Showing posts with label logbook loans online. Show all posts
Showing posts with label logbook loans online. Show all posts

Thursday 22 December 2016

Logbook Loans. A Safe Alternative to Payday Loans?

In light of the Office of Fair Trading (OFT)’s recent inquiry into Payday Lenders, and the subsequent revelations of irresponsible lending and bad practices throughout that industry, where does this leave the customers who still require access to quick cash loans?
One simple and fair answer can be found here at Eaffy Logbook loans. If you own a car, then you can raise cash against its value by applying for one of our Quick Cash Logbook Loans today.
And, given that we have some security in your car, our interest rates are but a small percentage of what most payday lenders charge so your repayments should be that much smaller. Also, our loans are not for a month or so; we go up to two years or even more, so constantly having to rollover your loan with us every couple of months is not an issue.


Q: What exactly is a Logbook Loan?                                                      

A: A Logbook Loan is an any purpose cash loan that is secured against your car. Each loan is based on the value of your car and, as long as you maintain both the payments of the loan and the car’s condition, then you continue to retain full use of the vehicle. 

Q: Why have I never heard of a Logbook Loan before?

A: They have been around for a very long time. In fact, the Bill of Sale, which secures the loan on your car, is issued under the Bills of Sale Act of 1878!
However, although the Logbook Loans UK industry provides customers with far cheaper loans than those offered by Payday Lenders, the industry itself is very small by comparison. The reason why you may not have heard about Logbook Loans before is because Logbook Lenders haven’t had the chance to tell you - Payday Lenders, with all their money and huge TV and other advertising budgets, have simply been shouting louder.
All customers must be aware that any logbook loan secured against your vehicle, which may be repossessed if you do not make payments. Late or missed payments will incur additional charges. All customers must make sure they read and are aware of all contract terms and conditions prior to proceeding with any loan application.
The majority of lenders will use what is called a Bill of Sale to secure the loan against the car. A Bill of Sale is what gives lenders security over the car. This means that until you have paid your loan the lender will technically be the legal owner of your car. However you can still drive it and once you have paid off your loan the ownership goes back to you.

Q: Why should I choose Eaffy Logbook Loan for my Logbook Loan?

A: At Eaffy Logbook Loan we offer quick cash Logbook Loans and we do so responsibly and in line with the Office of Fair Trading’s Guidance to Irresponsible Lending. We examine affordability very closely and only quote you on terms that we have satisfied ourselves and you that you can afford.

Our rates are far cheaper than those charged by Payday Lenders, so much so that we can often help Payday customers reduce their monthly outgoings by consolidating all their payday loans into one easy and affordable Logbook Loan repayment.
Eaffy Logbook Loans also have the ability to lend over longer terms, thus allowing customers to pick the right loan amount that suits their current financial situation.

Additionally, all of our rates are fixed and thus will not change throughout the term of the loan. this means that customers can also budget for the future as they will always know what their Eaffy Logbook Loans repayment will be. "Get same day logbook loans, instant loan against your used car, No credit check, No upfront Fee,no guarantor needed, Apply Now!  

Tuesday 15 November 2016

Smart Guide to Logbook Loans


There are various reasons why people resort to borrowing money in order to patch financial needs and problems. Some borrow money to pay overdue bills while others do it for car repair or a medical emergency. Still others turn to personal loans for major investments such as home renovation, car purchase or business expansion. Some also borrow for major expenses like a wedding, a vacation or for education.
Whatever your purpose for borrowing money, knowing what you’re getting into is critical if you want the best deals and if you want to avoid grave financial consequences. If you’re car owner and you’re planning to use your vehicle as security or collateral for a logbook loan, for instance, you need to take your time understanding the product prior to finalizing your application.
Below are smart guidelines that you should find helpful when investigating logbook loans:

What is a logbook loan?

