Log Book Loans

Log Book Loans

Logbook Loans is the United Kingdom’s original logbook loans company and gives you the chance to borrow from £500 to £50,000 using your car as collateral.

What Are Logbook Loans?

You have probably heard of unsecured and secured loans, well logbook loans are a form of secured loan where the guarantee used is on the vehicle that you own. You essentially secure the loan against the logbook of your vehicle rather than your house which is ideal for those that don’t own their own homes or those that want to avoid putting down their homes as a form of collateral. On most Log Book Loans there is also a chance that you can settle the loan early without taking on early settlement fees or penalties.

Can I Apply With Bad Credit?

You certainly can, at logbook loans they take on people with bad credit, CCJ’s, arrears and those with no credit history. As you are using your car as a form of security log book loans don’t need any form of credit checking and as long as you are the legal owner of the car and the car is clear or nearly clear of finance you can apply for a logbook loan today.

When Do I Get The Money?

With Logbook Loans there is a 4 step procedure from applying online and receiving a telephone call from Logbook Loans if you meet all the criteria, to having the cash in your bank account. All in all the money could be with you within 24 hours regardless of whether you have bad credit or not. The loans can be for any purpose so if you are in need of a holiday, some household repairs, a conservatory or cash-flow for your business, then Logbook Loans is an ideal way of getting that cash without tying down your home.