Logbook Loans
Logbook Loans are cash loans which are secured on your cars documents. They allow you to release the equity in your car without losing the use of it.
The amount you can borrow depends on the make, model and year of your car. The loan provider will keep the logbook (V5 document) until the loan is paid off. Most logbook loan providers require the vehicle to have a valid MOT and some require that the vehicle is also taxed and insured. You will keep possession of your vehicle, so you do not lose the use of it, all the loan provider requires is the documents. Logbook loans are ideal if you have bad credit, CCJ's or are otherwise unable to secure a loan as there is no credit checking. You can apply online and you loan can often be completed the same day. Logbook loans are more flexible than payday loans as they are usually over a longer period - usually around six months.
Logbook Loan Lenders in the UK
|
See also - Guaranteed Acceptance Car Finance - get a car loan today regardless of credit
history, no deposit required - use at any UK dealer