Consumers urged to sell items 'only as last resort'

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Consumers urged to sell items 'only as last resort'

Individuals who are considering selling off their prized possessions in a bid to pay off their loans are being advised to call in the help of a debt charity first.

David Rodger, managing director of national charity the Debt Advice Foundation, said that when people are thinking of selling off their most valuable items it is often indicative of far more pressing underlying issues.

Instead of selling just to meet their monthly payments they should first of all speak to a debt charity which may be able to offer help.

An advisor will help them to consider their options and in many cases stop them from needing to part with their belongings.

His comments follow the news from moneysupermarket.com that many TV advertised gold services pay less than a pawnbroker or a high street jeweller for the jewellery that is sent to them.

In one incident, a gold company offered just £10 for a gold bangle that had a retail value of £215.

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