Release Gold Pledged at a Bank or Finance Company

The situation this is for

You pledged jewellery a year or two ago because money was needed quickly. The interest has been running since. Perhaps the instalments have slipped, perhaps a notice has arrived, perhaps you have simply decided the gold is doing you no good sitting in a locker.

You cannot sell it while it is pledged, and you cannot get it back without clearing the loan. That is the trap, and it is the one thing we exist to open.

How it works

Bring the pledge receipt, or just the loan account number. We find out exactly what is outstanding, including the interest to date. We weigh and test your gold in front of you and tell you what it is worth at today’s rate.

If the figure works for you, we settle the loan directly with the bank or the finance company, take the gold out, and pay you the balance. If it does not work for you, you have lost nothing but an hour.

What you should check before agreeing

Ask us three things, and ask the same three of anybody else you speak to. What is the rate per gram today. What is being deducted for the outstanding loan. What is left for you. Those three numbers should add up in front of you, on paper, before anything moves.

A firm that will not write those numbers down is a firm to walk away from.