Showing posts with label v5 loans. Show all posts
Showing posts with label v5 loans. 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 29 November 2016

9 Things You Might Not Know About Logbook Loans

Logbook loans are very common at the moment, they enable the value of a car to be released without actually selling the vehicle on. Instead, you repay the loan in installments.
1. Approval for a Logbook Loan is quick; we can approve your loan in as fast as one hour once we have your application and documentation.
2. You can borrow amounts between £250 and £50,000 depending on your financial circumstances and the value of your car.
3. The money from the loan can be used for anything, like dealing with a short-term cash flow problem, dealing with an emergency, or investing in the growth of your business for example.
4. If you’re self-employed you can still apply, and be accepted for, a Logbook loan. You just need to be able to demonstrate a steady income able to maintain repayments via your bank statements.
5. At Eaffy Logbook Loans we don’t charge you for early repayment. Even better, you can pay your loan off early, which saves money and earns you a rebate on your interest.
6. The usual length of term for repayment is between 6 months and 3 years, though you can pay off your Logbook Loans in a month if you want to.
7. Handing over spare keys for your vehicle is extra loan security, and could get you additional favourable terms on your agreement.
8. Your vehicle doesn’t have to be a certain make, model or age: as long as it’s road worthy, we’ll always consider every vehicle enquiry we receive.
9. Your loan doesn’t necessarily need to be on a car; vans and small commercial vehicles can also be considered.
Logbook Loans allow you to use your vehicle as security when you want to take a loan. This means you are temporarily transferring ownership of the vehicle to the lender, while still retaining its use. They are a smart way to use the value of your car to get a short-term loan.
If you are looking for log book loan, Log Book Loan Trust, a lending company that has friendly service and terms is there for your assistance. No matter what your credit past is, you have all the chances of getting the loan without dragging you deeper into the financial black hole. 

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.

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.

Thursday 10 November 2016

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!

Saturday 29 October 2016

UK Car Logbook Loans

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

Need of Car Logbook Loans
Car Logbook loans in UK are quite common as one can look for different loan companies who are ready to lend you a certain amount of money in lieu of your car logbook document even if you have bad credit. For citizens living in UK no credit check loan is not hard to find. Your credit check won’t create problems for you when you are looking for loan in lieu of car documents. Though, one can find many bad credit loan options but it’s always secure to select a car logbook loan instead of unsecured loans for bad credit. Secured loans against car logbook loan is one of the benefits which you would get in UK log book loan.
Eligibility for applying Logbook Loans
Process and formalities don’t take much time when you consider logbook loans online. Though, people looking for an easy logbook loans in UK are only allowed to submit logbook documents where it is specified that they are the car owner. On top of that, it becomes easy to find bad credit logbook loans in UK as long you do have a steady income source and you are recognized as a UK citizen. Do keep in mind that the time when you purchased the car should not extend to more than 8 years on the date when you apply for log book loans in UK for bad credit. People who don’t have any kind of financial claims, insurance and taxes dues can apply for a loan secured on car logbook.
Make an internet search online and you’d find an endless list of loan companies who know how to leave you with fast logbook loans in UK and are ready to offer you lowest rate log book loans. If you are currently living in Stockport logbook loans would seem the perfect as it´s recommended as UK secured loans against logbook and you can get fast cash loans with logbook credit from mobile money branches anytime in any financial condition.

Tuesday 25 October 2016

What is a Logbook Loan?

Your logbook or V5 is the document which confirms that you are the registered keeper of the vehicle. With a logbook loan, you can borrow cash based on the value of your vehicle and the logbook lender retains the logbook whilst you pay the loan back. The loan is secured against your vehicle, and as soon as it is settled by you, the logbook lender will send you back the logbook. For the duration of your repayment period, the logbook lender is the owner of the vehicle, but you will still be able to keep driving it as normal.
The loan is secured using a Bill of Sale in England and Wales, and this is the document which transfers legal ownership of the vehicle to the lender until the loan is repaid in full. In Scotland, whilst the principle is the same, the paperwork is slightly different in that rather than a Bill of Sale being used, you sign a sale agreement transferring ownership to the logbook lender, and they then hire the vehicle back to you under a hire purchase agreement. Again, you still continue to drive the vehicle for as long as you are making repayments towards the loan.
Either way, even if you’ve been refused credit before, or you’re just looking for a fast decision on a loan, a log-book-loan could be the simple solution.

How It Works?

You could borrow between £250-£50,000. Our service is at no cost to you, and there is no obligation to accept the quote you receive.

·         No obligation FREE quote
·         Same day approval
·         Get your money sameday
·         You continue to use your vehicle
·         No early settlement fees
·         No hidden charges

Requirements

It's simple, here's a breakdown of what you will require if you get a free quote with us and decide to pursue a logbook loan:

·         The vehicle's V5 document (logbook)
·         MOT certificate
·         Vehicle insurance details
·         Proof of income (pay slips or bank statements)
·         Proof of identification with current photo (passport, government issued ID)
·         Recent bills containing your permanent address

Refused A Loan?

We will consider applicants with poor credit as long as they can afford the repayments.

·         Refused a loan elsewhere? We could help you
·         Bad credit rating?
·         CCJs considered
·         Self-employed considered


Monday 24 October 2016

Get a V5 logbook quote to compare our rates to Convert Cash or PayDay alternatives. Apply Online NOW– Use our online form for a no obligation quote.

