Finding The Right Logbook Loans Company

Getting a same day loan from logbook loans may seem difficult but it's rather easy if you know how. In normal circumstances, the lender will invariably carry out credit checks as part of their part of their due diligence. The problem here is that the time it takes for these loans to be processed and after that, the time it takes to get the actual loans. The amount of paperwork can be difficult for many people to handle. there are many potential borrowers who want the convenience offered by logbook lenders UK to give them a money at their time of need. You may need some money before your payday, but the banks won't lend. What alternative do you have? In the financial marketplace, there are many shady operators that you need to steer clear of. There are some rogue companies in the UK market that should be avoided at all costs.

Many lenders will try to assist borrowers with finance products, when the borrower just wants a money advance. At these times, logbook loan companies can offer the ideal solution, because they can access it from the comfort of their own home. Most people who need credit just want a no-nonsense, hassle free finance, however one of the things stopping them having a poor credit rating; whether that's failing to pay a credit card bill or rent or mortgage arrears, this can be stigma stopping you from getting what you want.

Why Not Try It?

In an ideal world, you could get the money that you want, but we live in an age when people want more than they can afford. The solution is to either live within your means, take a loan that you can afford. That option is preferable, because you can afford to buy things which you otherwise would never have a chance to.

Instead of worrying about your past history, try to think positively and find something to work your advantage. One thing that you could do, is to work backwards, and to work out how much you could afford to pay for your loan, then calculate your monthly payments. This way you can see what type of finance is affordable for you. With careful planning, you can avoid minefield of UK financial markets, and find the right financial product. Whatever your circumstances, a responsible logbook lender will only grant a loan subject to the applicant's own affordability and eligibility.

Borrowing from friends or family may not be the best idea, as it can often lead to frustration when you can't repay them. Your bank may have removed the overdraft facility, so you can't usefully access money that way. The alternative course of action is to find a reputable, and established Eaffy logbook loans that can offer you money when you need it. We work with some of the longest established lenders who have a reputation second to none.

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How Do I Apply For A Loan That’s Right For Me?

In the process of searching for the right loan to match the specific circumstances it will certainly benefit if you are able to search online in order to see the companies that get a lots of positive reviews in relation to the service provided. It can be quite difficult to determine the most preferable loan type and company to use so it will certainly benefit if you’re able to rely on the freely available information that is published online.

As more people are likely to find that it can be a quite difficult process to obtain a line of credit from the mainstream financial institutes, it might be necessary to look at alternative options, especially those that don’t have the most desirable credit rating. A secure loan that is starting to see increased popularity relates to the logbook loan. They are a highly popular option for those that own a finance free vehicle that is relatively new and can be used as collateral against the loan application.

Locating the right loan companies

In the process of searching the availability of the log book loan lender you will certainly find that it is possible to get some very attractive finance packages. Eaffy Logbook loan is a best way to get a Logbook loan. Although it will depend on the age and value of vehicle to use to secure the loan – a logbook loan is likely to range in the region of £250 to £50,000 and in most situations it is possible to get confirmation on whether an application has been successful within a period of 24 hours. And since the logbook loan companies are licensed by the Office of Fair Trading and regulated under the Consumer Credit Act you are certain to receive a high level of service.

Making certain to pass on the application stage

When it comes to applying for the logbook loans you will certainly appreciate that there is certain criteria that needs to be met in order that the lender may agree the application. It is likely that you will need to provide proof of income such as a wage slip or similar and also provide details of the vehicle. It is necessary to confirm that the vehicle is entirely free of any finance and it is within 10 years of age. You also need to have the vehicle logbook since this will be held by the lender for the duration of the loan term. Standard ID like the driver’s licence or passport will also be necessary.

If you are able to successfully pass on the application stage it will be necessary to visit a local logbook loan office on the high street in order that you are able to present and have checked the relevant paperwork. If this is all found to be entirely satisfactory you should find that you are able to get your loan payments deposited to your bank account within a number of days.

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LOGBOOK LOANS IN THE UK

There are various sorts of credits accessible to individuals who live in the UK. Logbook loans are a sort which may be new to many people, yet they are developing in prevalence. With cash tight for many individuals then Loans can be a way that they will have the capacity to traverse these extreme times. 

A logbook loan is one where a vehicle is utilized as insurance. This implies anybody that claims a vehicle may potentially take one out. 

