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!  

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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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Logbook Loans Stockport Get Money In Minutes

Why Logbook Money?

If you need to get a loan with bad credit, then logbook loans uk are the ideal source of receiving a large amount of money in the shortest possible amount of time. With this type of log book finance, borrowers can receive your loan within the same day or at the very latest twenty-four hours...

These types of loans are secured against the log book of the borrower's vehicle. Borrowers can expect secured, flexible loans with terms ranging from 12 to 36 months. Since the loan is secured against the car, borrowers can receive money easily and without hassles. These loans are also eligible for bad credit borrowers and those with bad credit history such as cases of IVA, bankruptcies, defaults and CCJ's. Another advantage of logbook loans is that a borrower's credit rating can be improved by making regular repayments and completely ending the refinancing on time.

Money in an Emergency?

The money from this type of finance can help you to pay off unexpected emergency expenses like home improvements, paying off debts or outstanding bills, wedding expenses and holiday costs.

Logbook lending companies can help people with a poor credit history as they are bad credit lenders. The amount of money obtained from the loan will depend on the value of the car and subject to your eligibility and affordability (i.e. the borrower's ability to make repayments). As part of the application process, borrowers must provide proof of their income, for example, wage slips, bank statements. In general, logbook loans are short-term loans which borrowers can repay within time period. However, being short-term in nature, lenders charge higher interest rate on these loans. By finding a reputable UK logbook loans company, borrowers can get a good loan rate, and the money they need.

How to Get Money from your Logbook

If you need to get a loan with bad credit, then logbook loans are the ideal source of a large amount of money when you need it. With log book loans, borrowers can receive money within the same day or at the very latest twenty-four hours... These types of loans are secured against the logbook of the borrower's vehicle. Borrowers can expect secured loans with flexible terms usually from twelve to thirty six months. Since the loan is secured against the logbook, borrowers can receive money without hassles. These loans are also eligible for bad credit borrowers and those with bad credit history such as cases of IVA, bankruptcies, defaults and CCJ's (subject to their eligibility and affordability). Another advantage of logbook loans is that a borrower's credit rating can be improved by making regular repayments of the loan amount.

The money from this loan can help you to pay off unexpected emergency expenses like home improvements, paying off debts or outstanding bills, wedding expenses and holiday costs.

Logbook loan companies can help people with a poor credit history as they are bad credit lenders. The amount of money obtained from the loan will depend on the borrower's ability to make repayments, that is subject to the borrower's eligibility and affordability, and the value of the car. As part of the application process, borrowers must provide proof of their income, for example, wage slips, bank statements. In general, logbook loans are short-term loans which borrowers can repay within time period. However, being short-term in nature, lenders charge higher interest rate on these loans. By finding a reputable UK log book loan company, borrowers can get a good loan rate, and the money that they need.

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Get Money In Minutes from Your Car's Logbook

Do you need a little bit of extra financial help? Do you want to settle all your outstanding debts into one simple payment? Well now you can, logbook loans are increasing in popularity as the ideal way to consolidate all your loans - the perfect debt consolidation loan.

Did you know that with help of the log book of your car, you can borrow up to £50,000 in less than 24 hours? Well now you can. A log book can help you to receive the money you need for all your financial needs by using secured loans against your car's log book.

What's a Logbook?

A log book is a legal document that includes all the essential details of your car, for example: the model number, chassis number, registration mark, colour, ownership, and other details.

With the help of logbook loans you can receive a large amount of money by just securing your log book with the lender, which is then used as a form of security. People with bad credit can apply for these loans as well, subject to eligibility and affordability. Even if you have arrears, defaults, CCJ's, an IVA, or a bankruptcy, you can still enquire about a logbook loan.

To be considered for log book loan, you must meet certain application criteria:

You should be have a regular income, and be able to provide proof of this.

Your car should ideally be under eight years old.

Your car should be clear of any finance, and be fully up to date with any legally applicable taxes, insurance and MOT.

The log book must be registered under your name.

The money you receive from a log book finance can be used for many important, everyday things, like paying off existing debts, arranging holidays, wedding's, kid's, etc.

