Cash4Gold a Scam?
You’ve seen the late night ads on television with smiling people claiming how they sent in their gold to Cash4Gold and received nice sized checks. The commercial was also advertised during last year’s Super Bowl, which featured broke stars, MC Hammer and Ed McMahon. A man named Frank came out to the press saying that the company only paid him .15 cents for jewelry that was appraised at $200. When he saw the check in the mail, he knew there had to be some mistake. When he gave the company a call, they turned around and accused him of trying to scam them. After four months of investigations involving attorneys and the Postal Service, he finally received a check for $140.15.
Another problem that was found with the Cash4Gold company is their deadline for returning checks. The company tells its customers that they have 12 days to return checks and have their gold mailed back to them. The catch here is that the time starts ticking when the check is written, not when it reaches your mailbox. This has caused many problems for their customers who think they have more days than they actually do. Some have called the company to only find out that their gold has already been melted down and can no longer be returned. What customers should know is that Cash4Gold is willing to negotiate their prices. Of course, they don’t say this upfront, but when customers complain about the prices, they make higher offers by claiming their gold has been reappraised.
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