the Due Date, Collins Rain Luxury may sell or otherwise dispose of the goods in accordance with applicable law, without further notice.

7. Collins Rain Luxury is not liable for any loss of the goods due to burglary, fire, theft or any other circumstance not reasonably within its control. You should separately insure the goods for these risks.

8. Cheques will not be accepted as a form of payment of any amount due under this contract.

9. The goods may be redeemed through negotiation at any time prior to sale. In the case of goods intended for sale by auction or consignment, redemption is permitted at any time before the goods are consigned for auction or offered for sale under a consignment arrangement. This right to redeem applies even after the expiry of the Redemption Period, provided that the Amount Lent, all accrued interest, and any applicable charges are paid in full.

10. Collins Rain Luxury will keep the goods during the Redemption Period at the premises where they are pawned, except where the goods have been moved to a secure storage facility that is listed on our relevant licence.

11. Collins Rain Luxury reserves the right to amend these Terms and Conditions from time to time, provided that any changes will not affect the terms of an existing contract.