Logbook Loan Artciles

When you are looking for a loan which can be taken out quickly, you will find that you can either choose a log book loan or a payday loan. We believe that we offer a better service than payday loans and you can get more value with log book loans. UK log book loans companies are far superior to payday loans companies as they can offer more cash based on your vehicle as security and they can offer loans to those with a bad credit history.

 Logbook Loans 247

At Logbook Loans 247, we are proud of the quick and efficient service we are able to offer to all of our customers. We have formulated a simple applications process which can be filled in within minutes and which will give you an instant decision based on your circumstances.

Who Is Eligible?

Logbook Loans 247  like to think that we are fair in who we offer log book loans. UK customers who may have a poor credit history will find that they can still take out log book loans with us providing they own a vehicle which meets our criteria and they have a regular income.

Drive Off With Your Cash

It is often wrongly assumed that when you take out log book loans UK, you will need to turn over ownership of your vehicle. This is not true and here at Logbook Loans UK, we will only ever take possession of your car if you default on the loan. This means that you can keep your car as normal - you are just using you car as security for your log book loan, so if the payments are made every month, there is absolutely nothing to worry about.

Non Payment

Logbook Loans 247 try to work with anyone who is unable to make payments on their log book loans UK in order to try and resolve the situation. We find that in most cases we can work out a payment plan which is acceptable to both us and our clients. However, if an agreement cannot be reached, we are well within our rights to claim your car.

If you need some money quickly, your options are probably log book loans UK or a payday loan. We, at Logbook Loans 247, confidently believe that our logbook loan service is far superior to payday loans. We can offer greater amounts of funds for our customers than payday loans, as the amount is based on the vehicle being offered as security against the loan. We also do not check our clients’ credit history, so virtually anyone can be approved for a loan from us. The following outlines some of the reasons why you should choose us for logbook loans UK.

Logbook Loans 247

Our company prides itself in the fast and professional service we offer our customers. Our application procedure has been designed to be straightforward and can be completed within a matter of minutes. We also give our customers an immediate decision about log book loans UK dependent upon their individual situation and eligibility.

Am I eligible?
We consider that the criteria for our loans are fair and transparent. You must obviously fully own your vehicle, have your name on its logbook and be in regular employment. As stated earlier, your credit history will not be checked or taken into account when applying for log book loans UK.

You can drive away with your cash immediately

Some people think that if you take out a logbook loan, your car will be impounded until the loan is paid off. Some logbook loan companies do this, but Logbook Loans 247 allows you to keep your car and drive it as you would normally. The only way you can lose your car is if you default on your loan repayments. The fact is that your car is being used as collateral against the loan, and as long as you meet the repayment agreement, you do not need to worry about losing your car.

Defaulting on your Loan

Here at Logbook Loans 247, we will attempt to work out a solution for any customer who has difficulty in repaying the loan. In the majority of instances, a repayment plan can be offered which is acceptable to both parties. However, in the event of there being no resolution to the customer’s problems, we can legally confiscate the vehicle. This is the worst case scenario, but log book loans UK are usually a great option when you need some quick cash.