A log book loan is the most convenient option to get the money for all your needs. You can borrow from £250 to £50,000, with a repayment term of 1 to 3 years. Get a hassle free loan by enquiring about logbook loans uk today.

450.5% APR Representative

Our Lending Partners Representative Example

In the event that you acquire £850 more than year and a half at a level rate of 132% for each annum (settled) with an agent 450.5% APR you will make 17 regularly scheduled installments of £140.72 and 1 installment of £140.76, reimbursing £2,533.00 altogether. Be that as it may, our loaning accomplices just charge intrigue month to month and don't punish you for early settlement. In the event that you reimbursed the credit in one month it would cost you just £93.50 and nothing more.

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Bad Credit Logbook Loan Company UK: Cheap & Best Log Book Loans

When you need money quickly for an emergency or to help pay your bills, you may not have time to wait on a decision for a traditional loan. While you can get money quickly through a payday loan, you can only borrow a small amount from those lenders. Instead, you can take out a logbook loan to get the cash you need quickly.

How to Take Out a Logbook Loan

When you need to borrow money quickly, you can use your vehicle to take out a logbook loan. Borrowers will use their car to help them get a logbook loan, which eliminates the need for the lender to look up your credit history to qualify you for a loan. Along with cars, some lenders will also allow you to use a motorbike or van in order to get cash.

The lender retains the logbook, which is documentation detailing who owns the  vehicle that you are using as collateral for borrowing money. The lender will also have you sign a Bill of Sale agreement that shows they temporarily own the vehicle. When you finish repaying the loan, which can take more than a year depending on the loan amount, the agreement will be terminated.

Even though you use your vehicle as collateral, you will still retain possession of it while you repay the loan. However, it is important to note that if you take out a logbook loan in the UK and you do not make the repayments, your vehicle can be repossessed by the lender. Since the lender is holding a Bill of Sale, they do not need a court order to repossess your car, motorbike or van.

Along with your vehicle, you will also need to prove that you have a steady source of income. This shows the lender that you have the means in which to repay the money they allow you to borrow. If you can provide proof of a job or another source of income, then you will be able to borrow the money you need to pay off your bills, consolidate some of your debts or to help you in an emergency situation.

How Much Can You Borrow?

Usually, the least amount of money you can borrow is £250 and the maximum amount will depend on the lender. Some companies will only lend up to £2000 while Eaffy Logbook Loans will lend you significantly more money. It will also depend on the vehicle you use for taking out the loan.

The Advantages of a Logbook Loan

As long as you have a vehicle that you can use as collateral, you can borrow money by taking out through a logbook loan company. There are several advantages to using a logbook loan including:

1. Get money quickly.
2. Bad credit is okay.
3. Larger loan amounts.
4. Borrowing money with other vehicles.
5. Easy online process.

Get Money Quickly

When you need money quickly, you won't have to wait for days on a loan decision like you would if you tried to borrow money from a traditional lender. Most logbook loan lenders make their decisions within minutes, sometimes as quickly as 15 minutes, and you can walk out with cash in hand.

Their quick decisions will allow you to take out a loan and make your bill payment the same day. Instead of going to a logbook lender directly, some lenders also offer these loans online. If you apply for a logbook loans online, the money is transferred directly to your bank account and you can pay your bill by a cheque or directly through your bank card.

Bad Credit Is Okay

If you have bad credit, it can be difficult to get a loan from a traditional lender like a bank. Instead of using a payday loan to get the extra money you need, you can take out cheap logbook loans in the UK. You can still take out logbook loans with bad credit to get the money you need in just minutes. As long as you have a vehicle and a steady source of income, you can take out a logbook loan.

Larger Loan Amounts

Usually, if you have a bad credit history, the only loan options you may have are payday loans. However, payday loans are usually only available in small amounts that can be repaid when you get your next paycheque. If you need to have more money than a payday loan lender offers, a logbook loan is a good option.

While most logbook loan companies offer amounts as low as £250 for your vehicle, the maximum loan amounts they offer are significantly higher than payday loans. Some of the logbook loans in the UK will offer as much as £50,000. This will allow you to pay off any bills you have or help with any emergency that comes along.

