Logbook Loans – Independent Help and Information

Loans from £250+

If you have had serious credit problems in the past it may prove impossible to gain a credit card or loan, even from experienced bad credit loan providers. Even these specialist lenders will often decline those customers who have outstanding county court judgments (ccj’s) and arrears.

However, you may still be able to take advantage of logbook loans to gain the finance you require. Logbook loans are simply a cash loan that is secured against the value of your car and so are not subject to the normal credit checking process. To qualify you must be the registered car owner with the Driver & Licensing Agency (DVLA) and own the car outright with no outstanding finance arrangements. Most reputable companies will also ask for proof of regular income and that the car is taxed and insured.

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Company	Description	Apply Now
Logbook Loans	Fast loans with 100% no Credit Checks

Getting logbook loans...

To start with the company will access the value of your car based on its current market value considering its age, condition and mileage. Be aware that second hand car prices have dropped considerably in 2008 sue to the economic downturn and so you need to be realistic about your cars actual value. Independent valuations can be obtained from websites such as the Parkers Guide . Based on the valuation figure you will be able to borrow a percentage of its value and repay over a period that meets your needs. To complete the process a representative will visit you at a convenient time and location to value your car and complete the required paperwork. From experience we have found that the majority of companies are able to visit very quickly and the loan can sometime be made available the very same day. To protect themselves against non payment of the loan the company representative will always take you cars log book (v5) document issued by the DVLA and hold until the loan has been repaid in full.

Due to the very high interest rate for many this type of bad credit loan is very much the last option for many customers who require cash urgently. You will greatly reduce the interest you pay by minimising the repayment time of the loan e.g. you pay back the loan in a 20 week period rather than 30 weeks. All logbook loans providers represented on our site have been trading for over 3 and are specialist in helping real people like you.

To find out more and apply on line complete our search form opposite today.

Did you know there are Credit Card that will consider people with Bad Credit?