In the event that there is now credit on the vehicle then this could stop whatever other loans having the capacity to be taken, however it depends on the amount of the loan is extraordinary, so it can be worth examining the likelihood at any rate. 

Since the logbook loan uses the vehicle as insurance then it is conceivable to have one regardless of the possibility that you have a terrible credit record. This may not generally be the situation, but rather rely on upon how much hazard the bank is set up to take. They will need to observe your vehicle so they can get to the amount it is worth and will then discharge some money to you. You will regularly have the decision of making month to month or week by week reimbursements, so it is adaptable to suit you. 

You might have the capacity to acquire more cash than you can with different sorts of credits which can be a major offer assistance. You may likewise find that the rates are more aggressive, however check deliberately to see. It can be worth contrasting diverse organizations with see which offer the most attractive rates. Keep in mind to likewise check what expenses and charges they have, for setting up and in the event that you need to reimburse it right on time and on the off chance that you can't make an installment. These can fluctuate a considerable measure between the diverse organizations thus can have a major effect to the general cost. 

It is likewise worth ensuring that you utilize an organization that you trust. Perused a few surveys of different organizations on the off chance that you can and take a gander at their site in detail to discover more about them. It can be worth calling them also to see whether you like their client benefits as this could be something that you have to use later on. Being content with the organization will permit you to have the capacity to feel more casual at getting cash from them.

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An Overview of Logbook loans

Introduction:

Eaffy Logbook Loans offer loans on cars, vans and motorcycles from £250 to £50,000. These loans are secured on the V5 logbook of your vehicle and thus are a type of secured loan. Because this is a type of secured loan it generally means you’ll be able to obtain a logbook loan regardless of your credit history.

Eaffy Logbook Loans is authorised and regulated by the Financial Conduct Authority (FCA) and are members of the Consumer Credit Association. We’ve helped thousands in the UK release the cash from their car and we have a positive track record. Applying for a loan on your car through us is very straight forward and you could potentially receive the loan on the same day of the application.

To apply for a loan you can use our online application form or call our office during opening hours to speak to an adviser and get a quote. Our office hours are Monday to Friday 8AM - 6PM and Saturday 8AM - 3PM. You can call us during office hours on: 08081 635 342

What are Logbook loans?

A logbook loan is a secured advance likewise alluded to as a security bill of offer. In this type of secured credit, the borrowers set the responsibility for vehicle (auto, van or bike) as security against the advance they have taken. Generally, the exchange of possession includes giving over the vehicle enlistment record (V5 enrollment report) to the moneylender. The vehicle enrollment report is what is known as the "logbook", subsequently the name of the advance offer. As indicated by English law, a bank can grab the vehicle of the borrower if the last defaults on advances.

Criticisms

The logbook loans Acts set by English law has been in actuality since the late 1800s and has re-cently been furnished with a willful set of principles for the loaning organizations which just serves to make it simpler and more adaptable for borrowers and moneylenders alike. 

Reactions emerged concerning logbook advances, particularly in 2009. The vast majority of these worries were related to the way that logbook advance offers (alongside other Bill of offer offers for private individuals) are not subject to the record as a consumer of the borrower or their monetary status, cash loaned is regularly huge, depending just on the measure of the security, and that banks have the chance to grab the vehicles of defaulting borrowers to fulfill the cost of the credit, without the need of a court arrange. These reactions were suppressed in 2011 by an administration reaction and the Bill of Sale Acts have stayed firm. 

These reactions ought not reduce any individual searching for an loan that offers a substantial total of cash against sensible security, whose record as a consumer does not talk positively about them. Logbook loans can likewise be consulted for sensible terms so an individual can pay back at the earliest opportunity. There is just a single confinement to a sensible logbook advance, it is that the auto or vehicle being utilized as guarantee is not very old.

When and how to use logbook loans

Logbook loans are delegated quick back advances and there is a basic explanation behind that. Not just can the advances be consulted for transient payback, however the procedure to gaining the credits is exceptionally straight forward and expedient, paying little respect to who the loan specialist is. Seeing that you have the insurance (a not to old vehicle) you can truly obtain up to a huge number of pounds. Logbook credit banks additionally don't try to ask from you what you need to utilize the advance for. The main thing you have to stress over it giving your guarantee and the rest is exceptionally well finished with.  

Why choose a logbook loan?

There are an assortment of credits out there that are useful and can serve as the snappy wellspring of cash for whatever your need. Notwithstanding, the reason we pick and suggest logbook advances is basic: They offer an assortment of alternatives that none of these other advance offers can beat.

