Logbook Loan Artciles

When you are in need of a cash injection and need the money quickly, it is often better to arrange a loan with a logbook finance company like Logbook Loans 247 than it is to go through more traditional channels such as banks and building societies. This is because we can process you loan request much more quickly than a bank. In fact, if you are able to get to one of our 11 stores, you could even receive your loan the very same day.

If you have a poor credit history, logbook finance can also be a great route to go down when you need a little extra cash for whatever reason. Providing you own a car which is in fairly good condition, we may be able to offer you a loan.

Car Ownership

If you are looking for the best way to get a decent loan quickly, then you Logbook Loans 247 could be good for you. We can offer loans of up to £50,000 to our clients. You will need to have a clean logbook and a car in good condition, which is preferably under 9 years old in order to secure logbook finance, but providing you meet our requirements, arranging a loan should not be too difficult for you.

Poor Credit Not A Problem

It is a sad reality that a great deal of people in the UK have a poor credit history. This means that it can be very difficult for them to secure loans from banks and building societies. However, they may still be able to obtain logbook finance from us as we will consider anyone who owns a vehicle, has a steady income and is at least 18 years of age. For anyone struggling with a bad credit history, Logbook Loans 247 should be the first port of call.

Interest

The rates of interest you will be subject to at Logbook Loans 247 are very competitive when compared to other same day loan and logbook finance companies. We do not charge any customers who wish to settle their accounts early either, so you could make even more saving should you pay off your loan early.

People who need some emergency funds will usually fare better by applying for logbook finance than traditional bank or building society loans. We, at Logbook Loans 247, offer a fast application and approval process, rather than waiting sometimes weeks from a traditional financial source and you still may not be successful. We have eleven shops in the UK, and if you apply personally at one of these, you could drive away with your cash immediately.

Logbook finance is ideal for people with a less than perfect credit history, as this will not be taken into consideration. Providing they fully own their car and it is in reasonably good condition, they may well be eligible for logbook finance and speedy loans.

You must own your Car

You need to own your car and it must have no outstanding finance, it must be in good condition and less than nine years old. So, if you require a loan of up to £50,000 quickly, Logbook Loans 247 will usually be able to set up logbook finance for you, providing you meet our straightforward criteria.

If you have a poor credit history

Unfortunately, many people in the country have bad credit. This will, inevitably, make it difficult to obtain a loan from traditional sources, such as banks and building societies as they usually will run a credit check as part of the loan process. With Logbook Loans 247, however, we will not penalize customers with a poor credit history. All you have to do to be approved for logbook finance is prove you own your vehicle, be in regular employment and at least 18 years old. So, if you need some quick money, you should try Logbook Loans 247.

Interest

You will obviously need to pay interest on your logbook finance, but Logbook Loans 247 offer a very competitive rate compared with other logbook finance companies and certainly same day loans. Another advantage we offer is that we do not charge any early payment penalties if you can pay off the loan early.