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

Saturday 17 December 2016

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.

Thursday 15 December 2016

Logbook Loans: Drive Off In Your Car and Get A Loan

Have you ever felt overwhelmed with never-ending credit card debt, bills and high interest rates?
You're definitely not alone. You may not want to believe it, but there are millions of people just like you.
If you're not getting the personal loan you want, despite having your own home, there may be a problem with your approach to secured car loans. Getting the money you deserve, need some careful consideration. To get car secured loans in this situation, you will need to take an alternative more proactive stance towards your finances. In this article we will discuss some of the techniques you can use to get loans against your car.

Secured car loans against your car usually last from 36 to 72 months, this repayment term is shorter than many other secured finance methods, to avoid the accumulation of interest. The actual value of collateral used our security would give an indication of the amount of loan you will be offered by lender. For instance, if you take a secured car loan against your home's equity, the loan amount would depend on the valuation of your property.
One of the key differences with log book loans is that you can receive your money usually within 24 hours of your application being submitted. And when all of the money that you borrowed is repaid, your V5 registration document will be returned to you.
To reduce interest rates, try only to borrow what you need, and not any more. Remember that even a slight reduction in your interest rates, can save you a great deal. By comparing different finance packages from several lenders, you can come up with an approximate rate that's right for you. Try to choose the lender that offers you the right amount and matches your requirements perfectly.
As is often the case, borrowers with a bad credit rating, can sometimes be declined by secured finance companies. This means in fact, that such borrowers will need to have to go to alternative lenders, who will usually charge a higher interest rate than the norm. However, it is possible to get lower rates, by simply shopping around and paying off your debt as soon as you can. As a bad credit borrower, it's important that you do not pander to these types of lender just because they are offering you a higher value of loan. Despite the fact that these lenders will sometimes bend over backwards to entice you into a financial product or service, it's important that you do take the correct advice from financial experts on the type of finance that maybe could quite easily take advantage of you.
By being extra vigilant, you can find the right secured finance rates to match your own lifestyle, and not pay over the odds or with lenders that may have dubious motives. Even with CCJ's, arrears and defaults it's still possible to get what you want, subject to your affordability and eligibility. After all, getting into more debt than you can afford is never a good idea. One of the best ways to start is to consider logbook loans.

Monday 12 December 2016

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.


Saturday 10 December 2016

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.

Tuesday 6 December 2016

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.

Friday 2 December 2016

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!


Wednesday 30 November 2016

Logbook loans are loans secured against your vehicle

They are even going to keep the loan confidential so that you don't have any issues. Repaying the loan is quite simple and their rates too are quite good.

 Financial constraints can affect your life without announcing its arrival. Most of the times, as it is observed, surmounting situation like this becomes a tough nut to crack. To add to your woes is your adverse credit score. Banks and traditional money-lending institutions do not cater to the needs of those having a less than perfect credit score. Do not be shattered if similar is your situation as Eaffy Logbook Loans has an answer to all your cash woes. Apply through them for instant loans for bad credit and procure funds without having to worry about facing rejection.

 For all those who are looking to get a loan at a great speed can visit the website eaffylogbookloans.uk. Fast Log Book Money can help anyone in a lot of ways. The website helps the individuals in getting Log Book loans in pretty quick time. In just about 24 hours you can get loans without any credit check. This is the best thing about Log Book Money. The amount of credit you need, you can easily get it without much ado. So, clients can get access to cash in just about 24 hours. 

The main reason behind their popularity is that they don't do any credit checks on you. They provide you hassle free loans whenever you need them. During the complete loan period, you can easily have access to your car. Once you pay off the loan during the desired time period they are going to return your car's log book in double quick time. This is how they operate and offer you some fine services in this industry.

There are several reasons why one can choose them for custom made services in this industry. Some of the reasons are: quick money access, no credit checks at all, simple and straight forward loan procedure, absolutely no impact on your credit report and guaranteed credit approval. No matter you are young or old, whether you earn or not, you can easily get a loan once you contact them. There website has complete information in regard to the services offered by them. Whether you need loan for short term or long term, the company is going to help you in a lot of ways.