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Benefits of Using Logbook Loans

    

When you are denied an loan for improvement, business, or individual utilize as a result of awful FICO assessment, the effect can have expansive impacts. It may be hard to finance a delicate you have quite recently won or exploit another speculation opportunity. Be that as it may, it is not an ideal opportunity to surrender, particularly on the off chance that you possess a vehicle as this gives you access to logbook advances. The accompanying are best advantages of utilizing logbook loans.

No credit checks

The best hindrance that makes it troublesome for some individuals to get to credit is poor FICO assessment. Banks, money related foundations, and even telephone organizations convey intensive keeps an eye on their customers to comprehend their record as a consumer. On the off chance that you have defaulted paying advances including overdrafts, Visa advances, and even home loan, the data is utilized to ascertain your score. Nonetheless, logbook loan specialists don't check your FICO rating when offering credit. The auto serves as a type of guarantee that keeps the hazard taken by the loan specialist low. Keep in mind to focus on reimbursing the advance on the grounds that the vehicle can be taken away and even sold to clear the advance on the off chance that you default.

Easy to access within a few days

While regular bank advances take a considerable measure of time from application to repayment in the event that one qualifies, choices, for example, logbook credits are simple. In the wake of recognizing the logbook loan organization of decision, it will just take several days to get the cash in your record. To rush the procedure, it is fitting to convey all the required vehicle documentation, for example, V5C, protection archives, most recent assessment reports, and valuation evaluations to help the loan specialist get the right esteem.

There are no restrictions on what to do with the money

At the point when business banks give an advance to candidates, they take after nearly to guarantee the cash goes to particular territories of premium. For instance, cash acquired for a home loan is paid to the house dealer as it were. In spite of the fact that this impediment has its points of interest, for example, avoiding abuse, it denies the proprietor adaptability. Nonetheless, logbook loans don't have any restrictions on what you can do with the money. Regardless of the possibility that you had a business opportunity and afterward choose to accomplish something other than what's expected, you have all the flexibility.

You get cash depending on the value of the car

The constraint of advances you can get against a vehicle is subject to its esteem and condition. In the event that you have a decent auto in top condition, numerous moneylenders will be prepared to surrender you to half of the present esteem. In spite of the fact that this can restrict particularly on the off chance that you needed a considerable measure of cash, there is an awesome feeling of fulfillment since it is an individual property.

There is room for negotiation

At the point when numerous money related establishments offer advances, the loan costs are altered and don't have space for arrangements. Nonetheless, logbook loan organizations are generally adaptable and can change the APR (yearly rate) to fit the need of individual customers. Be that as it may, the cost of logbook advances is normally higher contrasted with regular bank advances. To keep the enthusiasm as low as could be expected under the circumstances, it is fitting to guarantee you reimburse the credit inside the most limited time conceivable.

So, whatever the reason, whether you crave a holiday or need help paying off a previous debt, a logbook loan UK is a straightforward and quick to access secured loan suitable to anyone with a bad credit rating or no credit history at all.

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Logbook Loan Guideline for Borrowers

If you have bad credit because you made bad financial decisions in the past, you’ll have no other choice but to pay for the consequences today. One of the major consequences of bad credit is your limited loan options. It won’t be easy obtaining a mortgage loan, for example, if your credit rating is less than perfect. In the end, you’ll be left with high interest rate unsecured loans for options, which won’t necessarily meet your needs.

In case you need a larger amount than what any unsecured loan can offer, this is where logbook loans come into play. Here’s your quick guideline to help you understand the loan product better:

What are logbook loans?

Logbook loans fall into the category of secured loans. This means that you must be a vehicle owner to avail this loan type. Because lenders have guarantees other than your promise to repay, they can lend you higher loan amounts generally from £250 up to £50,000 with repayment terms between 6 months and 24 months. It can be longer depending on the amount of loan and depending on your agreement with your lender.

Who can apply for this type of Loan?

Anyone who meets the basic requirements can apply for a logbook loan. If you are at least 18 years old, you live in the UK and your vehicle is free of any financing then you are eligible to apply for a logbook loan. If you have bad credit and you meet the aforementioned requirements then all the more that you are welcome to apply. Logbook loans, in fact, are specific for borrowers with bad credit. Just prove that you have sufficient monthly income and you’re willing to secure your loan against your vehicle then your loan application is good as approved.

