How many Mobile phones do you have hanging around? Get up after reading this and just go and take a look, hunt around in your drawers, bottom of cupboards, etc and I bet you will find at least two or maybe three old mobile phones that haven't been used and are just sat there doing nothing. Heres something that will interest you, there's gold in them there mobiles - thats right, old mobiles are worth cash. For someone in debt or trying to save money here or there, old mobiles can be a source of quite a few pounds. What happens when you get home with that shiny new contract phone? Thats right, the old, just out of contract one that is maybe a year or 18 months old, just goes into a drawer somewhere, fighting for space with the charger and earphones, etc. If you're looking to save money or you're facing a little bit of debt, there is another use for those old handsets.
A few years ago companies started springing up that would buy old mobiles from anyone, whether on a personal or corporate basis and recycle them, moving them on to other companies that then refurbish them or reuse the materials. You may wonder why old phones hold any value at all, after all they're obsolete, right? I can guarantee that you would be hugely surprised at what actually happens to your mobile once you send it off to one of the many companies offering to buy your old phone such as Mazuma mobile, Mopay or any of the others.
As a phone comes into the company that brought it, it goes through a testing process, firstly to make sure that it is economically repairable but secondly to check the IMEi number against the Central Equipment Identity register database, just to make sure that it's not stolen. Then they check the components themselves, such as the keypads and the screens. A lot of them are then passed off to the repair centre. Even handsets that are beyond repair are worth something. They contain very small amounts of metals such as gold, platinum, silver and copper and the batteries contain nickel which, when combined with stainless steel, make the saucepans that we cook our homemade stew in. The plastic can even be melted down and reused in various objects. Probably about 20% of all recycled phones stay in the UK. That temporary replacement you are sent when your phone is being repaired or the one you get when yours has been stolen, is probably a recycled unit.
Old handsets can fetch from 2.50GBP up to 120GBP for some of the newer models. In terms of saving money or more correctly, making use of money you thought was dead, recycling mobile phones is a very good idea. So, take a look in the drawers, hunt in the cupboards, you might be surprised at what you find.
A few years ago companies started springing up that would buy old mobiles from anyone, whether on a personal or corporate basis and recycle them, moving them on to other companies that then refurbish them or reuse the materials. You may wonder why old phones hold any value at all, after all they're obsolete, right? I can guarantee that you would be hugely surprised at what actually happens to your mobile once you send it off to one of the many companies offering to buy your old phone such as Mazuma mobile, Mopay or any of the others.
As a phone comes into the company that brought it, it goes through a testing process, firstly to make sure that it is economically repairable but secondly to check the IMEi number against the Central Equipment Identity register database, just to make sure that it's not stolen. Then they check the components themselves, such as the keypads and the screens. A lot of them are then passed off to the repair centre. Even handsets that are beyond repair are worth something. They contain very small amounts of metals such as gold, platinum, silver and copper and the batteries contain nickel which, when combined with stainless steel, make the saucepans that we cook our homemade stew in. The plastic can even be melted down and reused in various objects. Probably about 20% of all recycled phones stay in the UK. That temporary replacement you are sent when your phone is being repaired or the one you get when yours has been stolen, is probably a recycled unit.
Old handsets can fetch from 2.50GBP up to 120GBP for some of the newer models. In terms of saving money or more correctly, making use of money you thought was dead, recycling mobile phones is a very good idea. So, take a look in the drawers, hunt in the cupboards, you might be surprised at what you find.
This post first appeared on The Financial Plan - Credit, Loans, Debt & Debt Ma, please read the originial post: here
