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If you have found yourself in a situation where you need cash fast and other options of securing a loan have been exhausted, then this Car Logbook Loan review offers a great opportunity. Other types of loans might have seemed attractive to you at first, maybe payday loans, for example. The thing is, normally most of them want to do a credit check on you. With this type of loan, there is no credit check.
This is perfect even for people with bad credit – your loan is secured against a vehicle, usually a car. It can be any kind of vehicle which has a log book, such as motorcycles. Another great advantage to this type of loan is that you can get a loan for any kind of purpose – the lender does not tell you what you should do with your money.
There is one good lender in the UK that we can note as being a reliable one and offering good conditions – and that is Logbook Loans. Usually log book lenders require you to have no payment left on the car – however, Logbook Loans is an exception on the market and does accept cars with up two 2 months of finance on it.
The requirement to legally own the car is standard across the industry, so Logbook Loans has this requirement as well. They do prefer cars which are up to eight years old. But even this is flexible – if your car is valuable, they will accept it if it’s not older than ten years – that’s if the car is valued at £1200 or more.
This loan is easy to get and fast to arrive. Once your vehicle has gone through the valuation, then you could be holding the cash after only 15 minutes. And you get to keep your car as well – the lender only takes your logbook until you’ve repaid the loan.
Normal terms apply here – you need to be a legal adult – at least 18 years old, and you must be a resident of the UK. To read in detail about this lender, go here: Log Book Loan reviews.