Why apply for a logbook loan?

You should apply for a logbook loan if you are in need of a large amount of money but you can’t otherwise apply for other types of secured loans. If you have bad credit and are left with no choice, logbook loans are an ideal last alternative. Not only can you borrow a larger amount with secured loans but you can also expect to receive the cash within a day. More importantly, you won’t have to worry about credit checks anymore. Lenders only need you to meet the basic requirements so they can approve your loan application fast.

What are the risks to carefully Consider?

Though advantageous in several ways, it is worth noting that logbook loans also have risks to carefully consider. Log book loan lenders may easily approve your application but you ought to remember that this loan option come with the risk of repossession. Since you agreed to put your vehicle at risk, your lender has the right as per the debt agreement to recover your collateral if you can no longer repay your loan.

High interest rates are another risks to take into account. Because you have bad credit, except to avail logbook loans with high-interest rates typically at 400% representative APR.

 Where to find the best logbook loans?

If you’re ready to face the risks involved with borrowing a logbook loan, you can find the best logbook loan deals online. You can visit website right here to compare deals at much cheaper interest rates than the market average. If you’re ready to apply, just complete the online application, provide the necessary details and wait for further instructions. If you’re not ready to apply yet, you can request a quote at no charge and decide later.

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UK Car Logbook Loans

Are you in need of some urgent cash and don’t want to borrow against your property? Logbook loan is the perfect alternative for you. All you need to do is use your car for a loan. Logbook loans are easy to get for anyone who owns a car and is ready to let a money mobile branch hold car papers against the money he is about to borrow. At present, log book loans are considered as one of the loan options which don’t call for a big security and offer better gains. People who are in need of money and don’t have any loan options find it the right option as they don’t have to park their car in parking area of money mobile branch before the time their loan repayment time arrives.

Need of Car Logbook Loans

Car Logbook loans in UK are quite common as one can look for different loan companies who are ready to lend you a certain amount of money in lieu of your car logbook document even if you have bad credit. For citizens living in UK no credit check loan is not hard to find. Your credit check won’t create problems for you when you are looking for loan in lieu of car documents. Though, one can find many bad credit loan options but it’s always secure to select a car logbook loan instead of unsecured loans for bad credit. Secured loans against car logbook loan is one of the benefits which you would get in UK log book loan.

Eligibility for applying Logbook Loans

Process and formalities don’t take much time when you consider logbook loans online. Though, people looking for an easy logbook loans in UK are only allowed to submit logbook documents where it is specified that they are the car owner. On top of that, it becomes easy to find bad credit logbook loans in UK as long you do have a steady income source and you are recognized as a UK citizen. Do keep in mind that the time when you purchased the car should not extend to more than 8 years on the date when you apply for log book loans in UK for bad credit. People who don’t have any kind of financial claims, insurance and taxes dues can apply for a loan secured on car logbook.

Make an internet search online and you’d find an endless list of loan companies who know how to leave you with fast logbook loans in UK and are ready to offer you lowest rate log book loans. If you are currently living in Stockport logbook loans would seem the perfect as it´s recommended as UK secured loans against logbook and you can get fast cash loans with logbook credit from mobile money branches anytime in any financial condition.

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Logbook Loans Stockport

UNLOCK THE MONEY IN YOUR CAR WITH STOCKPORT LOGBOOK LOAN V5 LENDING

If you're looking for a convenient way to free up some much needed money then a logbook loan may be the perfect option. If you've been declined a loan elsewhere then our service could well be the answer to your financial needs. What's more, you could have the money agreed and delivered the same day.

We provide loads of free logbook loan quotes every single day for people just like you.

Why not use our online Stockport logbook loan quote enquiry form to find out how much you could borrow against the value of your car. It only takes a minute of your time to enquire, and you're under no obligation to proceed with the loan. 

THE PERFECT LOAN SITUATION

LOGBOOK LOANS STOCKPORT COULD BE AN OPTION FOR APPLICANTS THAT HAVE BEEN REFUSED ELSEWHERE.

Logbook loans have become the loan of choice for those looking for a straightforward, convenient loan without any of the hassles of conventional loans. If you have a CCJ or are in arrears then you could still be eligible. If you are the legal owner of your car, and it is clear of finance (or very nearly clear) then enquire online today!.

Almost anyone can release money from their car with Stockport logbook loans, so get a quote today!

