Pawnbroking UK
If you need to raise cash fast, try our simple and quick Pawnbroking service. Simply bring in your items of gold & platinum jewellery, diamonds or antique jewellery to one of our stores, and one of our Pawnbroking experts who will give you an instant cash loan against your items.
Pawnbroking has long been a way to get hold of some extra cash in a hurry. In fact this practice began way back in the 13th century. The basic process hasn’t changed much in the intervening eight hundred years or so, but the people you might approach now for pawnbroking purposes are very different from the Francescan monks who first started it all!
In fact, one of the most accessible pawnbroking establishments you can visit today is Cash Converters. Our service isn’t just fast, it’s reliable too - which is why so many other people have already benefited from it.
The idea behind pawnbroking is a simple one. The first thing that many people think of when they run short of money is to try and get a loan, but this isn’t always a practical solution. First of all it ties you into making repayments for a long period of time - something that you may not want. There’s also a possibility that you may not even be accepted for a loan, and even if you are it’s not usually a particularly quick process.
Now let’s compare this with pawnbroking. The idea is that you borrow money from a pawnbroker by offering up something that you already own which has a good value. The best example - and one that applies to Cash Converters - is jewellery.
Items of gold and platinum jewellery can both be extremely valuable, depending on the age and quality of the items. And you can of course choose to bring in a whole range of different items of jewellery if you wish; it all depends on what you have and how much cash you need.
We will then decide on a sum to loan you, which is made against the items of jewellery in question. If you opt to use the pawnbroking service offered by Cash Converters, we will keep the jewellery and you will get your cash immediately. Now that’s a lot faster than any loan you could get elsewhere!
And of course provided you pay back the amount loaned, plus the agreed interest, within the term of the loan, you’ll get your jewellery back just as it was when you pawned it.
It’s understandable why so many people find this to be a convenient and easy way to access some fast cash just when they need it the most. Pawnbroking has solved cash flow and money problems for people for hundreds of years and easily pre-dates the modern banking system. It might seem strange to think of pawnbroking as one of the main trades all those years ago, with not a bank in sight, but that was how things were.
It’s refreshing too though to see that pawnbroking still has its place nowadays. And you can rely on Cash Converters to keep that trend going, with its attention to detail and quick and friendly service that ensures you get the cash you need, exactly when you need it the most.
Get instant cash for your goods today!
Here's how it works:
- You can borrow up to £10,000 on any single Pawnbroking contract. We have a minimum loan value in some stores, so please check with your local store.
- When you bring your goods to us we will discuss your requirements with you, and wherever possible offer you a second-hand resale value against your item(s).
- Your information and photo will be entered onto our computer database.
- Pawnbroking contracts are for a period of 6 months and are regulated by the Consumer Credit Act 1974*
- Interest on the loan accumulates or each month or part of a month that the contract runs.
- Interest is only payable at the time that the Pawnbroking contract is settled.
- We retain your goods until the contract is settled.
- Where applicable, all items will be tested in store, so there will be no recourse to vendor.
Here's what you need:
- You must be over 18 years of age
- You will need to bring a minimum of three recent documents of identification - including at least one signature and another with proof of address, e.g. driving licence, passport or similar. We will need to check these before we can give you any cash for your cheque.
- Your information, photo and subsequent history records will be entered onto our computer database.
If you would like to know more about our Pawnbroking, please find your nearest store and speak to our helpful and friendly experts, who will be more than happy to give you all the information you need.
*The 1998 amendments to the CCA allow that, if the contract is not redeemed and the loan is £75 or under, then the goods become our property. Where the loan is more than £75 we must dispose of the items on your behalf for a fair market value and advise you of the results. If the amount realised (after deducting sale costs) is more than the amount you owe at the date of sale then you can claim the surplus.