Pawnbroking | Cash Converters (2024)

Cash Converters are one of the UK’s leading Pawnbrokers with over 180 stores across the UK. Simply bring in your items of value that you want to unlock the value of.

A pawnbroking loan is a fixed-term loan agreement secured on the items you pledge. We keep the item safe for you and lend you money against it over a six-month period. When you are ready to redeem, simply pay back the loan and interest and your valuables will be returned.

Pawnbroking representative APR is 155.8%.

Amount of credit £100; duration of agreement 6 months; rate of interest 119.9% (fixed) p.a.
Total amount payable: £159.94 in one instalment.*

*Late re-payment can cause serious money problems, if you do not keep up with your repayments your items could be at risk. For help and advice, visit www.moneyadviceservice.org.uk

Members of the National Pawnbrokers Association

Cash Converters (UK) Limited is a credit broker and not a lender, acting for franchisees and stores trading as Cash Converters.

Minimum age 18 and proof of ID and address required. Subject to status and affordability. Failure to keep up with payments may result in the loss of your goods. Further terms and conditions apply, ask in store or see FAQs below for more details.

Pawnbroking FAQs

  • What is a pawnbroking loan?

    It is a fixed-term loan agreement secured on the items of value, such as gold, silver and quality watches.

  • How does a pawnbroking loan work?

    You can take out apawnbroking loanwith us by using an item of value as security.

    We will hold your item and charge a monthly interest rate on the money you borrow. When you pay off the loan amount and any interest owing, you get your item back.

  • What items can I loan against?

    You can loan on most items of value you own, provided that they’re in full working order.

    For example, we loan cash for items like jewellery, watches, gold and other precious metals. If you’re not sure whether an item you have can be loaned against, contact your local store.

  • How long is a pawnbroking loan for?

    A pawnbroking loan is a short-term secured loan that lasts for six months, however, the loan can have overpayments made or even be fully paid off early which will reduce the total amount of interest paid.

  • What is the interest rate on a pawnbroking loan?

    Representative APR:

    Pawnbroking representative APR is: 155.8%

    Representative example:

    Amount of credit £100; duration of agreement 6 months; rate of interest 119.9% (fixed) p.a.
    Total amount payable: £159.94 in one instalment.

  • Do I need prove who I am and where I live?

    Yes, you will be asked to bring in a form of photographic identity and one proof of address.

  • Can I make early or partial repayments?

    Yes, you can make partial or a full payment at any point during your agreement. This will reduce the total interest charged, enquire instore for full terms and conditions.

  • When do I get my item(s) back?

    Once you have made the final repayment of your loan you will recieve your item(s) back.

  • What if I can't repay the loan?

    If you are unable or choose not to repay the loan, your item(s) will be sold to repay any amount outstanding. Monies will be repaid to you if the sale proceeds are greater than the amount under the loan.
    Late repayment can cause serious money problems. For help and advice, visit www.moneyadviceservice.org.uk

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We're Local

With over 180 stores UK wide, you’re sure to find a store close by. Pop in and say hi.

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Hassle Free

Don’t wait! Head to your local Cash Converters store where the friendly, knowledgeable team will professionally value your item and answer any questions you may have.

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No Credit Checks

Security for your loan is on your pledge, not your financial history.

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Pawnbroking | Cash Converters (2024)

FAQs

What items can I pawn at Cash Converters? ›

You can loan on most items of value you own, provided that they're in full working order. For example, we loan cash for items like jewellery, gold, watches, smartphones, tablets and laptops, musical instruments, sporting goods, power tools and gaming gear.

Do Cash Converters give you a fair price? ›

In order to make a profit, they need to factor in how much someone would pay for second-hand items and how much it costs to buy from you. Not every Cash Converters will give you the same price for an item. Seek out areas where the item is likely to be more in demand if you want to get the best price.

Do Cash Converters pay instantly? ›

We pay instant cash for most items of value – find your nearest store.

Do you get money straight away from Cash Converters? ›

We'll validate the information you've submitted to make sure we're lending you the right amount and it meets your needs. If approved, you can receive instant cash on the spot.