They are even going to keep the loan confidential so that you don't have any issues. Repaying the loan is quite simple and their rates too are quite good. For applying today, you can visit their official website http://eaffylogbookloans.uk/. It has complete information for you in regard to their services. For any other information, you can speak to their professionals online. Apply now!

Saturday 26 November 2016

Why A Logbook Loan Is Cheaper Than You Think


When considering using a loan as a solution to your financial problems, the cost of paying it back – the interest and additional fees – can be a deciding factor when making your final choice.

A short-term financial solution
A Logbook Loan can be repaid over anything from six months to three years, depending on the amount you borrow.
However, it is possible to pay back your Logbook Loan early. At Eaffy Logbook Loans, we don’t charge a fee or inflict a penalty if you want to pay your loan back sooner, rather than later.
Some loans, like standard bank loans, charge exit fees or have a set penalty for repaying your loan earlier than agreed. This isn’t the case with our Instant approval and best logbook Loan.

Lower Interest than a payday loan.

Payday loans may seem like a quick fix, but they tend to have a high APR –typically, 1000% to 6000% – meaning the interest on the loan is much higher. This can result in repaying more than you expected.
This is because these loans are unsecured, which means there’s no collateral, so the risk to the lender is higher and, in turn, the interest too.
Logbook Loans have a lower APR than a payday loan because you use your vehicle logbook as collateral – borrowing against the value of your car. This means there is reduced risk to the lender and lower interest payments for the borrower.
If you would like to learn more about how little a Logbook Loan can cost, take a look at our low rates.

How a Logbook Loan can help in an emergency

Dealing with an emergency can have an impact on your finances. If an emergency happens when you’re already running low on cash, such as waiting for payday after a month of heavy spending, you can be left worrying how you can afford to pay to fix the problem. Came to Eaffy Logbook Loans and complete the terms and get a simple or easy loan against car. 
From your pet falling ill to your washing machine breaking down, we’ve taken a look at some potential emergencies that can leave you needing money urgently. In dealing with such emergencies, a Logbook Loan can help offer a quick and simple financial solution.

Problems in your property

Your home is likely to be your most treasured possession. When an issue occurs within your house it’s not only stressful and frustrating, it can also really affect your quality of life. A leaking pipe or structural damage, for instance, often needs to be immediately fixed to prevent a problem getting worse or becoming unsafe.
Shopping around to get the best quote from a tradesman to fix the problem can save you some money. But even then you could still need a quick cash boost to be able to afford the repairs.

Appliances breaking down

When an important household appliance, like the washing machine or toilet, breaks it can be very difficult to work around and will often need immediate attention. Replacing these appliances or paying for a professional to repair them can be expensive.
If you’ve been spending heavily on fixing or decorating your home, or you’re budgeting to save up for something special, like a family holiday, it can feel like the worst possible timing if an appliance suddenly needs fixing. Thankfully, there is a solution.

How a Logbook Loan can help

A Logbook Loan can be a great solution to fixing a sudden financial problem. If you need cash quickly to pay for an emergency like the ones we’ve mentioned, using your car as collateral to receive money could be the answer.
A loan of this kind is a simple way of using the value of your car to cover any sudden emergency bills, with the added bonus of being able to keep driving your vehicle in the interim.
Borrowing against the value of your car also means the loan is secured. As a result, a Logbook Loan has a lower level of interest than other financial solutions, like a Payday Loan, which means the subsequent repayments are often cheaper. At Eaffy Logbook Loans there are also no additional charges for repaying the loan faster than the agreed time, meaning, with careful budgeting, it is possible to pay it back sooner than you might think.