Borrowing Money with Other Vehicles

While most borrowers use their cars to secure cheap logbook loans, if you don't have a car, you may be able to use another type of vehicle and get cash. Many logbook lenders will allow customers to use their motorbikes, vans or trucks to secure a loan. If you do use a motorbike, your loan may not be significant, but it could be enough to get you through an emergency or help you pay your bills.

Easy Online Process

You don't have to go to a lender's business in order to borrow the money you need. Many of the best logbook loans will be available to you online. You just need to fill out the online application or call the number listed on the website. Just as you would in person, you would provide information about your vehicle and your source of income.

You will need to agree to the terms and conditions of the loan, apply for the amount of money you need and wait for the lender's decision. When applying online, you may have the money transferred directly into your account in as little as two hours. Getting log book loans in the UK is a good way to get money that you need.

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Why are logbook loans very popular?

If you are a millennial, you might not be able to fully comprehend why logbook loans are very popular or why a good number of UK citizens hold it in high esteem. In the past, before logbook loans became mainstream, applying and getting approved for a logbook loan was akin to trying to fell a tree with a razor blade. People were required to have a good credit score before they could be approved for a loan. Those with a poor credit score had no choice but to sit back and watch as those with a good credit history got approved and enjoyed credit facilities.

Eaffy Logbook Loan is a quick and fundamental approach to manage step back the money from your auto. Logbook credit is here to give an inconvenience free, sensible and sensible answer for your budgetary needs, whatever they might be.

Logbook advances are credits secured on your vehicle, so the logbook lender affirms your vehicle until you pay the improvement 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.

Fast forward to today and the terrain has immensely changed. The unveiling of logbook loans that do not dwell on a person’s credit score have indeed put people on equal pedestal. Individuals no longer need to worry about credit checks whenever they are applying for logbook loans. In fact, one of the many reasons why logbook loans are popular is because a person’s credit history is not taken into consideration prior to being approved. Whether you have a history of CCJ or defaults, you can apply and get approved within no time.

The second reason why logbook loans are popular has to do with the fact that the application process is pretty simple and straightforward. Unlike other types of loans where the requirements are stringent and paper work can take forever, logbook loans can be applied online within minutes and approval done within hours. This is a far cry from the bureaucratic process that we are used to when dealing with personal loans from high street banks.

Thirdly, the only collateral needed when applying for a logbook loan is a car. This is of course something that many people with a poor credit rating appreciate. Also, the fact that you temporarily give up ownership of your car but continue using it as you repay the loan is one of the things that have made logbook loans very popular. Imagine using a business car as collateral and continue to use it to earn income as you make repayments for your loan!

Access to higher amounts of money is another reason that have made logbook loans UK very popular. In fact, people with a poor credit rating rarely get approved for high amounts of money. However, the situation is different with logbook loans. You can get access to money up to 70% of your official car value and this is something that most people find attractive about logbook loans.

Flexibility of repayment is also another important reason for the rising popularity of payment. Depending on when you receive your payment, you can opt to make week, bi-weekly or monthly repayments to your lender. The fact that the repayment period is up to 78 weeks also makes it possible for a person to plan well in advance how they will repay the loan without straining their finances!

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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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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.

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Logbook loans: Enjoy Safe Money Based On your Car

The last time I checked, applying and getting approved for a loan was pretty much an involving task. It was, in retrospect, a strenuous process that involved too much paper work and dragged on end. In fact, the experience was not pretty for UK individuals with a poor credit rating. A person had to make applications with various lenders with the hope that one would be lenient on their credit status and approve their application. As if that was not hellish or frustrating enough, getting an emergency loan was an impossibility. It was simply impossible to get approved for a loan within 24 hours especially if you had a poor credit rating.

For long, this was the accepted phenomenon until logbook loans became a reality. Using ones car as security, logbook loans have indeed become popular among UK individuals with a poor credit rating. To qualify for a logbook loans UK, a person needs to have a car registered in their own name, to be a citizen of the UK, to be a person of sound mind, to be in employment and to be a person of 18 years and above. If you meet the basic requirements aforementioned, getting a logbook loan within 24 hours should be a walk in the park if you approach the right lender.

