As finance is difficult to obtain in the UK nowadays, a log book loan is becoming an increasingly popular method of obtaining a cash loan. A log book loan is one which is given using a vehicle as collateral against the loan. So, if you have a poor credit history but need some quick funds, you should certainly consider one of these loans. The following outlines some of the benefits of a log book loan.
A log book loan can range from £50 to £50,000 when you choose Logbook Loans 247 to arrange your finance. This is standard in the log book loan market. You must prove that you are at least 18 years old and the owner of the vehicle you are offering as security against the loan. You and your car must meet our simple criteria, but most people who are eligible will be approved for a log book loan with our company.
Poor Credit History
Logbook Loans 247 do not carry out credit checks on our clients, so your credit history is largely irrelevant. We consider the value and condition of your vehicle, plus checking that you are in receipt of regular income. Therefore, you can be approved for a log book loan with us by fulfilling our criteria, no matter if you have had previous credit issues.
Quick and Easy Application Process
Compared with the long drawn out and complex process of securing a loan with traditional lenders, Logbook Loans 247 offer a quick and simple application process. We have designed a user friendly online application form which can be completed in minutes. After submission of the application, a decision will be given immediately.
A Log Book Loan of up to £50,000
Your loan of up to £50,000 can be credited to your bank account soon after you prove you meet our approval criteria. You just need to provide details of your car, a log book with your name on it and some form of identification. We will value your car and determine a log book loan based on this. At Logbook Loans 247, we take our responsibility seriously and will not offer our customers a log book loan which they cannot reasonably afford to repay.
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