A logbook loan is a type of personal loan that is secured against your car. In other words, you put your car as security in exchange for a loan amount ranging from £250 to £50,000. The loan term typically starts from 3 months up to 3 years.
With its flexible amounts and terms, borrowers can choose how much to borrow and for how long the loan will last. If you only need £250, for your bills, you can borrow just that and repay it within the shortest term possible. You can also apply for a £5,000 or £10,000 loan for any purpose you have in mind. But either way, the general rule is to borrow only what you need and what you can afford to avoid the high risks of losing your car.

What is the interest rate?

The average Representative APR (annual percentage rate) for logbook loans is 400%. With competition getting fiercer among lenders, however, some are already lowering their APR to 200% or lesser just to convince customers. Take for instance Eaffy Logbook Loans a popular logbook loan lender online for customers in the UK, which claims to offer the cheapest rates in the market.
if you borrow £850 over 18 months at a flat rate of 132% per annum (fixed) with a representative 450.5% APR you will make 17 monthly payments of £140.72 and 1 payment of £140.76, repaying £2,533.00 in total. However, we only charge interest monthly and we do not penalise you for early settlement. If you repaid the loan in one month it would cost you just £93.50 and nothing more.

How logbook loans work?

To qualify for a logbook loan, you just need to meet the basic requirements which generally includes being of legal age, a UK resident and a car owner. If you are eligible for a logbook loan, you can proceed to preparing the necessary documents such as your V5 or logbook document, the vehicle’s MOT certificate, insurance details and so on.
You can then apply logbook loans online and wait for approval within the same day. Once approved, you can expect to get the money within 24 hours or less.

What are the Risks?

When approved for a logbook loan, you lender will keep the V5 document of the vehicle. You, on one hand, get to keep and still use your car. However, there is a high risk involved here. Since the loan is secured against your car, you put it at risk of repossession in the event that you miss or delay with several repayments or if you do not make payments at all. To avoid repossession, commit to pay religiously, preferably before your due date to cover all bases.

Saturday 22 October 2016

Why are logbook loans very popular?


On the off chance that you are a millennial, you won't not have the capacity to completely understand why logbook loans are exceptionally prominent or why a decent number of UK natives hold it in high regard. Previously, before logbook loan got to be standard, applying and getting affirmed for a logbook loan was likened to attempting to fell a tree with a disposable cutter. Individuals were required to have a decent FICO assessment before they could be endorsed for a credit. Those with a poor FICO assessment had no real option except to kick back and look as those with a decent record of loan repayment got endorsed and delighted in credit offices.

Quick forward to today and the landscape has hugely changed. The revealing of logbook loans that don't harp on a man's FICO assessment have to be sure put individuals on equivalent platform. People no longer need to stress over credit checks at whatever point they are applying for logbook loans. Truth be told, one of the numerous reasons why logbook loans are prevalent is on the grounds that a man's record as a consumer is not mulled over before being affirmed. Whether you have a past filled with CCJ or defaults, you can apply and get affirmed inside no time.

The second motivation behind why logbook-loans are prevalent needs to do with the way that the application procedure is quite basic and direct. Not at all like different sorts of advances where the prerequisites are stringent and paper work can take perpetually, logbook loans can be connected online inside minutes and endorsement done inside hours. This is a long ways from the bureaucratic procedure that we are utilized to when managing individual credits from high road banks.

Thirdly, the main security required when applying for a logbook loan is an auto. This is obviously something that numerous individuals with a poor FICO assessment appreciate. Likewise, the way that you incidentally surrender responsibility for auto yet keep utilizing it as you reimburse the credit is something that have made logbook loans exceptionally famous. Envision utilizing a business auto as security and keep on using it to win pay as you make reimbursements for your credit! logbook loans online 

Access to higher measures of cash is another reason that have made logbook advances exceptionally prominent. Actually, individuals with a poor FICO score once in a while get endorsed for high measures of cash. Be that as it may, the circumstance is diverse with logbook credits. You can access cash up to 70% of your official auto esteem and this is something that a great many people find appealing about logbook loans.

Adaptability of reimbursement is likewise another critical purpose behind the rising notoriety of installment. Contingent upon when you get your installment, you can pick to make week, bi-week after week or month to month reimbursements to your moneylender. The way that the reimbursement period is up to 78 weeks likewise makes it feasible for a man to arrange well ahead of time how they will reimburse the credit without straining their accounts!