Apply for your Logbook Loan

To apply for a loan from Eaffy Logbook Loans Stockport, simply complete the on-line application form above for an instant, no obligation, quotation or if you prefer, call Freephone 08081-635-342 to speak to an experienced member of our sales team. We’re happy to help and we can complete and transfer funds for your Logbook Book Loan the same day!

Completing Your Logbook Loan

Once your application is received by Eaffy Logbook Loans, one of our experienced team will contact you to go through your details on the phone to ensure you can afford to repay the loan. They will answer any questions, agree the loan with you and then arrange for one of our specialist representatives out to visit you in the comfort of your home or office. They will check the vehicle and help you complete the paperwork.

Once the application is completed, you will receive your cash the same day.

Why choose a logbook loan?

If you own a car, a loan against it can be a great way to raise finance. You use your car as security for the loan and receive a lump sum payment into your bank account.

You then repay the loan in monthly or weekly instalments which will cover both the amount you originally borrowed and the interest on that amount.

The amount you can borrow depends on the value of your car. The higher the value of your car, the more you are likely to be able to borrow. This will also depend on how much you are able to pay back after we go through affordability checks with you.

Being self-employed won't stop you taking out a loan, as long as we can see that you have a regular income and the amount of money you have left each month after all your outgoings is enough to cover your loan payments, your application will normally be successful.

We also offer same day logbook-loans for older cars. If you have a car that is more than 10 years old, we may also be able to lend against it.

 Apply now 

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Advantages of a Logbook Loan

Despite what other financial experts say about logbook loans, the financial product continues to attract a large number of borrowers across UK for several reasons. Not only does the loan bridges the large gap in the market but it helps borrowers meet a wide range of financial needs and emergencies. If you’re thinking of taking out this type of financial product, here are a few advantages that makes it a better option than other high risk loans such as payday loans.

Fast approval

More and more logbook loan lenders are now promising same day approval for their loan deals as a way to lure more customers to apply. This means that if you need quick cash, you can avail a logbook loan and meet any financial need within the same day you applied. To guarantee fast approval, just make sure you are eligible for a logbook loan and you meet the eligibility criteria. It would also help if you prepare the needed requirements prior to completing an application form. Among the documents your lender will need include your vehicle’s V5 document, MOT certificate and insurance details among other things.

Large loan offers

With logbook loans, the loan amounts are also larger because of the security requirement. In most cases, you should be able to borrow between £250 and £50,000. The maximum amount your lender can lent you will depend on your car’s official value but in general, it is set around 70% of said value. With the large loan offers, borrowers are able to meet a wider range of financial needs. Whether it’s just an overdue bill or a major medical expenses, you can count on logbook loans to give you a quick cash solution you can easily avail. To compare the best logbook loan deals available in the market today, go to http://www.eaffylogbookloans.uk

Longer loan terms

It also follows that logbook loans come with longer and more flexible loan terms. The typical repayment term for a logbook loan starts from a few weeks to 36 months. The term will depend on what your lender offers but you can also tailor made it according to your loan amount and financial capability. If you need a longer time to repay your loan then you can opt for the maximum repayment term available. If you want to pay the loan fast, you can also do that. Either way, logbook loan lenders are more flexible with terms than other lenders offer unsecured personal loans.

No credit check

But more than the larger loan offers and longer loan terms, the fact that there’s no credit check with logbook loans is its biggest advantage over other types of personal loans. With no credit check means anyone with bad credit can avail the loan. Your credit score will not affect your approval. In fact, your application is considered approved provided that you are eligible and you meet all the loan requirements. In most cases, you can expect to get approved in as fast as a coupe of days or even within 24 hours for some lenders.

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Facts About The Logbook Loan

Logbook Loans are constantly favored when there is a critical need of cash, as these loans are much simpler to get paying little heed to different sorts of advances that have an exceptionally long system and they additionally consider FICO assessment for the advance. On the off chance that you require logbook loan and you have your own particular auto in the United Kingdom, then Eaffy Logbook Loans is helping you with your monetary issues.

Before applying for anything, you should know each manage and direction alongside other real things. In spite of the ease that eaffy logbook-loan has made for its clients, you should likewise know these things that will help you on your way further. You should know each and every insight about the progression that you are going to make. So observe every one of these realities identified with the logbook advance.

•            What Is The Logbook Loan?