What is the most valuable thing to pawn? ›

  • Jewelry. Necklaces, Bracelets, Rings, Watches, Earrings, Pins, Gold Jewelry, Silver Jewelry. ...
  • Precious Metals. Gold, Silver, Platinum, Copper. ...
  • Gemstones. Gemstones are also a great way to get quick cash. ...
  • Electronics. ...
  • Firearms (registered to you) ...
  • Power Tools + Equipment. ...
  • Antiques / Collectibles. ...
  • Musical Instruments.

How much of an items value does a pawn shop give you? ›

How Pawn Shops Work. At a pawn shop, you leave your property and, in return, the pawnbroker typically lends you approximately 25% to 60% of the item's resale value. The most commonly pawned items are jewelry, electronic and photography equipment, musical instruments, and firearms.

How long does it take to sell at Cash Converters? ›

It usually takes about 15 minutes to sell an item to our friendly team. The operator will ask you some questions about your item, then you'll come to an agreement on a price. If you're happy with the price you're offered, consider it a deal!

How much money do Cash Converters pay? ›

Salaries by job title at Cash Converters
Job titleTotal Pay Base | Additional
Manager 3 Salaries submitted $30-$32 $31 | $0 1 open jobs$30-$32 $31 | $0
Buys and Loans Manager 3 Salaries submitted $24-$39 $27 | $6 0 open jobs$24-$39 $27 | $6
Loan Officer 2 Salaries submitted $19-$24 $21 | $0 0 open jobs$19-$24 $21 | $0
17 more rows

Do you need receipt for Cash Converters? ›

If there are any doubts about the ownership of the items – particularly if they are brand new – we will ask for proof of purchase.

How does pawnbroking work? ›

Pawnbrokers offer short-term loans secured against the value of an item. The pawnbroker will keep hold of the item until you repay the loan, or sell the item if you fail to pay off the loan.

Do you need ID to sell to Cash Converters? ›

We need to check your ID before we can give you any cash for your item(s). Once we have confirmed your identity, your details, photo and history records will be into our computer database. Please click here for a list of acceptable identification documents. Need more information about selling items to Cash Converters?

Can you haggle with Cash Converters? ›

You can haggle prices with Cash Converters

At the end of the day, you can try your best with all of these tips, but you need to be prepared to hear the word 'no'. There could be a variety of reasons why the seller doesn't want to meet your price, and that's okay.

What app will give me $200 instantly no credit check? ›

These apps are helpful for users with low credit scores as there's no credit check involved. Cash advance companies typically deposit money directly into your bank account, making it easy to access the funds. Our top picks from among these apps are Brigit, Empower and MoneyLion.

How long does it take for Cash Converters to approve a loan? ›

If you have all the documents available when you apply, the loan verification process can take as little as 24 hours whether you apply online or in-store. Once your loan application has been approved, funds are deposited in real time to your account (this could be as little as 20 minutes depending on your bank).

Do Cash Converters check credit score? ›

We do credit checks for Personal Loan applications only, this will leave a general finance inquiry on your credit file. However, as long as your current financial situation is stable, we will consider your loan application.

What pieces can you trade a pawn for? ›

In chess, promotion is the replacement of a pawn with a new piece when the pawn is moved to its last rank . The player replaces the pawn immediately with a queen, rook, bishop, or knight of the same color . The new piece does not have to be a previously captured piece.

Can I sell items in Cash Converters? ›

Customers can bring the items that they want to sell to any of our conveniently located stores, where the selling price will be discussed/negotiated. As there are so many products in the market, we need to look at the product in its actual state to give a fair price estimate.

Do Cash Converters lend money? ›

Extra cash with our online and in-store cash loan options. We know that life doesn't always go to plan and that the unexpected happens. That's why Cash Converters has a range of short-term cash loans online and in-store to suit you.

What pawn will i redeem? ›

"What You Pawn I Will Redeem" is the story of a financially strapped Spokane Indian man faced with the task of coming up with nearly one thousand dollars in twenty-four hours in order to reclaim his grandmother's stolen powwow attire from a pawnshop.

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