Thursday 13 October 2016

Important Things For Logbook Loans

Things To Know About Logbook Loans

There are plenty of personal loans available in the UK. The problem is when you have a poor credit score, you’ll have a hard time getting approved for a loan especially when you need it. In this case, this is when logbook loans may be helpful. While accessible, logbook loans can be risky too. This guide will help you determine whether a logbook loan is suitable for you or not.

What are logbook loans?


Logbook loans are personal loans secured on an asset, in this case, the borrower’s vehicle. It is a type of secured loan where you can cash in on your vehicle while still keeping it. The financial product is widely available in the UK especially among borrowers who get rejected by major lenders due to their less than stellar credit rating.

Who can apply for a logbook loan?


If you live in the UK, you are of legal age and you’re a vehicle owner then you can apply for a log-book-loan. With the security requirement, logbook loans are usually easy to get approved for. Providers won’t consider your credit score hence ideal if you have a bad credit rating. You have to be employed with a steady stream of monthly income to be eligible.

How much can you borrow?


With logbook loans, loan amounts are larger than what unsecured loans offer. In most cases, providers offer loans from £500 up to £25,000 maximum. The amount you can borrow will be affected by two major factors, your income and your vehicle’s trade value. As for the repayment terms, you can repay the loan from 12 months up to 36 months.

How much does a logbook loan cost?


Logbook loans may be quick to access but it can be really risky and expensive. The typical cost of a logbook loan is represented by its 400% APR on average. Most of the time, the rep APR can be even higher than that. The rep APR essentially covers your loan’s total cost including interest rates, admin fees and other related charges.
For example, if you borrowed £850 at 450% APR and you want to repay it over the course of 18 months, you’ll end paying a total of £2,533 by the end of the term or that’s about £141 per month. As you can see, the amount of interest you’ll be paying is significantly more than the original loan.


How logbook loans work?

When you apply for a logbook-loan, you are essentially taking out cash from your vehicle. Your provider won’t get your car in exchange for the cash you need. Instead, you get to keep your car but ownership has been transferred to your lender until you’ve repaid the loan in full. You’ll be asked to sign a debt agreement along with a bill of sale document. This means that you agree with the terms that your lender can repossess your vehicle if and when you are unable to repay the loan. The bill of sale then allows your lender to sell your car if you are unable to update your payments after repossession.

Are logbook loans right for you?

Because logbook loans are risky and costly, deciding on whether to apply for one should be carefully planned. First, you need to make sure it’s the right type of loan deal for you. Secondly, you need to make sure you can commit to timely repayments each month. And finally, you need to plan your borrowing. Apply only for what you need and you can afford.

Monday 10 October 2016

Logbook Loans Cheshire



Looking for quick cash? Eaffy logbook loans are for you


If you need anything from £250 up to £50,000 then this could be the answer... and you even get to carry on driving your car. You can even receive your money in under 24 hours if your car is free of finance and you meet the criteria.
Eaffy Logbook Loans have become one of the most popular types of loans as you aren’t faced with the usual hassles and checks. If any of your previous loan applications have been refused, then this could well be the ideal solution.

The funds you release for your car can be used on anything... Logbook Loans give you the flexibility to pay of other loan amounts, go on holiday or just release some cash flow if you prefer.
No obligation: Hundreds of people apply for a free quote every single day! Why not get your free no-obligation quote today?
Been refused before? If you’ve been thwarted before at the credit check stage when applying for loans then relax... V5 loans are amongst the most accessible loan types.
Keep driving your car: Keep the keys and carry on driving your car whilst enjoying borrowing some of the value.
One minute application: Applying for your Logbook Loan quote is simple, quick and can be done via our online form.
Your money to use: It’s your loan, so your money to spend however you like. There are no restrictions on how you can spend your Logbook Loan.
Loans to suit you: Not all loans ’out the box’ suit everyone, so have a chat with an advisor to see how a Logbook Loan can work for your own situation.