A Logbook loan is the sort of credit that is given against the auto that you owe. Be that as it may, you should be the enlisted proprietor of the auto in the United Kingdom and your auto must not be under deal or any such different process. You will have the capacity to get the cash against your auto, yet don't stress, this is just to secure the procedure. In the interim, you will have the capacity to utilize your auto as you are utilizing it now. We wouldn't take it from you unless you pay the greater part of your reimbursements on time.

•            How Much You Can Get With The Logbook Loan?

As these sorts of loans are given against your auto, yet this doesn't really imply that you don't get more cash on the off chance that you have a little auto. The cash we give is free of the auto that you owe. In this way, you can get cash as much as you need. What's more, the reimbursements for your cash can be from months to a couple of years. It is absolutely needy upon you that how much time you will take to pay back the cash as we don't compel our customers to pay early.

•           What If You Need Urgently?

In the event that you have any crisis that can be a direct result of some restorative issues or you have some past due utility or different bills, then you have gone to the ideal place. Eaffy Logbook loans dependably respects those individuals who are in dire need of cash and they locate no other source. These credits are given to the customers inside a little time. Once your application is endorsed for the credit, we will convey your cash following a couple of hours. Thus, it is one of the best choices to consider when you are in earnest need of cash.

•           What About Interest Rate?

Eaffy Logbook Loan is constantly headed towards peopling as much as it can. Consequently, our banks are quicker to individuals with the credits instead of putting more weight on them with expanded financing costs. In this way, our loan specialists offer the most reduced financing costs than some other in the market. In this manner, we are most popular and the best among our clients.

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Shedding light on Logbook loans

The term “bad credit” is a very sensitive subject in the financial world. Lenders, in essence, view individuals with a poor credit rating as a risk to the well-being of their business and rarely offer them credit facilities. In fact, it is correct to say that individuals with a poor credit history generally find it difficult getting access to credit facilities or a mobile phone contract. For a long time, this was the standard mode of operation so much so that those with a poor credit rating felt like second class citizens.

There was hue and cry, distress, depression and a low self-esteem among those with a poor credit score. Applying for a loan or a phone contract became a nightmare of sorts and those with bad credit had to contend with the all famous line “we are sorry but we can’t approve your application at this time”. Well, this was the case before V5 loans became a reality. V5 loans or what is commonly known as logbook loans indeed changed the loan industry in ways never seen before.

With logbook loans, individuals could now apply for emergency loans without having to worry about the status of their credit score.

How logbook loans work

If you are thinking of applying for a logbook loan for the very first time, you probably need more information on how this amazing and lifesaving loan product works. For starters, in order to qualify for a logbook loan, you need to be a legal owner of a car, a van, a caravan, a motorcycle or even a lorry. The reason for this is because logbook loans are secured using a car’s logbook. You sign off your car logbook to the lender in exchange for the amount you receive as a loan. When you do this, your car becomes the property of the lender for the duration of the loan. However, you continue using the car as you make repayments.

Ordinarily, UK logbook loan lenders advance logbook loans up to 50% of the value of your car. To determine how much you are privy to when applying for a logbook loan, it is essential that you provide your lender with your car registration. They will then evaluate its worth and advice you accordingly. However, there are a number of things you can do to ensure that you increase your chances of approval or even the maximum amount you can apply for. For one, you need to regularly service your car so that it’s in good condition. The insurance and tax details of your car need to be up to date not to mention the car needs to be free of any financial charges. The standard duration for a logbook loan is 78 weeks which gives you the flexibility to plan your repayment without feeling as if your back is against the wall.

Things to note

Getting approved for a loan facility despite your credit score status is a beautiful thing. However, you need be cognisant of the fact that defaults could put your car in jeopardy. In fact, you risk losing your car if you fall way back in repayments. Logbook loan lenders have the legal right to repossess and sell your car if you are unable to meet your logbook loan obligations. You can also be sued especially if the proceeds from the sale of your car are not sufficient to meet the principal amount together with the accrued interest!

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Log Book Loan Leads

One of the formerly less-in-demand types of loan is suddenly seeing an upward trend. We’re talking about logbook loans. For the benefit of a few who don’t know what a logbook loan is; logbook loans are cash advances usually taken against their vehicle. People with a bad credit or an over extension of credit are the ones who take logbook loans as they are not considered eligible for other loan types. Since the number of lenders of logbook loans is comparatively less, such consumers take the help of the internet to reach suitable lenders. We, Eaffy Logbook Loans gather the information submitted buy them and validate the data to convert them into 100% verified logbook loan leads UK. So, if you are looking to buy logbook loan leads we are your best partner! We sell logbook loan leads that are the best in the market not because there are very few players but because our logbook loan leads speak for their own credibility.