Wednesday 23 November 2016

Logbook Loans: What you need to know

Because of how easy and quick the loan process is, logbook loans have become an ideal solution for people with immediate financial needs in UK. But just like with any type of loans, there are risks involved. It is an excellent alternative if you need fast solution but at the same time, it makes sense to know more about logbook loans.
Before using your car to secure a logbook loan, here are some things you need to know:

Fast Cash and Loan Amount

When it comes to borrowing money, logbook loans are one of the fastest means to get cash. There are no credit checks involved hence same approval is usually the case. The borrower can borrow from £500 to as much as £50,000 depending on the value of your car. Normally, lenders can loan you up to 50% of your car's worth.


Applying for a Loan

To apply for a best and cheap logbook loan, all you need is your own vehicle to serve as collateral. The lender will keep the logbook or the vehicle's registration document. You may also need to sign a credit agreement, a "bill of sale" in particular, as part of the application process.

Getting the Loan

Upon approval of the loan, you can get it in the form of a check or quick cash service. Checks usually take days to clear hence majority of lenders offer quick cash services allowing you to get the money within 24 hours or less.

Choosing Repayment Terms

Depending on the amount and your preference, you can choose the most suitable repayment terms. In general, a logbook loan runs for 18 months and sometimes less if that's what you prefer. Many lenders also offer terms of 2 to 3 years to allow flexibility.

Paying the Loan

Payments are often made on a weekly or monthly basis. You can repay the interest charges until the last week or month of the term. The last month is when you are expected to pay the loaned amount. In case you want to pay off the loan earlier, you can do so to reduce interest rates. The key is to speak with your lender and make the necessary arrangements for repayments that you can afford.

Costs and APR

Lenders in UK generally offer logbook loans with about 400% or more APR. For instance, if you're borrowing £1000 for the duration of 18 months, your weekly payments will amount to £35.90. The amount is based on a fixed interest rate of 120% making the total amount payable to £2800. In total, the representative APR will be 442.66%.
To compare APRs among UK's top logbook lenders, you can visit this website here.

What happens if you can't pay back

In case you fail to make repayments of the loan, you have two options. You can make alternative arrangements with your lender or you risk your vehicle being sold. Lenders will not usually repossess your vehicle unless you've fallen behind for several months. Since they have the logbook or the V5 document, the lender has the right to sell your car without the need to bring it to court.

The Bottomline

A logbook loan is an ideal example of a quick fix solution to many of your financial problems. It is fast and easy to avail with the promise of giving you the cash within a day. All you need to do is use your car to secure the borrowed money. As a responsible borrower, however, you need to make sure that you can afford the repayment terms to avoid the risks of losing your car and high interest rates.

Tuesday 22 November 2016

How to Find the Best Logbook Loans Companies

If banks deny you a loan because of bad credit, one great option that will never fail is a logbook loan. The lenders give you an easy and reliable method of getting all the cash you want to address the issue at hand. However, the rising number of logbook lenders in the United Kingdom has made it an uphill task for borrowers because many operate with different rules and conditions. This post outlines four steps on how to identify a good logbook loans company.

Look for a legalized lender

The best logbook lender should be licensed as a broker under the UK Bill of Sale Act. By dealing with a legitimate company, you are sure that the standards and conditions of services will be of high quality. Have a look at the license of the lender either on the company’s website or by visiting their offices. You might also want to confirm with the licensing authority to establish whether the lender has received any complaints or negative feedback. If past users have had a lot of complaints, you might need to consider a different lender altogether.


Check the interest rates of the logbook loan

The best lender should have affordable interest rates. Though the interest is usually very high compared to what is offered by commercial banks, compare what different firms are charging. Because the standard term for logbook loans in the UK is 58 weeks, make sure to compare the annual percentage rate (APR) because it can be very high at times. The secret is ensuring that you repay the money as soon as possible. APR is calculated by a factor of interest, method of repayment, frequency, amount, and length of repayment. Make sure to pick the logbook loan firm with the lowest interest rates.

Ease of getting the loan

If you want urgent cash, the best lender should have easily accessible quotes and assess your car promptly to release funds. Today, there are lenders who can give you cash within 24 hours of application. However, you need to carefully review the terms and conditions of such lenders especially the interest rates and repayment conditions.