It couldn’t be easier to apply for Eaffy Logbook Loans with our site, in fact all you need to do is complete the short application form on this page with some basic information, then you’ll be contacted by a Logbook Loan specialist to discuss your lending requirements further.
With simple online application and free no-obligation Hereford Logbook Loan quotes, why not see how much you could lend now! Logbook loans online

Logbook Loans For Older Cars? Absolutely.


If you’re wondering whether your older car is still eligible for a loan then you may be in luck. Some
other Cheshire lenders will limit the age of an eligible car to 8 years, but the lenders on our Cheshire network focus mainly on the current value of your vehicle which means that older cars may still be eligible. It’s easy to see if your car meets the criteria... simply complete the short enquiry form you can see above.

No Credit Check Logbook Loans?

Sadly this isn’t actually the case, and is a misconception about V5 loans but it shouldn’t put you off from enquiring. Even though all applicants are actually credit checked, because you are using your vehicle as security you may find that a V5 loan is more attainable than other forms of loan making them particularly popular with those with poorer credit histories. So if you’ve been refused in the past you may find this type of loan is your best option.

Saturday 8 October 2016

What you need to know about Logbook Loans

Logbook Loans are perhaps one of the best lending offers for those who cannot get the approval of traditional loans. They offer fast, hassle-free cash without having to wait long and without the burden of producing complex and numerous requirements. Because of the economic down fall, financial companies, including banks, have become stricter and more stringent when releasing money. This poses a big problem for borrowers who need additional cash to pay their overdue debts, bills, tuition, and sustenance of their day to day needs. It is the ease and accessibility of logbook loans that makes it a quicker and painless solution for borrowers – everything can be done online, and the cash can be received in as early as one day. If a borrower has a car and he meets and passes the requirements, then the loan is guaranteed.
Logbook loans only require the submission of the car’s V5 document (V5 loans), as well as proofs of identity and income. The V5 document represents the borrower’s authority and ownership of the vehicle. Because the industry is so popular, many companies have taken the business online to make it more accessible to everyone.

So, how does one apply for a logbook loan?

First, it is essential to have a good understanding of how a logbook loan works. Look for articles in the internet, and do a research on how it works, what it requires, and what are the possible disadvantages if the loan is not paid back as agreed. With the numerous companies providing logbook loans, this information is readily available in the internet. Also, check around for reputable and credible online lenders to ensure that the company is legit and reputable. Upon finding the right logbook loan company, their website should provide an online application form for the borrower’s credentials and contact information. The company will then contact the borrower to discuss the details, including the terms and conditions of the loan. It is important that everything is clear between the two parties by asking questions and making clarifications.
Second, the V5 document needs to be submitted for the application to proceed. Note that this does not mortgage the car to the company – the borrower can still keep the car provided that he is able to maintain timely repayments as agreed with the lending company. This is one big advantage of logbook loans as they still allow the borrower to use the company to drive himself to work or to his business, making repayments more possible as the borrower can still earn his money through his work.

Aside from the V5 document, what are the other requirements?

The lending company will usually ask for proofs of identity and income, or the bank statement in lieu of the proof of income. Furthermore, the borrower needs to be at least 18 years old and is a resident of the United Kingdom. Furthermore, the car needs to be no more than 8 years old and that it is owned by the borrower. The lending company will assess the vehicle, and the borrower can get as much as 50% of the assessment value.

So, what are the benefits of logbook loans against other loan types?

First, logbook loans require no credit assessment. They do not look into the borrower’s credit standing to assess if he is eligible. So long as eligibility is met and the requirements are submitted, the borrower can receive the cash in no time.
Second, logbook loans offer lower interest rates compared to other types of loans. Furthermore, the presence of a variety of online lending companies makes the competition tougher, and so they lower their interest rates to attract more borrowers.
Third, the terms of repayment can be decided solely by the borrower. If the need is immediate and it can be repaid right away, then he can pay it back the soonest possible time to clear himself of debt.