Our logbook loan leads contain details such as names, addresses, telephone number, email id, loan amount sought etc, of the potential buyers that is aimed to give a fair idea of the prospects you will be dealing with. We do not deliver randomly generated raw data collected from the web. We follow a stringent validation process that converts raw data into qualified logbook loan leads; ones that you can start working on as soon as you receive them. As part of the validation process we manually call each and every lead and verify their basic information. This task is performed by our experienced and skilled executives who operate with only one thing in mind – data integrity! This ensures that all our logbook loan leads UK are accurate and conform to legal standards. Going a step ahead, which is also the key differentiating factor between an ordinary leads provider and Eaffy Logbook Loans, we subject the already verified logbook loan leads to a round of scrubbing that weeds out any faulty record. The qualified logbook loan leads UK thus generated are delivered via email in excel / .csv format or as hot transfers or online from where you can access them using specific filters. Further, if you happen to receive invalid / bad leads when you buy logbook loan leads, stay assured that our replacement policy will cover you. Should you buy logbook loan leads from the leader you can be certain of optimizing your costs as you’ll be working with exclusive leads!

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Loans Against Your Car

Logbook loans are becoming a more popular form of borrowing money than ever before. Effectively, this is a secured loan with the value of the loan secured against the value of your car. This allows you to borrow up to tens of thousands of pounds with ease. The borrower retains possession of the car but the logbook is given to the lender until the terms of the loan are met and the repayments are made.

Secured Loans

A secured loan gives the lender much greater security over the money that they lend to borrowers. While in many cases, this implies that the loan is secured against the value of a house, it can effectively be secured against virtually any item of value and a car is often the second most valuable item a person owns that includes ownership deeds; in this case, the logbook.

Logbook Name

There are certain stipulations that must be met to enjoy access to an online car loan. Primarily, the logbook must be in the name of the borrower and not in somebody else’s name. This ensures that people cannot use the logbook belonging to another person’s car, take out and default on the loan, and the unwitting car owner loses possession of their car.

Car Age

Some companies may also place a stipulation on the age of the car with many only offering loans to those car owners whose vehicles are under 8 or possibly 10 years old. This is because the value of a car quickly depreciates when it reaches a certain age and the car itself may become worthless if it fails an MOT or suffers any major damage or breakdown. Hence, a logbook loan will work best on newer models of vehicles but we urge you to speak with one of helpful consultants to find out further details in this regard.

No Credit Check Logbook Loans

One of the greatest benefits of an online car loan is that it does not typically require a credit check. This allows people with virtually any credit history, whether it’s good or even non-existent, to borrow a reasonable sum of money without even having to worry about the indignity of a failed credit check. A regular income ensures you can make the agreed repayments and the logbook of your car means that the loan will be secured against a tangible asset.

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Differences Between Logbook Loans And Payday Loans

The downturn in the economy over the past 5 years and many bank’s reluctance to lend to individuals has left many people unable to borrow from traditional sources as quickly and easily as they used to.

This has led many people to seek alternative lenders offering credit to people in the form of short-term loans. Over the last few years two of the most popular sources of short term finance have emerged, logbook loans and payday loans.

There are a few key differences between logbook loans and payday loans and the we will help highlight these.

Secured vs Unsecured

The main difference between logbook-loans and payday loans is that one is secured and the other is not. Logbook loans from V5 Solutions utilise the security of the borrower’s vehicle (car, van or motorcycle) while payday loans are unsecured. This creates a distinct definition between who is eligible for either loan product and how much can be borrowed.

Credit Checks

As V5 Solutions logbook loans are secured against your vehicle we don’t carry out personal credit checks. As long as you meet our qualifying criteria you should be able to borrow £300 – £10,000 quickly and easily with us.

As payday loans are unsecured the lenders carry out extensive personal credit checks and if you have a low credit score, CCJ’s or arrears then you may not be accepted.

Amount Borrowed

A major difference between V5 Solutions logbook loans and payday loans is the amount that you can borrow. V5 Solutions offer same day logbook loans from £250 to £50,000 depending on your vehicle and personal circumstances. While Payday loans typically range between £50 and £300 they can be particularly useful if you only require a small amount to borrow over a short term.