Applying for a logbook loan is not a difficult thing these days. People have to do very easy task to obtain money and then, they get it with ease. If a person is having his own car that is not too older, the finance would be given to them on behalf of their cars. In fact, your car is not kept as collateral and a person can use it freely for any necessity and it is never a tiresome job at all. You should not be puzzled for cash support when you are longing for instant money for urgency as these loans would fulfil your wishes easily.

Logbook loans are the good to repay. They come for some month’s duration and people can return the loan debt through instalment process where they feel no tension. They are not asked to pay back the loan debt at once and it saves all from crises and they also handle it within their budgets. These loans come with some simple conditions that you follow in some minutes and then, all problems will leave you.

The most important concern is to apply the form via online form and it would be easy deed to do. Once the form gets filled out and it is verified, the person qualifies for the loan debt and he earns money in next few hours. Financial companies offer several awesome features for you to obtain money and they bring comfort in your life. Some conditions are to be followed and they are:

Person must be UK inhabitant

Person must be 18 years old

Person must run valid bank statement etc.

Once these conditions match the criteria, a person is approved. As a result, you have power to tackle with all necessities in a convenient manner. Though availing loans finance is not expensive these days, however the lender can help you borrow money at affordable interest rate along with convenient terms and conditions. So, once you start dealing with them, you can discuss all affairs about logbook loans and you have funds to use it for any purpose. Therefore, it can make you feeling stronger to cope with any uncertainty which occurs in your life. Every problem has an ending point and you can catch it with your wisdom and good efforts. Don’t be tensed and it willlet you make better decision in any urgency.

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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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Logbook Loans - V5 Loans

Credit Against your Car

With a log book loan you keep your car while you are reimbursing the amount we have assigned you.

Fill out the form on this page and submit. A representative will touch base with you shortly with a no-obligation quote and with further info on how you can have a loan assigned to you!

If you are hard pressed for cash for any urgent need, we are here for you. We offer a simple platform that is designed to make life a whole lot easier for you. We have managed to come up with a more feasible alternative to the payday market by incorporating your vehicle as collateral or trust fund. This gives the facility unmatched flexibility.

What You Need to Know

•     The loan facility can be accessed by furnishing your  vehicle’s logbook and proof of income.
•       You get to keep your vehicle. The logbook is to be  submitted as collateral.     
•      The application is processed within a good time
•      You can apply for any amount between £250 to  £50,000
•      Making it a great option for those seeking bad credit  loans
•      The collateral for this form of payday loan can be  your car, boat or even a motorcycle
•      Your vehicle can be repossessed if you fail to pay  and late payments attract a small charge

Eaffy Logbook loans Loans Are Also Available On High Street And On the Web.

There are several reasons why you should choose us. Our service and terms are friendly. We also understand how to make it work for you without pulling you deeper into a financial black hole. On top of all this, we stick to the CCTA voluntary code of practice.

1. Eaffy Logbook loan is the Most Reliable on the Market

How We Work

We are experts at finding the right loan for your personal circumstances. Our simple comparison process eliminates the hassle of applying multiple times by searching a wide panel of lenders to compare 100s of loan products. Our Commitment To You

There are no upfront fees, you are under no obligation and our comparison service will not affect your credit rating. Fast, Free and Flexible

Shopping for Logbook Loans - V5 Loans

Our comparison service can help whether you are employed or self-employed. Secure and Confidential

We promise that your details are safe and secure with us and that yourdata is held in accordance with the Data Protection Act of 1998.Logbook loans and V5 loans are made by a 3rd party company.

Logbook Loans - V5 Loans - Need More Info?

Contact Us at eaffylogbookloans.uk to get more information on our version of payday or get your quote.

All major lendings that a person applies for in a lifetime are secured like a mortgage, car and educational leases are mostly secured loans. In case of mortgage and car loan, the very purchase, the house and the car in either case, is the guarantor. Should the debtor or loan holder be unable to pay back the loan, the creditor can take possession of the house or the car and can later sell them off to settle the lease. However, in many cases the bank may require additional assets as well during the application. Simply fill out the form on the left to get a quote from the best in the business!

APPLY NOW!

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