Surplus: Pawnbroking Agreement and Item

surplus: If you do not redeem your loan on the agreed date your pledged item s may be sold in accordance with your pawnbroking agreement, the company said, according to The Guardian. If your item is sold for a surplus, we will write to inform you how you can receive these funds. But the pawnbroker, which is owned by Oxford-based Speedloan Finance, said nothing about the future of the 116 shops it operates alongside its sister brand, Herbert Brown. A customer service telephone number appeared to be overwhelmed or not working, with calls eliciting an engaged tone. The website offered no detail about the overall financial health of the company, saying only that this store had ceased trading and that affected customers would receive a letter. The Guardian phoned more than a dozen shops around the country, none of which answered the phone, while a staff member at Albermarle & Bond's Reading office could not provide any information. (news.financializer.com). As reported in the news.