Wednesday 5 October 2016

Beware Logbook Loans On Second-Hand Cars


Most of us drive second-hand cars because we're not made of money. There's a whole load of pitfalls when buying a car that isn't new, but one is often overlooked and particularly troubling.
Drivers could well inherit debts which have been taken out by previous owners of the vehicle you bought, which means you could see your car being seized, when it isn't your fault.
Eaffy Logbook-loans have sent out a warning after stating that one in five people who reported a problem to them about logbook loans, they ended up having their car repossessed despite not borrowing the money themselves.
What happens is, someone takes out a logbook loan and they put their car up as security. Like using a pawnbroker, the full ownership of the car is retained by logbook loaner until the debt has been paid off in full.
Eaffy Logbook loans have warned that you might buy a car that is still the subject to an outstanding logbook loan taken out by the previous owner and you, who have done nothing wrong, ends up being chased for the debt.
There's an estimated 60,000 logbook loans to be taken out this year, which is a 61% increase on 2011. The CA survey regarding drivers who had bought a second-hand car found that 63% did not check if the car had an outstanding loan.
As such, they'd like to see the law changed so that the car cannot be taken if the owner is not the original borrower. The person should own the loan, but the thing they put up as security.
Sadly, at the moment, there's no way of telling whether or not the car you're buying has a logbook loan attached to it, which is why it has become such a problem.

Tuesday 27 September 2016

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.

Monday 19 September 2016

Your Auto Is Your Security With Our Stockport Logbook Loans UK

We take pride in being incredible and fit change specialists, and are supported individuals from the Consumer Credit Trade Association. With our logbook drives, this starts we will dependably ensure your month to month reimbursements are sensible, and that our terms are versatile to your necessities. Our Logbook Loans range from £250 - £50,000, so you secure as unfortunate or as much as you incline toward.

Logbook advances are accessible on the more dependable choice and on the web.

You can routinely get amongst £250 and £50,000, subordinate upon how much your auto justifies, overlooking the way that you may essentially be permitted to get up to half of your auto's quality.

Note that Logbook moneylenders take your V5 when you concur your credit. This makes them the enlisted watchman of your vehicle for the term of the credit and in the event that you miss even a solitary bundle, your auto can be sold rapidly and without experiencing a court framework. This puts logbook moneylenders into the bank of final resort class and it's a given that it's essential that you guarantee you can make the reimbursements before focusing on expecting out a logbook request.

Your auto is your security with our Logbook-loans, making Auto Advance open to more borrowers and reviving the system much further. Logbook Loans with Auto Advance are not simply kept to vehicles, we in like way headway on motorbikes and vans.

We comprehend the unmistakable life conditions that have made you have poor credit, and we get a handle on that there are a wide measure of times when it isn't your inadequacy. We recognize that past slip-ups or issues shouldn't be the reason on the most fit strategy to gage your capacity to obtain and pay back later on.

We work in relationship with two of the best logbook credit advance administrators in the UK. They consider applications from borrowers with a not as much as flawless cash related assessment. Despite the way that you've had repossessions or court judgments, they may have the ability to help you secure the cash that you require gave you are qualified and can manage the cost of the reimbursement.

Log-book-loan is a quick and vital approach to manage administer wander back the money from your auto. Logbook credit is here to give a weight free, sensible and sensible answer for your budgetary needs, whatever they might be.

Logbook advances are credits secured on your vehicle, so the bank declares your vehicle until you pay the change back. You can continue utilizing your vehicle the length of you reimburse the credit. Regardless, they are costly and dangerous and you ought to evade them in the event that you can.

Thursday 15 September 2016

Process Of Getting A Logbook Loan



There are two sorts of individuals who are most enamored with logbook credits: the individuals who can't get their hands on general advances and the individuals who don't wish to hold up through the whole procedure. Logbook Loans, as well, have a methodology to take after, yet it is no place as monotonous as the traditional one. It is entirely straightforward however a long way from normal learning. Individuals need to know increasingly about logbook advances and this article listens to their interest. So on the off chance that you have found out about the advance and are acquainted with the fundamental idea, yet at the same time wish to become acquainted with the definite strides that occur, this article is for you. It investigates the whole course from application to endorsement.

