With money tighter than ever, selling your video games can be the easiest and fastest way to make a good amount of cash.

While most people immediately think of Gamstop when they imagine selling their old PS2, the big box chain is notorious for its low pay-out of electronics, not to mention that the company itself shouldn't be supported, as it endangered the lives of their employees during COVID-19's initial outbreak and is regularly castigated about its poor treatment of their employees. Meanwhile, there remain a handful of reliable companies that pay good money for those dusty video games and old iPod Nanos. Here are just a few of the great places in 2020 where you can sell your Xbox this quarantine.

Decluttr

Decluttr logo

Video games, old consoles, CDs, DVDs and even books are accepted on Decluttr. They accept a vast array of electronics, just make sure video games are from either a PlayStation, Xbox or Nintendo console. Shipping is free, and payments are sent via direct deposit or PayPal. It's easy to sign up, and you only need to sell $5 worth of goods to get started.

Craigslist

people selling electronics

It's true that Craigslist janky layout may seem alarming, but the website has remained incredibly reliable over the years when it comes to selling goods. All of the sales have to be made locally, but other than that there remain few limitations as to what you can sell. Also, local sales mean no shipping costs or secret commissions. Just make sure to give yourself a larger time frame for when you'd need the cash. Since it's strictly local, it may take a bit for buyers to reach out, and the coordination for how to exchange goods can be a bit time consuming.

DK Oldies

DK Oldies

Has your collection of old '90s video games been collecting dust in your closet for years? DK Oldies is video game specific and remains one of the go-to websites for sellers. Old consoles are DK's speciality and will accept any of the old Game Boys, as well as past Nintendo and Sega consoles. Their pay-out is solid, and when you exchange games for store credit you receive a 20% bonus. They often post listing of games and systems that DK is particularly interested in, so make sure to be on the lookout!

Gameflip

gameflip

Another site for those who no longer want their video game collection, Gameflip specializes in more modern consoles and games, which generally means people buy faster and spend more. While the company only ships to US addresses, they make it so you can even sell digital games as well.

eBay

Do you have a coveted Nintendo 64 with a stacked collection of games? eBay is the place for you, if you want to sell it to the highest bidder. Goldeneye or the original MarioKart are gonna go for a hefty sum on a site like eBay, and all you need to do is watch users bid it out. But if you need money fast, the site also offers a "Buy It Now" instant listing option.

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It's easy to forget that the presidency of the United States is a government job just like any other–in that it comes with a stipulated salary and benefits.

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What do you do when financial hardship hits and you can't make your monthly mortgage payments? This is a question on many homeowner's minds as nearly 17.8 million Americans are reportedly unemployed during the coronavirus pandemic.

When homeowners face financial hardship, such as the loss of a job, they often look to obtain a forbearance agreement from their lender. A forbearance happens when your lender grants you a temporary pause or reduction in monthly payments on your mortgage. Forbearance is not the same as payment forgiveness, in that you still have to pay the entire amount back by an agreed-upon time.

Mortgage lending institutions differ on their mortgage relief policies and qualifications; however, the Coronavirus Aid, Relief, and Economic Security (CARES) Act were signed into law in late March of this year to protect government-backed mortgages.

Federally backed mortgages include:

  • Fannie Mae
  • Freddie Mac
  • The Federal Housing Administration (FHA)
  • The US Department of Veteran Affairs (VA)
  • The US Department of Agriculture (USDA)

Under the CARES Act, homeowners with a federally backed loan who either directly or indirectly suffer financial hardship due to coronavirus automatically qualify for mortgage forbearance.

Even if your mortgage is not secured by one of these agencies, you still can call and see if you qualify, as many lenders will still offer the option in order to avoid foreclosures.

Under the CARES act, homeowners can claim mortgage forbearance due to financial hardship from COVID-19 for up to 12 months without requiring any documentation or verification. During the forbearance period, mortgage lenders cannot charge late fees or penalties.

Additionally, as long as your mortgage is current at the time you claim forbearance, the lender is required to keep reporting your mortgage as paid current throughout the entire period.

At the end of the forbearance, the CARES act protects consumers from having to make a lump sum payment. Instead, you will be given a repayment plan from your provider. Since repayment options vary, it's important you ask your provider about all of your repayment options.

Possible Repayment Options:

You may be eligible for a loan modification at the end of your forbearance. With modification, the mortgage terms are changed in order to add payments that were missed during the forbearance onto the end of the loan, extending the term.

Another option that may work for some is a reduced payment option. This allows you to keep paying monthly payments at a reduced amount. The amount missed is usually added back into the monthly payments at the end of the forbearance.

For example:

Regular payment: $1000 per month

Reduced payment: $500 per month

Payment after forbearance period: $1500 (until caught up)

Balloon payments, or lump sum payments at the end of the forbearance, are prohibited under the CARES Act. However, mortgage lenders may require homeowners who are not protected under the CARES Act to make a balloon payment at the end, so again it is best to check first with your provider.

Mortgage forbearance should only be considered in true financial hardship. In other words, just because of the pandemic, you should not take a forbearance on your mortgage if you can still afford your payments. Likewise, if you are able to start making payments before the forbearance period is up, it's best to do so as soon as possible.

The Next Steps:

Before you get in touch with your mortgage servicer, save time by gathering as much documentation about the mortgage as you can. Also, be ready to list your income and monthly expenses. Due to an influx in calls, financial institutions are experiencing extremely long wait times right now, and having your information at the ready will help.

Have questions ready to ask. Here are some questions you should be asking:

  • What fees are associated with the forbearance?
  • What are all the repayment options available to you at the end of the forbearance?
  • Will you be charged interest during the forbearance period?

If your forbearance is approved, make sure to keep all documentation pertaining to it. Make sure to cancel any automatic payments to the mortgage during the forbearance period, and keep tabs on your credit report to make sure your lender doesn't report the loan as unpaid.


For more information on forbearance, contact your lender and discuss your options. If you need more assistance with understanding your options, you can contact a local agent for the housing counseling agency, or call their hotline at 1-800-569-4287.