Who are Logbook Loans For?
Logbook loans are becoming increasingly popular not just because it's readily available online but also because it is suitable for practically everyone who owns a car. As long as you meet the basic requirements which include being of legal age, a resident of UK and owner of a car free of any financing, getting a logbook loan should be a breeze. In fact, all you'll need is one day or even less to cover the application process, approval response and getting the money.
Logbook loans are also ideal for people with bad credit or poor credit rating. While banks may turn you down, lenders who offer loans secured against your car are more than happy to help you with your financial situation. When evaluating your application, there is no credit checks involved hence greater guarantee that you'll get the loan, specifically the exact amount you need for your purposes.
In addition to catering to those with bad credit, logbook loans are also available for people who have arrears or ccjs in their record. Again, all you’ll need is to own a vehicle that will pass all of your lender’s specific requirements.
Logbook loans, therefore, is your opportunity to get funding without hassles. Securing the loan against your car is the most convenient and one of the fastest ways to raise money without worrying about being refused or turned down.