We offer Logbook Loans on Cars, Vans and Motorbikes. Contact us now for a quote, it only take a few minutes. We accept applications from the whole of the UK, that means your local area is covered. We guarantee acceptance if the criteria is met, and our aim is to offer a loan to 100% of applicants.


What is a V5 logbook loan?

Just like a high street money shop lends you cash based on the value of your goods you can get a loan against the value of your car. The best part is that you keep your car, no trade-ins! Logbook loans are a simple, stress-free way to get money from your car. 

The fact is this type of logbook loan can have lower APRs and therefore cheaper than some other last minute loan and payday options.

Reasons for getting a V5 logbook loan?
A logbook loan fits in because it is designed for people who have trouble getting a loan due to a bad credit rating but have a vehicle that they can use as collateral. Many people assume that they would be very expensive, but because you have something to put down as collateral, then it substantially lowers the risk associated with the V5 loans and means that the lender will be prepared to charge less for it.
You can spend your logbook loan money on whatever you like. Pay the bills, have a holiday or buy some presents… you can decide whatever you want.

CONVERT CASH V5 LOGBOOK LOANS PROVIDE FREE LOAN QUOTATIONS THROUGHOUT THE UK

If you’re looking for a loan that’s instant to apply for, convenient and stress-free then a logbook loan is the ideal type of loan for you. With more favourable interest rates than most other payday loan providers and money delivered direct, a logbook loan is an alternative way to get money from the value of your vehicle.

Simply complete our online application form above to see how much you could borrow against your car.

IT DOESN’T MATTER IF YOU HAVE A BAD CREDIT RATING WITH A V5 LOGBOOK LOAN

If you’ve got a poor credit score, a CCJ or are even in arrears it doesn’t matter. We don’t ask for these embarrassing background credit details when you are applying for your logbook loan.

Saturday 15 October 2016

DISCOVER WHY LOGBOOK LOANS ARE SUCH A POPULAR WAY TO GET A V5 CASH LOAN

Get A Free Quote at http://www.eaffylogbookloans.uk/                      Call us: 08081 635 342


Eaffy Logbook Loans has been designed to put you in touch with the most reputable UK logbook loan lenders. Our free service is the most convenient way to see how much you can borrow against the value of your car.
You can find out on this site just why logbook loans are such a popular way to get a stress-free loan, and why here at Eaffy Logbook-Loans we have the perfect site to apply for a free loan quote, just complete our form or call the Free phone number above.
 WANT TO KNOW MORE ABOUT LOGBOOK V5 LOANS?
If you can’t find the answers to your questions on this page or on our other information pages then please give one of the professionals a call. They will be able to advise about your individual loan requirements. Or if you are in a hurry why not get in touch with a reputable logbook loan provider direct by simply completing our online application form?
Logbook loans are used for people that have bad credit that need money quickly. Logbook loans can be completed on the same day. The applicant must have proof of a steady source of income to be approved for a logbook or V5 loan.
Are you looking for a Logbook Loans in your local area? Our brokers/lenders have great rates available so use our quote form now to see if they can offer you a great logbook loan. Remember you can secure your loan against the value of your car, but you can keep driving it! If you’re looking for a convenient and stress-free then a logbook loan is the ideal type of loan for you. With more favourable interest rates than most other payday loan providers and money delivered direct, a logbook loan is an alternative way to get money from the value of your vehicle.

Friday 14 October 2016

Get a V5 logbook quote to compare our rates to Convert Cash or PayDay alternatives. Apply Online NOW– Use our online form for a no obligation quote.

We offer Logbook Loans on Cars, Vans and Motorbikes. Contact us now for a quote, it only take a few minutes. We accept applications from the whole of the UK, that means your local area is covered. We guarantee acceptance if the criteria is met, and our aim is to offer a loan to 100% of applicants.

What is a V5 logbook loan?


Just like a high street money shop lends you cash based on the value of your goods you can get a loan against the value of your car. The best part is that you keep your car, no trade-ins! Logbook loans are a simple, stress-free way to get money from your car. Click Quick Quote to compare our rates now. 

click here for free Quote http://www.eaffylogbookloans.uk/

The fact is this type of logbook loan can have lower APRs and therefore cheaper than some other last minute loan and payday options.

Reasons for getting a V5 logbook loan?

A logbook loan fits in because it is designed for people who have trouble getting a loan due to a bad credit rating but have a vehicle that they can use as collateral. Many people assume that they would be very expensive, but because you have something to put down as collateral, then it substantially lowers the risk associated with the V5 loans and means that the lender will be prepared to charge less for it.You can spend your logbook loan money on whatever you like. Pay the bills, have a holiday or buy some presents… you can decide whatever you want.

CONVERT CASH V5 LOGBOOK LOANS PROVIDE FREE LOAN QUOTATIONS THROUGHOUT THE UK

If you’re looking for a loan that’s instant to apply for, convenient and stress-free then a logbook loan is the ideal type of loan for you. With more favourable interest rates than most other payday loan providers and money delivered direct, a logbook loan is an alternative way to get money from the value of your vehicle.

Simply complete our online application form above to see how much you could borrow against your car.

IT DOESN’T MATTER IF YOU HAVE A BAD CREDIT RATING WITH A V5 LOGBOOK LOAN

If you’ve got a poor credit score, a CCJ or are even in arrears it doesn’t matter. We don’t ask for these embarrassing background credit details when you are applying for your logbook loan.