If you need cash in a hurry then a logbook loan could be the perfect answer. You keep driving your car however use the value of your car as security against a loan. The funds can be issued the same day plus what's more there are no credit checks.
Logbook Loans Procedure Explained Click Here
Logbook Loans
Logbook Loans have been in existence for over 8 years and currently manage in excess of £10m worth of loans for its customer base. • Logbook Loans offer a loan which is secured against the value of a vehicle using the log book. • No Credit Checks • Rapid Access to Cash: Logbook Loans are able to make cash available within 24 hours! • Applicants can borrow anywhere from £500 to £50,000 dependent on the value of their vehicle. • Flexible Loan Period.
Mobile Money
Unlock the cash in your car with a log book loan! A log book loan is one of the easiest & quickest ways to get the cash loan you need. You simply drive into your nearest Mobile Money branch, & drive out with your cash. You keep your car and we hold on to your
log book until you have repaid your loan.
V5 Loans
Loans are secured against your car. Cars can be used as collateral to secure a loan. You keep the car. Carry on driving your car as usual for the duration of the loan. No credit checks. Your credit rating is irrelevant. Your security is your car.
What is a logbook loan?
What is it?
A log book loan is, in simple terms, a personal loan where borrowing is arranged against the value of your car.
The loan can be offered on a ‘same day’ basis to the car owner, the person who is the registered keeper. Although no credit checks are required, applicants need to demonstrate that they have adequate income to cover the repayments. The car will also need to be less than eight years old; of sufficient value; taxed and insured with an valid MOT and; not subject any finance agreements. The lender will hold the log book for the vehicle for the duration of the loan whilst you continue to drive your card as normal.
Pros
No credit check is carried out so your financial history has no impact on your application. Access to borrowing is quick as the loan is available on a ‘same day’ basis. You continue to have full use of the vehicle whilst repaying the loan.
Cons
Because lending is arranged over a relatively short term, the time which you pay back the debt, interest rates can be high. The amount that can be borrowed is based solely on the value of the car, not your ability to repay. Failure to maintain payments could result in you loosing ownership of the vehicle.
The Vanquis Credit Card
This card has been designed for clients with a bad or no credit history. Over 300,000 People have enjoyed the benefits of this card and are building their credit history.
Cashplus GOLD MasterCard
100% Guaranteed acceptance. Use the card online, over the phone at ATM;s. Online management account and load funds on to the card for free.
My Payday Now
Need up tp £1000 with no credit checks. Funds can be in your account the same day. If you have a debit card then apply today.
Provident Financial Loan