Speed of Access

Payday loans offer same day loans, similar to V5 Solutions logbook loans, except that as the loan is unsecured the whole loan process can be completed online. This is very useful and convenient.

V5 Solutions provides same day logbook loans but we have to meet you in person to view your vehicle, sign our loan agreements and issue the loan payment to you. We can usually complete this all within a few hours of receiving your loan application!

Cost

While log-book-loans and payday loans are typically more expensive than traditional Banks, they are far more convenient and flexible and if used correctly can be cost effective too.

A typical payday loan will cost £30 per £100 borrowed per moth. 30% interest per month. This means that if you borrow £100 for 1 month (or until your next payday) it will cost you £30 in interest and charges. In total you will repay £130. If you borrowed £500 it would cost £650 to repay in full.

As V5 Solutions logbook loans are secured on your vehicle we can charge you a lower monthly interest rate. If you borrowed £500 from V5 Solutions your final payment after 1 month would be £592. You would also be required to pay your 4 normal weekly instalments of £21.24.

If you have to extend your £500 payday loan for a further month you will incur an additional £150 in interest charges taking the total repayable to £800.

However, with V5 Solutions the total repayable after two months is only £749, including your normal weekly £21.24 instalments. This  makes a V5 Solutions logbook loan cheaper than a payday loan.

Loan Terms

Payday Loans are typically 1 month long compared to a V5 Solutions logbook loan which is 18 months long. In both cases you can settle your loan early and make large savings. With V5 Solutions you can settle your logbook loan at any time and pay less. To find out how much you could save by settling your loan early just call us on 08081635342.

 Loan Payout

Payday loans are typically deposited into your bank account. But what if you don’t have a bank account or you require the funds in your hand to pay for something urgently? This might not be the most convenient option for you.

Our logbook loan payments are more flexible and can be made either by cheque which you can deposit (or cash at various outlets in your town) into your account or we can pay directly into your bank by BACS or Faster Payment.

V5 Solutions provides convenient same day logbook-loans throughout England. Use our Eaffy logbook loans  for your free, no obligation, online logbook loan quote.

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Logbook Loans Are Still in Season!

Is it accurate to say that you are searching for an advance that doesn't mull over your record of loan repayment? Is it true that you are searching for something that can give you the cash you have to handle a major objective today, in the guarantee that you'll set aside a few minutes installments over a set term? Do you need straightforwardness? In the event that you've addressed yes to these inquiries, then it's a great opportunity to take a gander at logbook advances.

Numerous individuals overlook logbook loans since they imagine that they're ceased. This isn't valid in any way. You can in any case go out and get logbook advances, which are somewhat unique in relation to fleeting advances. Most transient credits are for significantly less cash than logbook loans, so it's imperative to know which advance you're truly after. In case you're hoping to request a lot of cash, then it's an ideal opportunity to search for a logbook loan.

The motivation behind why such a large number of individuals can get a logbook-loans is on account of they have a strong physical thing to offer as security. This would be the vehicle they have. For whatever length of time that the vehicle isn't excessively old, it can be utilized for a logbook advance.

To begin, you ought to scan online for one of these credits. This gives you the capacity to apply once and have numerous banks give you their best offer. Try not to stress over the online arrangement; regardless you're ensured by industry controls.

What would you be able to spend the cash on? Pretty much anything you could envision. On the off chance that you need to repair another vehicle, you can do that. On the off chance that you have to pay a considerable measure of bills that are stuck at a high loan fee, you can do that. The cash you'll recovery is there on the grounds that the logbook loan is at an alternate loan cost, which implies you spare since you're not paying those higher expenses.

The imperative thing here is that you pay off the advance inside the term that you set. On the off chance that you don't do that, then the organization has the privilege to take your auto since you neglected to pay the cash back. This is the place many people say that logbook advances are troublesome, yet that is essentially in light of the fact that they didn't feel that the tenets connected to them at the time. In all actuality the organization truly wouldn't like to experience the anxiety of attempting to offer your auto, which is in all probability not in the best mechanical condition. It's ideal to simply have you pay back the credit so you can be en route.

The time is more right than wrong to look at extraordinary logbook advances. For whatever length of time that you have confirmation of pay and work, you're in the running for an extraordinary credit that does precisely what it cases to do. Simply round out the greater part of the structures effectively, and you'll know rapidly regardless of whether you qualify. Look at it today!

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