If you came here in dire need of money but bad credit prevents you from securing a loan everywhere else, you have come to the right place! With a logbook loan, you can be saved from immediate financial danger, even when no one else would approve you for credit. To start, simply provide your contact details on our online form and we will call you back with a FREE quote!
Logbook Loan Defined
Logbook loan is a famous type of short-term loan in the UK intended for borrowers with bad credit. Also referred to as the “V5 loan”, this type of loan is secured against your vehicle, whereby the borrower surrenders the “logbook” or V5 document to the logbook lender, in order to transfer the ownership temporarily. The lender will then have the authority to repossess your car if you don’t meet the repayment terms. When the loan amount as well as the interests is paid off in full, the borrower can get the logbook back.
With a logbook loan, you can borrow between £500 and £50,000 or up to 50% of the vehicle’s value, and this money is available immediately. Unlike standard loans, logbook loans don’t require credit checks, and so is the perfect option for people with poor or no credit. Even with records such as charge-offs, debt collections, foreclosures, and bankruptcy, you can secure a logbook loan successfully and quickly.
Who is it for?
The main beneficiaries of a logbook loan are those borrowers with little or poor credit history. Being self-employed, having CCJs, arrears, or even bankruptcies in the past makes someone a bad credit borrower. Traditional lending institutions tend to refuse the loan application because of the high risk associated. Logbook loans, on the other hand, do not require credit checks so anyone from all sorts of credit can apply successfully.
Logbook loan is also the best solution for people who are in need of urgent cash, such as those caught in an accident or those who have fallen ill and have medical expenses to shoulder. Whether you don’t have the luxury of time or you simply don’t want to wait for a lengthy process with no assurance of approval, V5 loan is for you. The maximum time you’ll have to wait is 24 hours and you can start paying off those emergency expenses.
What are the Benefits of a Logbook Loan?
Obviously, the main benefit with a logbook loan is its availability to people with poor credit ratings. As a no credit check loan, it lets anyone, no matter how damaged the credit may seem, borrow money without any hassle. All you need is your proof of identity, proof of income, permanent residence, and a working vehicle outside of financing and you’re good to go!
The easy access to logbook loans also makes it a very sound option for people who need fast cash. If you need the money urgently, it only takes less than 24 hours to withdraw your cash, sometimes in as little as an hour! Because application is done online, you don’t even have to lift a finger. Just fill in our form, and all you have to do is sit back until a logbook loan expert calls you back for FREE quote and advice.
Best of all, a V5 loan lets you keep your car even while the loan is in force. Although the lender keeps the logbook, you can continue driving it so long as you meet the repayments.
What We Do?
Here at LogbookLoanQuick, we compare deals across the top logbook loan companies in the UK and bring you in touch with them. Because we assess individual needs carefully, we are able to find anyone the perfect deal based on one’s unique needs and situation. We have been in the business for years and employ only the most competent staff who knows exactly what you are looking for.
We are well aware of how bad credit can ruin anyone’s chance of borrowing money, and understand that in most cases it is not entirely the person’s fault. Our mission is not to let it hinder anyone’s ability to borrow and make sure that your financial needs will be well taken care of. Because we are created with customer satisfaction in mind, we shoulder all the stressful task of finding the right lender so that you won’t have to do it by yourself. It only takes around 30 seconds to fill in our form and we can scour through the best logbook loan deals in the market within minutes!
How Logbook Loan Works?
It’s very simple to secure a logbook loan:
Step 1: Complete our FREE online form
In order to match you with the best logbook lender for your particular needs, we request for you to fill in our online form so that we can have your vehicle and contact details. We will have to review this information you provide and one of our advisers will get in touch with you with a FREE quote instantly!
Step 2: Meet with the lender
As soon as you’re ready, we can arrange a meeting for you and the lender’s representative so you can submit your requirements, show your car, and get your money. If you live far away, don’t worry, because we can schedule an appointment at a time and place of your convenience.
Step 3: Finalize the terms
Depending on your vehicle’s worth, you can borrow between £500 and £50,000. You can choose to pay weekly or monthly, whichever is more convenient for you. You can also choose how long to pay off the loan, depending on your affordability. If you’re having trouble with this, don’t worry, because one of our experts can help you calculate how much you can afford in repayments.
Step 4: Drive your money and your car home!
If you like the arrangement, then all you have to do is to finalize the contract. After you seal the deal, you can drive home with your car and your cash!
Withdraw Your Cash Today!
Turning your car into cash has never been this easy! Simply fill in our 30-second form or call us TOLL FREE for instant, expert advice!