What We Do?
If you’re looking to borrow money, but got rejected by every other lender because of bad credit, then you’ve finally come to the right place. ExpressLogbookLoan can help you withdraw the cash from your vehicle and get your money fast and easy with a logbook loan.
We understand the struggle every borrower with bad credit is facing every day. Our FREE service will give you access to all the reputable logbook loan companies in the UK in order to help you save time and find the cheapest deal as well. By simply filling in our contact form, we can match you with the right lender for your needs and give you instant results.
Best of all, this matching service of ours is of no obligation to you. Our friendly logbook loan experts are more than happy to answer all of your queries 24/7. If you are unsure where to begin, just provide us with your contact details and vehicle information through our online form and ExpressLogbookLoan will give you expert advice for FREE.
What is a Logbook Loan?
Also commonly referred to as the V5 loan, a logbook loan is a type of loan which lets you borrow cash against your vehicle. The money is secured against your vehicle’s “logbook” or V5 document, which the logbook loan lender will temporarily keep until the debt is paid back in full.
The popularity of logbook loans stems from the fact that it doesn’t involve credit checks, unlike regular loans. This makes it a very sound option for people with bad credit. From foreclosures, repossessions, bankruptcies, and court judgments, no matter how blemished one’s credit report is, getting a logbook loan is still possible. The person only needs to prove ability to repay the money he intends to borrow.
No matter what you need the cash for, whether you need it to pay for something urgent, just want to buy something, or use it for your desired vacation, a logbook loan can help you obtain this money. With logbook loans, you can borrow between £500 and £50000, depending on your vehicle’s value, make, and model. Usually, you can borrow up to 50% maximum of your vehicle’s value, which can be a considerable sum depending on its type.
Who is it Aimed for?
Basically, a logbook loan will most benefit those who have been rejected a loan everywhere else because of bad credit. Unlike traditional lenders, logbook loan lenders will not perform any credit check, so you will most definitely get approved for the loan you want no matter what financial situation you may be in.
If you are self-employed, borrowing is easier with a logbook loan compared to other lenders who check on your employment status. Even if you don’t have pay stubs or employment background to show, you can still borrow money by simply providing your bank statements.
Logbook loan is also perfect for those who need fast cash. Because there are no credit checks, application is quick and simple. If you need to raise urgent cash to pay for emergency expenses and you can’t afford to wait, then logbook loan is definitely for you.
What are the Benefits of a Logbook Loan?
Obviously, the major benefit with a logbook loan is that there are no credit checks involved. So no matter how bad your current financial situation is, you’re most likely to get approved for a loan. As long as you have a vehicle free of finance, is fully insured, and is under your legal ownership, it’s easy to qualify for a logbook loan.
Logbook loans can also offer you the flexibility to choose your repayment options – although this is not always possible. You may be able to choose to pay weekly or monthly, shorten or prolong your payment duration based on your affordability. This gives you more control on how you should pay back the borrowed money.
With logbook loan, approval is almost instant, as well as receiving your cash. As soon as you qualify and brought all the necessary requirements, you can receive your money within 24 hours or less.
Lastly, logbook loan is a safer alternative compared to borrowing against your home equity. Although you’re putting your vehicle up as collateral, you can still keep it as long as you make your payments on time.
How it Works?
Step 1: Fill in our online form.
To help you get started, we recommend you provide us with your contact information and your vehicle’s details. Filling in our form only takes about 60 seconds of your time. You can rest assured that your information will be kept confidential and will only be used so that we can contact you and give you a FREE quote.
Step 2: Process your application.
If you compare with us and decide to use our form, you will be matched with a certain logbook loan lender that is best suited for your unique situation. Right there and then you will be given a FREE quote and you can then proceed with the next step of the application. You will also be advised by a representative regarding the requirements to bring, should you decide to pursue with the application.
Step 3: Choose your meet up location.
If you like the terms and how everything works out during your online/telephone application, you can finally meet with a logbook loan provider’s representative. This is to finalize the agreement, bring your requirements, and for them to check your vehicle. If you’re too busy or live far away, don’t worry, because you can set up a meeting place and time at your own convenience.
Step 4: Seal the Deal!
If all your requirements are complete and you’ve finally agreed to a certain repayment plan, then all is well! All you have to do now is to sign the contract and then drive away with your cash, or have it deposited to your bank account if you prefer!
Compare With Us Today!
What are you waiting for? Finding the right logbook loan lender is fast, easy, free, and certainly of no obligation to you. Simply fill in our contact form or call us TOLL FREE and one of our logbook loan experts will get back to you within a few minutes!