Loans for Unemployed People on Benefits - Cash Converters (IDEA 9 of 20)

This Post is Part 9 of the 20 Part Mini Series on Loans for unemployed people on benefit. One of the questions which is most asked on the Millionaires Giving Money Blog is - Do loans for people on unemployment benefits exist and how do I get one? After replying to a handful of these emails I was inspired to think of share 20 loan ideas for people on unemployment benefits. These 20 short sweet ideas are suitable for unemployed people, people on welfare benefits and disabled people in benefits as well as those who have bad credit history and bad credit store. Before you take out any loan always check the amount you borrow and the amount you have to repay. Always look for the cheapest APR loan so you pay less in interest. Always fill out an income and expense statement to determine how much surplus income you have to make the monthly repayments. So without further ado here is the Ninth Loan IDEA for people on unemployment benefits.

Loans for People on Unemployment Benefits - Cash Converters 

Cash Converters offer cash for your household products. If you need cash right now you can take any products such as Plasma TV, Bicycle, Games Console, Mobile Phones, Cell Phones and other gadgets and have them appraised so you can get a cash payment for the goods. The products are appraised and 50% to 75% of the value is given as cash. 100% is not given because the Cash Converters are taking on the risk of failure to sell. Cash converters offer services such as Pawnbroking, Cash for Gold, Cash Advances and Personal Loans on products. Cash Converter stores was launched in 1984 and has stores in over 21 countries.

To get started gather all your products which you no longer use which may still have value in them. These products could include unused TV's, DVD Players, Box Sets, Cell Phones, Tablets and any other gadgets. Try to appraise these products yourself by looking at the prices on eBay. Once you have an idea of the valuation you can take these over to Cash Converter Stores and then use their Pawnbroking service or Cash Advance service to get a loan. Always negotiate the APR amount so you pay less in interest payment. 

Once the loan is agreed in principal check the small print and find out how many payments can be missed before the goods are sold. Once the loan is approved make sure you set up an automatic transfer into your from your bank account to service the loan. Cash Converter loans for people on unemployment benefits is a convenient service if you need cash quickly and want a low APR secured with collateral.