Unlock Up to 25,000 of Your Vehicle's Cash!
Are you in need of some quick cash loan? Are you having difficulty getting one because of your credit situation? If so, Logbook Loan Consultants is here to help you release the cash in your vehicle within a few minutes. That is, no paperwork, no credit checks, no waiting for days. Just fill out our FREE online form to see if you qualify!
We know for a fact that getting financial assistance is extremely difficult these days without perfect credit to back you up. If you're one of the many customers who have been turned away by banks and credit unions alike because of your credit problems, why not release the cash that you already have? This is made possible through a logbook loan and with the help of Logbook Loan Consultants!
How Logbook Loans Work?
Logbook loans are a type of secured loans, in which a collateral is required in order for the borrower to qualify for a loan. While other forms of secured loans may be able to accept your home equity, vehicle, or other valuable assets as a type of collateral, in the case of a logbook loan only vehicles are considered as an accepted form of security.
So what makes a logbook loan unique? Logbook lenders do not carry out credit checks unlike standard bank loans, so whether you have acquired charge-offs or are going through debt management, you will still be given out a loan, provided that you can afford the repayments. As long as you are at least 18 years of age, own a vehicle under your name (one that is cleared of financing), and have resided in the UK for the past three years, you are very welcome to apply!
Who Are They for?
Logbook loans are mostly ideal for those whose credit scores are inferior, simply because these loans do not conduct any credit checks. If you have been rejected for a loan before, a logbook loan can help ensure that the same thing won't happen again.
Also, a logbook loan may be suitable if you need the cash very quick. Unlike other forms of credit, logbook loan money is available within 24 hours, even less. That's just one of the perks of a
no credit check loan! For more information, visit v5 loans.
How to Make Repayments?
To pay back the loan you borrowed, you simply have to set up your bank account or your debit card so that payments will be made to the lender automatically during specific day/days of the month, usually your payday. Depending on how often you are compensated, you can setup the payment schedule on a weekly or monthly basis.
The first repayment will start on your next payday, and will last depending on the contract's length. A logbook loan is designed mainly for short term borrowing, and usually doesn't last for more than 72 weeks.
What are the Requirements?
If you want to apply for a logbook loan, be sure to have the following ready:
- Proof of ID
- Proof of vehicle ownership (registration certificate or logbook)
- Vehicle insurance details
- Ministry of Transport certificate
- Proof of address
- Proof of income
- UK bank account/debit card
If you are self-employed, don't worry! Logbook loan lenders welcome every type of employment. If you don't have wage slips, just present your bank statements and you're good to go!
How Much Do They Cost?
The cost of a logbook loan varies from lender to lender. In fact, there are a few factors to consider, including the loan amount, the rate of interest, the length of repayments, and the timeliness of your payments. While some of these factors may be beyond your control, Logbook Loan Consultants is here to make shopping around for the best loan deals a whole lot easier. We know that each provider is different in terms of their rates and other applicable charges, and we are here to make sure that you are getting the most value out of your money.
For a more detailed explanation on logbook loan rates and terms, you can get more info at LogbookLoan123.co.uk
But our service? Totally FREE! There's no cost and absolutely no obligation for you to use Logbook Loan Consultant's unique comparison service. Just enter your contact details through our easy online form and we will show you the best rates almost instantly!
Should You Take Out a Logbook Loan?
Any type of loan should be given careful thought, especially when there's collateral involved. To know more if a logbook loan is for you, please visit Money Advice Service.