On the off chance that you will put your auto as security and get a logbook advance affirmed, yet stay ignorant regarding where to begin, the principal thing you have to do is discover the moneylender. These loan specialists are turning out to be progressively open and you ought not have much trouble discovering one on the web. Notwithstanding, ensure it is a nearby organization, since they would in the end need to see your auto. You ought to search through various necessities and read through late charges and increments in loan costs, in the event of steady late installments. Becoming acquainted with the bank totally, before going ahead, is dependably the smarter choice. You would prefer not to put the responsibility for auto into wrong hands. Be that as it may, on the off chance that you are managing an all around presumed firm, these second thoughts ought not stress you.

Having settled on where to get the advance from, you can continue towards the online application. This application is shockingly straightforward. These applications more often than not request individual, work, monetary and auto related subtle elements. You ought not need to take out more than 15 to 20 minutes to finish the application. On the off chance that you discover any sort of trouble filling the structure, you can simply call the without toll number, where the administrator would walk you through the whole application-filling process. In the event that there are a particular inquiries you require replied, don't hesitate to inquire. This progression closes once you present the application. Presently you ought to sit tight for an answer.


When your application is affirmed, expect a telephone call from the administrator. It ordinarily talks about a couple points of interest, affirm your enthusiasm for getting the advance and above all, organize an arrangement. This arrangement includes a visit from an agent of that organization. He or she would be in charge of reviewing your auto and guaranteeing that the subtle elements, which you entered in your application, are valid. Since they hold your auto as guarantee and offer it to settle your obligation in the event that you don't pay back the advance, they would need to be fulfilled.

Next, we move the last stride. In the wake of assessing your auto's worth, they will get in touch with you with the offer. They are prone to offer around half 75% of the auto's assessed worth. On the off chance that you acknowledge the offer, you can have the cash inside 60 minutes. After getting the cash, you handover the auto's logbook, alongside its lawful possession, to the loaning foundation.

Presently, you have the cash in your grasp and the auto in your carport. You can would whatever you like to do with the cash, they have positively no sympathy toward it. What they do look forward is credit reimbursement and interest installments. For whatever length of time that you orchestrate that, your relationship is sans anxiety and great to go. As should be obvious the procedure is exceptionally shortsighted. There is insignificant printed material and practically zero bother. On the off chance that you contrast it with different advances, it looks pipe dream. Maybe this is the reason individuals are progressively turning towards logbook advances.

Wednesday 14 September 2016

Why choose a logbook loan?


In the event that you claim an auto, a credit against it can be an extraordinary approach to raise fund. You utilize your auto as security for the advance and get a singular amount installment into your financial balance.

You then reimburse the credit in month to month or week by week portions which will cover both the sum you initially obtained and the enthusiasm on that sum.

The sum you can acquire relies on upon the estimation of your auto. The higher the estimation of your auto, the more you are prone to have the capacity to acquire. This will likewise rely on upon the amount you can pay back after we experience moderateness checks with you.

Acting naturally utilized won't stop you applying for a line of credit, the length of we can see that you have a consistent pay and the measure of cash you have left every month after all your outgoings is sufficient to cover your advance installments, your application will regularly be effective.

What is the process of taking out a loan?

Applying for a new line of credit against your auto can be a basic procedure. You need an auto that is clear of fund to have the capacity to begin your application, and you ought to have the capacity to demonstrate your wage with bank articulations or payslips. You will likewise require confirmation of your location, ideally utilizing a service bill from the most recent 3 months and a personal ID.

When you apply for your advance with Eaffy logbook loan we will control you through all that you require keeping in mind the end goal to make your application. One of our agents will turn out to meet you either at your home or an area of your decision to see your auto, furthermore for you to sign your archives. This can by and large happen around the same time you apply for the credit.

How long can the loan be for?

The maximum length of time we lend for is 36 months. You can be flexible with the amount of time you have the loan for, from a few months to 2 years. The amount of interest you pay back will vary depending on the length of time you take the loan out for.
You may want to compare logbook loans from various lenders to see what their interest rates are and how long their loans are for.
You are also able to easily pay your loan back early, which is a simple process. Simply contact us and we will arrange this with you.

