Cash converters

[geebee1982]

If I pawn something (to cash converters) and I get �60 for it, would I pay �60 to get it back or the price they would sell it on for?

I would use Ebay but I need the money faster than that

I have no clue how a this works!

[CheekyChops]

Under their 'Butback' scheme, you have 28 days in which you can buy your item back at the price that they gave you for it, plus a fee. They don;t specify what the fee is. See their website for more info:

http://www.cashconverters.co.uk/services_detai l.php?s=buybacks

[CheekyChops]

Oops, that should read *'Buyback'*

[Buenchico]

CheekyChops has probably provided the correct link because most people who get a short term cash advance from Cash Converters take in non-jewellery items and use the 'Buy Back' scheme (which isn't the same as pawnbroking).

As CheekyChops indicates, you have only 28 days to buy items back under that scheme and you pay the same fee to get an item back whether you return one day later or 28 days later.

However, if you're taking jewellery into Cash Converters, you can use their 'true' pawnbroking scheme (which is regulated by the Consumer Credit Act). You then have 6 months to get your property back. During that period, monthly interest is charged, so you'll pay more if you return nearer the end of the 6 month period than at the beginning.

The link for the pawnbroking service is this one:
http://www.cashconverters.co.uk/services_detai l.php?s=pawnbroking

Chris