Pledge Agreement

You are entering into a Pawn agreement. This means that you hand us your goods as a pledge, and we provide you with money. You do not have to pay back any money unless you want your goods back.

YOUR RIGHTS AND OBLIGATIONS RELATING TO PAWNED GOODS ARE SET OUT IN THE SECONDHAND DEALERS AND PAWNBROKERS ACT 2003 (the Act”)

• You (“the Pledger”) are pledging the pawned goods to the Pawnbroker. This means that the Pawnbroker holds the pawned goods and has rights in them. You have the right to get the goods back but only if you pay the redemption fee for the goods on or before the redemption date.
• You do not have to pay us money at all, unless you want your pawned goods back.
• To redeem your pawned goods, you must pay us the redemption amount set out in the table on the reverse of this ticket. The redemption amount increases each month we hold the pawned goods, to cover our costs.
• If you want us to extend the final redemption date, you must come in and pay us 1-month fees that are shown to extend the contract to a new redemption date, but you must do this before the current redemption date.
• If you do not redeem the pawned goods by the redemption date, we can sell the goods, free of claim ………………… (initial)
• I confirm that the pawned goods are not essential to me and that sale of the pawned goods would not cause me substantial hardship ………………….. (initial)
• If you do not redeem the pawned goods, we will deduct the following amounts from the proceeds of the sale of property. The costs of selling including but not limited to cleaning, fixing, valuing, resetting, presenting, marketing, auditing, storing and securing the property. The principal amount of the loan advanced. The amount of redemption fees we would have received if the property was redeemed on the last day of the redemption period, including any extra month’s fees for the pledge being held past the redemption date.
• The Pledger is entitled to any surplus arising from the sale of the property after the deduction of the above selling costs, principal loan amount and fees at redemption.
• I understand that if there is a claim over the goods by someone else with rights over them, I must pay all of your reasonable costs, and those of anyone that we may have sold the goods to.
• By signing this pledge agreement, you are confirming you are over the age of 18 years and not under the influence of alcohol or drugs.
• Take care of this pledge ticket. Under the Act, we are able to give the pawned goods to any person who holds this ticket, unless we have proof that they are not entitled to it. If you lose the ticket, we can give you a copy, but you must first show us suitable photographic identity documentation such as a passport or driver’s licence.
• We will take care to store the pawned goods, but we do not insure them. We are not responsible for Police seizure of the goods, or loss or damage for reasons outside of our control, including fire, water damage or burglary.
• All advances under $30 incur a $10 charge per month.
• Vehicle pawn loans stored offsite in storage facilities will incur a monthly storage cost. These costs will be those of the storage facility only and explained in advance for acceptance prior to creating or completing a pawn loan. You agree to pay the monthly storage costs in full, if redeeming your pledge on the final redemption date of the pledge agreement, or on each extension payment if & when made.

Milford 2025 AU PTY LTD trading as Dollar Dealers & Gold House are licensed Pawnbrokers under the Secondhand Dealers and Pawnbrokers Act 2003