Your Auto is your security with our Logbook Loans





Logbook Loan is a brisk and principal way to deal with oversee venture back the cash from your auto. Logbook credit is here to give a burden free, sensible and sensible solution for your budgetary needs, whatever they may be.

Logbook advances are credits secured on your vehicle, so the bank attests your vehicle until you pay the change back. You can keep using your vehicle the length of you repay the credit. In any case, they are unreasonable and perilous and you should avoid them if you can.

Logbook advances are open on the more trustworthy decision and on the web.

You can traditionally get amongst £500 and £50,000, subordinate upon how much your auto merits, dismissing the way that you may basically be allowed to get up to half of your auto's quality.

These are the reports that show you are the chosen watchman of the vehicle.

We take pride in being great and fit improvement experts, and are affirmed people from the Consumer Credit Trade Association. With our logbook drives, this instigates we will reliably guarantee your month to month repayments are sensible, and that our terms are adaptable to your necessities. Our Logbook Loans range from £500 - £25000, so you secure as unfortunate or as much as you slope toward.

Your auto is your security with our Logbook Loans, making Auto Advance open to more borrowers and breathing life into the system much further. Logbook Loans with Auto Advance are not just kept to vehicles, we in like path advancement on motorbikes and vans.

Note that Logbook moneylenders take your V5 when you agree your credit. This makes them the enrolled watchman of your vehicle for the term of the credit and if you miss even a singular bundle, your auto can be sold quickly and without encountering a court system. This puts logbook moneylenders into the bank of last resort class and it's a given that it's huge that you promise you can make the repayments before concentrating on expecting out a logbook assertion.

We understand the unmistakable life conditions that have made you have poor credit, and we grasp that there are a wide measure of times when it isn't your inadequacy. We acknowledge that past mistakes or issues shouldn't be the reason on the most capable system to gage your ability to acquire and pay back later on.

We work in association with two of the best logbook credit advance supervisors in the UK. They consider applications from borrowers with a not as much as immaculate money related evaluation. In spite of the way that you've had repossessions or court judgments, they might have the capacity to help you secure the money that you require gave you are qualified and can deal with the expense of the repayment.

Monday 12 September 2016

How a Logbook Loan Works


Just like any other loan, you can take out a logbook loan on the high street or there are plenty of online providers too. Offering loans of anywhere between £250 and £100,000, these lenders charge Annual Percentage Rates (APRs) of at least 100%, with 450% being far from unusual. When you consider that high street loans are available with APRs below 5%, your options have to be pretty narrow to sign up for one of these loans.
Repayment periods can be as little as three months (although at least six months is more common), while some lenders will let you pay back the debt over as much as five years. How much you’ll be able to borrow will depend on how much your car is worth – remember that’s what the loan is secured upon. Some lenders will let you borrow up to half of what your car will fetch, but the terms and conditions vary from one lender to another.
When you take on a logbook loan "loan against caryou’ll have to hand your registration document (V5C) over to the lender and you won’t get it back until the debt has been cleared. Default on the payments and your car will be seized so you’ll never get the V5C (or your car) back. 
If you live in England, Wales or Northern Ireland you’ll have to sign a credit agreement and a bill of sale. By doing this you’re assigning temporary ownership of your car to the lender, but as long as you keep up the payments you can continue to drive it. Crucially though, the law recognise a bill of sale only if the lender registers it with the High Court. Should the lender fail to do so, the lender has to get a court’s approval to repossess your vehicle.
If you live in Scotland, bear in mind that bills of sale aren’t recognised, which means they can’t be used as security and they’re not legally binding.
As with any loan you need to read the small print very carefully, paying especially close attention to what the arrangement will cost you. A typical logbook loan has an APR of around 300%, so if you borrow just £1000 for 12 months, you’ll have to pay back £1960, at £163 each month. Take out the same loan on the high street and you could potentially cut these costs to as little as £1032 and £86; just half as much.

