Cash Converters review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Cash Converters lends against a car logbook or pawnbroked goods, and the cost is steep: a representative APR of 155.8% against £1,000 to £10,000 borrowed. It suits an adult with something valuable to pledge who needs cash from a store visit, not anyone shopping for cheap credit.

Key facts

Best for
Borrowers with a logbook title or goods to pledge who want a store payout and no credit check.
APR
155.8% (Source, checked September 26, 2026)
Loan amount
£1,000 to £10,000 (Source, checked September 26, 2026)
Term
6 months (Source, checked September 26, 2026)
Arrangement fee
0 GBP (Source, checked September 26, 2026)
Credit check
None (Source, checked September 26, 2026)
Funding time
Instant cash in store (Source, checked September 26, 2026)
Representative example
Pawnbroking: amount of credit GBP 100, duration of agreement 6 months, rate of interest 125.9% (fixed) p.a., total amount payable GBP 162.94 in one instalment (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Broker (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Minimum age 18, proof of ID and address, subject to status and affordability (Source, checked September 26, 2026)
Loan types
Secured, Car (Source, checked September 26, 2026)
Credit needed
Poor (Source, checked September 26, 2026)
Legal entity
Cash Converters (UK) Limited (Source, checked September 26, 2026)
Headquarters
United Kingdom (Source, checked September 26, 2026)
Founded
1984 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
cashconverters.co.uk

Apps and profiles

Elsewhere
X

Pros and cons

Pros

  • No credit check on secured and car lending, so a poor credit history is not what decides the outcome.
  • Pawnbroking payout is Instant cash in store, which suits an urgent need for money.
  • Origination fee of 0 GBP on logbook money, and early repayment costs nothing.
  • Regulated in the UK by the Financial Conduct Authority under licence 680947.

Cons

  • 155.8% is the standout number here, well above the site median of 12%.
  • Terms run 6, so the cash has to be found quickly and the pledged asset stays exposed.
  • The business works as a broker, broker, and support runs on phone, email and help centre only.
Cash Converters

Ready to try Cash Converters?

Scored 8.9 / 10 by BorrowCue.

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Who it suits

  • Drivers with a logbook title who want fixed-rate car finance without a credit file check.
  • Adults holding goods worth pawning who need money from a store visit.
  • People comfortable with an asset securing the loan for its whole life.

Who should look elsewhere

  • Anyone chasing a low rate rather than speed: Sofkredit's APR of 10.74% to 18.06% sits far under 155.8%.
  • Borrowers after a bigger sum: Creduma ES lists amounts of from €12,000.
  • Online shoppers who want an app market such as Cashspace, with an APR of PHP 12 to PHP 36, rather than a pledge.

Where it sits among rivals

On loan amount, Cash Converters sits 260 out of 685 brands ranked. On APR it is 331 of 350, and on term 188 of 232. That mix of a modest sum, a high rate and a short term is what a store pledge looks like next to mainstream lenders.

Safety and regulation

Cash Converters operates as a broker, broker, and sits under the Financial Conduct Authority in the UK with licence 680947. The representative example published is a pawnbroking one: credit secured on goods, a fixed rate of interest, and the total repayable in a single instalment.

How Cash Converters compares

Where Cash Converters is available

Available
United Kingdom
Licence in United Kingdom
Financial Conduct Authority (680947), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does Cash Converters charge?+

The representative APR is 155.8% on pawnbroking, far above the site median of 12%. Interest is fixed, so the rate does not move during the agreement. Treat it as expensive borrowing rather than a cheap loan.

Are there fees on a logbook loan?+

The origination fee is 0 GBP on logbook money, so nothing is added upfront. The cost sits in the interest rather than in setup charges. Early repayment costs nothing either, which matters if the money arrives sooner than planned.

Does Cash Converters run a credit check?+

The credit check on pawnbroking is none, and the credit needed is listed as poor. Applying does not put a hard mark on the file, which is the main draw for borrowers with a damaged history. Affordability and status still apply.

Who regulates Cash Converters?+

It is regulated in the UK by the Financial Conduct Authority, licence 680947. The business works as a broker, broker, so the agreement is arranged through the company rather than a typical high street lender. The legal entity is Cash Converters (UK) Limited.

How long do the agreements run?+

The term is 6, which is short. That keeps the pledge held for less time, but it also means the cash has to be found fast and the goods stay at risk. Anyone wanting a longer repayment window should look elsewhere.

How quickly is the money available?+

Pawnbroking funds in store, Instant cash in store, and same day funding is part of what the brand sells. A logbook loan on a car follows the same broad promise of fast access. A store visit is needed, so it suits people who can reach a branch.

Who can apply?+

You need a minimum age, proof of ID and proof of address, and acceptance is subject to status and affordability. Borrowers with poor credit are the target market, since poor credit is what it looks for. Adults with an asset to pledge.

What can I borrow against?+

Loan types listed are secured and car, so a car logbook or goods held as security. Amounts run to £1,000 to £10,000. Because the security is the reason for approval, the asset has to be worth enough to cover the interest if you fall behind.

Sources

  • cashconverters.co.uk checked September 26, 2026

    Backs: Headquarters, Legal entity

    “registered in England, Registered Office: Artisan, Hillbottom Road, High Wycombe HP12 4HJ”

  • cashconverters.co.uk/about checked September 26, 2026

    Backs: Founded

    “Cash Converters started in Australia in 1984 and now there are over 700 stores worldwide.”

  • cashconverters.co.uk/about/contact-us checked September 26, 2026

    Backs: Support channels

    “If you have an issue you should call the store or alternatively use the form below to email the store.”

  • cashconverters.co.uk/borrow checked September 26, 2026

    Backs: Lender type, Loan types

    “Cash Converters (UK) Limited is a broker not a lender.”

  • cashconverters.co.uk/borrow/logbook-money checked September 26, 2026

    Backs: Loan amount, Credit needed, Arrangement fee

    “Borrow GBP 1,000 - GBP 10,000 or more from Logbook Money and keep driving your car”

  • cashconverters.co.uk/borrow/pawnbroking checked September 26, 2026

    Backs: APR, Credit check, Eligibility, Features, Free early repayment, Funding time, Pricing model, Rate type, Representative example, Term, Licences

    “Pawnbroking representative APR is 155.8%.”

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Cash Converters

Cash Converters

Borrowers with a logbook title or goods to pledge who want a store payout and no credit check.

8.9/10See alternatives

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