Fast Lending - Bad Credit OK - Better than a Payday
Among all the types of that people opt for in the UK, logbook loans happen to be the simplest and most opted for. Logbooks are offered by several financial institutions and private organizations where you simply use your vehicle as a guarantor, collateral or a trust fund.
There are several advantages for the borrower. Applicants do not need to give up the possession of the car or any type of vehicle being used as the guarantor and the loan approval process is not subjected to any credit check. Borrowing is hard when credit scores do not meet the requisite criteria and this is one of the most significant reasons why borrowing can get very difficult. With a log book, you can use your motorcycle, car or any registered vehicle that you own and get the money you need without any influence of your credit history.
They are easy to apply for and they are disbursed off very conveniently and quickly. In most scenarios, where all the requisite documents are furnished, logbook loans can be approved and the cash can be disbursed in as less as 24 hours.
Applying online does not require extensive paperwork or a lengthy waiting period. A proof of income is all that is of importance and the accurate registration details of the vehicle. One of the core advantages is that you can apply for as little as five hundred pounds or as much as fifty thousand pounds. You do not have to be subject to any compulsion of paying the installments through the set term. Should you so desire, you can easily make a payment when you wish to and there are no early settlement penalties.
If you have a vehicle and you are in need of some urgent cash for any possible reason, logbook loans are a top choice.
The bad economy of the past few years has left most people without emergency savings and any cash to spare on unexpected expenses. As a result, there are only a few options available when someone needs money quickly, and most of them are reserved to individuals with good credit histories.
We are one of the few websites that do bad credit lending in the United Kingdom regardless of who you are and what your current situation is. Their service can be lifesaving for someone stuck in a tough situation until their next paycheck, and the only thing that they ask is return is that you set up your vehicle as a trust fund.
How Does it Work?
In order to successfully apply, you need to provide your bank account number, some personal information and details about your car, motorcycle or any other vehicle registered in the UK. Once you’re done. the approval process is fast and you can get the money in your bank account in less than 24 hours.
Even though this is considered a form of payday, the term for repaying the money can be set to 18 months or more. This can be very useful, considering that you can borrow up to £50,000.
You might be wondering about whether or not you will be able to borrow from us if you’ve had trouble with repaying your debt on time in the past. If that’s the case, you’ll be happy to learn that our website does not attempt to access that kind of information through credit checks.
We will only require some proof of income to make sure that the money will be repaid. In the end, it protects both you and the rest of our clients against unreasonable risk and allows us to continue to offer great rates.
Why Would Anyone Apply?
The easiest answer to this question is because log book loans are easier, faster and more accessible. It might not persuade someone who’s making a huge purchases, but for an individual or family just looking to get something very important from the store before their next paycheck, it’s a chance to get what they need.
The problems most commonly encountered by our clients include emergency medical expenses, repair costs for your house or car and purchases that may affect your job. That’s what you should be considering when you’re about to apply on our website.
Reasons to Choose Logbookloanstrust
Logbookloanstrust is a responsible lender for responsible borrowers. We abide by the CCTA voluntary code of practice, and encourage everyone who visits the website not to take any loan that they can’t repay. As long as you are confident in your ability to cover the entire lending amount, this can be a great experience that will help you deal with your short-term financial issues.
Should I Apply?
If you fall into any of these categories or have another pressing matter that needs to be dealt with immediately, you can count on an approval response within 24 hours, with money to be used freely in your UK bank account. If your next paycheck is just around the corner, feel free submit the application or contact us with questions.
The reasons not to apply for a log book loan at the moment include a very shaky financial situation, so that it doesn’t happen that you dig yourself even deeper into it. That being said, we offer our borrowers to start over fresh with plenty of money in their UK bank account.
More Information About the Application Process
Like most things nowadays, the application for credit offered by on our website is available online, from start to finish.. Unless you are specifically instructed to do so, there is no need to submit any written paperwork or extra documents to us before applying.
Our company is one of the most successful financial providers in the country, and we can afford to provide our service with a level of care matched by very few other organizations. Our friendly customer representatives will answer your most burning questions and carefully guide you through the application process, so that you can order as soon as today.
Advantages of our Website’s Services
Unlike other providers in the country, we do not require all of the borrower’s possessions as proof of their ability to pay off. Except for your vehicle, you won’t need to register anything else in your online application. It can be your car, motorcycle or even a working boat, whichever option you feel most comfortable with.
The fact that your credit history doesn’t influence the outcome of the application is not such a common practice for most providers, but our website is determined on only delivering the best service on consumer-friendly terms.
The repayment process is just as easy and fast, because you can do it the moment you have the necessary funds without any early settlement penalties. This means that you can do it much sooner than outlined in the contract, but you can just as well do it on the dates that we previously agreed upon. As long as all payments are made according to the schedule, you will have absolutely no problems.
If you are looking to borrow money fast, this is possible online, you don’t need to look any further than our website and waste time with failed applications. We do not check your credit scores, so we will give out a loan 99% of the time.
Feel free to contact us with any questions that you might have about the process!
By Nicholas Dorion