What is Logbook Loans?

logbook loan is a form of secured lending in the United Kingdom and is the most common modern example of a security bill of sale. Borrowers transfer ownership of their car, van or motorcycle to the logbook lender as security for a loan. While making repayments borrowers keep possession of their vehicle and continue to use it. When the logbook loan is repaid, the borrower regains ownership of their vehicle.Borrowers hand the logbook lender the V5C registration document - or “logbook” - but this is purely symbolic and has no legal effect. If the borrower defaults, the logbook lender can seize the vehicle and look to the proceeds of sale for satisfaction of the loan. Unlike a car title loan in the United States, the logbook lender can, under English law, seize the vehicle without a court order.
In England and Wales, logbook loans are regulated by the Bills of Sale Act 1878 and Bills of Sale Act (1878) Amendment Act 1882. Logbook loans and the Bills of Sale Acts have been subject to loans, should be banned. The government’s response to the consultation was published in 2011. The much criticism. In 2009, a consultation by the Department for Business, Innovation and Skills examined the Bills of Sale Acts and proposed that bills of sale for consumer lending, such as logbook response left the Bills of Sale Acts intact and led to the introduction of a voluntary code of practice for logbook lenders.
In 2014, the Bills of Sale Acts were once again examined, this time by the Law Commisions for England and Wales. The Law Commission published its consultation paper on 9 September 2015.

Tuesday 6 September 2016

Eaffy LogBook Loans UK

Logbook Loan is a speedy and simple approach to pull back the money from your auto. Logbook credit is here to give a bother free, reasonable and sensible answer for your monetary needs, whatever they might be.

Logbook credits are advances secured on your vehicle, so the moneylender possesses your vehicle until you pay the advance back. You can continue utilizing your vehicle the length of you reimburse the credit. Be that as it may, they are costly and unsafe and you ought to keep away from them in the event that you can.

We take pride in being moral and capable loan specialists, and are authorize individuals from the Consumer Credit Trade Association. With our logbook credits, this implies we will dependably ensure your month to month reimbursements are reasonable, and that our terms are adaptable to your requirements. Our Logbook Loans range from £250 - £50,000, so you obtain as meager or as much as you prefer.

Your auto is your security with our Logbook Loans, making Auto Advance open to more borrowers and accelerating the procedure much further. Logbook Loans with Auto Advance are not simply limited to autos, we likewise loan on motorbikes and vans.

As Logbook advances are gone for those with awful credit the rates are by and large entirely high, running from 132% APR to 450.5%. Advance terms are moderately short, going from 6 months to 3 years with credit sums amongst £250 and £50,000. The estimation of the credit you're ready to get with a logbook bank will rely on upon the estimation of your auto. Now and again remarkable account on your auto can be deducted from the general estimation of the advance offered however this will rely on upon the estimation of your auto.

Note that Logbook moneylenders take your V5 when you concur your advance. This makes them the enlisted attendant of your vehicle for the term of the credit and on the off chance that you miss even a solitary installment, your auto can be sold rapidly and without experiencing a court procedure. This puts logbook banks into the moneylender of final resort class and it's a given that it's completely basic that you guarantee you can make the reimbursements before focusing on taking out a logbook credit.

Logbook Loana online accessible on the high road and on the web.

You can ordinarily acquire amongst £250 and £50,000, contingent upon how much your auto is worth, in spite of the fact that you may just be permitted to get up to half of your auto's quality.

When you take out a logbook advance you will
be requested that hand over your vehicle's logbook or vehicle enlistment report.

These are the reports that demonstrate you are the enlisted manager of the vehicle.


We comprehend the different life circumstances that have made you have poor credit, and we realize that there are a considerable measure of times when it isn't your issue. We trust that past mix-ups or issues shouldn't be the premise on the best way to gage your capacity to obtain and pay back later on.

We work in association with two of the biggest logbook credit moneylenders in the UK. They consider applications from borrowers with a not as much as impeccable financial assessment. Regardless of the possibility that you've had repossessions or court judgments, they may have the capacity to help you get the cash that you require gave you are qualified and can manage the cost of the reimbursement.