Review the experience of past clients

Good logbook loans provider in the UK are built on the platform of best practices. They go to great lengths in offering better services and driving customer satisfaction. However, you can only tell this by meeting past clients. Check different companies’ websites to meet with past clients and read through their reviews or testimonials. If the reports are negative and there are no signs of improvement, the chances are that you will also have a similar story. However, if past users give very positive feedback; do not hesitate to take a loan from such a lender.

Conclusion

Logbook loans provide a good option to people who cannot access conventional loans from banks. They are easy to get and do not have credit history checks like banks usually do. To get the best offer, it is prudent to find a lender using the outlined four main points. Besides, make sure to repay the loan back as soon as possible to avoid interest hikes that can harm your credit score even more.  For even more information about this loan product, visit Eaffy Logbook Loans.

Monday 21 November 2016

Differences Between Logbook Loans And Payday Loans

The downturn in the economy in the course of recent years and many bank's hesitance to loan to people has left many individuals not able to acquire from customary sources as fast and effectively as they used to. 
This has driven many individuals to look for option banks offering credit to individuals as transient advances. In the course of the most recent couple of years two of the most famous wellsprings of fleeting money have developed, logbook loans and payday loan.
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 Eaffy Logbook Loans 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 Eaffy 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 £250 – £50,000 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 Eaffy logbook loans and payday loans is the amount that you can borrow. Eaffy Logbook Loans 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 Eaffy logbook loans, except that as the loan is unsecured the whole loan process can be completed online. This is very useful and convenient.
Eaffy logbook loans 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 logbook 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 Eaffy logbook loans are secured on your vehicle we can charge you a lower monthly interest rate. If you borrowed £500 from Eaffy Logbook Loans 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 Eaffy logbook loans 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 Eaffy logbook loan which is 18 months long. In both cases you can settle your loan early and make large savings. With Eaffy Logbook Loans 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 0808 1635 342.

 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.
Eaffy Logbook Loans provides convenient same day logbook loans throughout UK. Use our logbook loan Quote for your free, no obligation, online logbook loan quote.

Saturday 19 November 2016

ENJOY LOW COST FINANCE FOR THE VEHICLE OWNERS

Since it can be very troublesome for many people to access the standard advances it is important to take a gander at the option choices that are currently accessible in the commercial center. On the off chance that you are in a place of attempting to recoup from past obligation issues and don't have the most noteworthy FICO score, you may well find that the log book credit can offer assistance.

Putting the car up for security

A reason that you can profit by the logbook loans with the poor record of loan repayment is that you are setting up your vehicle as insurance or security on the off chance that you begin to experience challenges later on. You can keep on using the auto for its typical everyday exercises, except it will be important to pass the logbook to the bank and that is held for the span of the credit term. Be that as it may, during the time spent passing the logbook to the moneylender you are basically giving them a chance to take responsibility for vehicle, and it is in this manner in their entitlement to repossess the vehicle at a later date on the off chance that it is regarded to be the main method for recouping the credit sum.

An extraordinary part of applying for these protected credits is that you're ready to keep running over a decent number of years, which may extend from three to five years or more, which ought to give more adaptability in the advance reimbursements. Additionally, the protected advances can draw in the more attractive financing costs so you don't should be concerned to the point that you should pay a high APR for the span of the credit term.

Large loan offers 

 With logbook loans, the loan amount are also larger beacause 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 aroun 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

 Understanding the loan amount

In the application procedure you are probably going to find that the aggregate money offered with this sort of credit is vigorously subject to the estimation of the vehicle utilized as security. A merchant can give a free valuation administration to verify that they are completely aware of the vehicle esteem and ready to give an advance that can identify with this. It is regularly observed that the advance sum is in the district of 50 to 90% of the vehicle esteem. Since this can shift essentially it will unquestionably profit to reach a few distinct organizations to guarantee that you can pull in the most alluring terms and conditions.

Preferably, you need to take a gander at reaching three or four unique banks to get a full energy about the accessible choices. When you get the different diverse quotes you can contrast them one next to the other with help with settling on the most great choices.