Showing posts with label logbook loans uk. Show all posts
Showing posts with label logbook loans uk. Show all posts

Monday 14 November 2016

Logbook loans: Enjoy Safe Money Based On your Car

The last time I checked, applying and getting approved for a loan was pretty much an involving task. It was, in retrospect, a strenuous process that involved too much paper work and dragged on end. In fact, the experience was not pretty for UK individuals with a poor credit rating. A person had to make applications with various lenders with the hope that one would be lenient on their credit status and approve their application. As if that was not hellish or frustrating enough, getting an emergency loan was an impossibility. It was simply impossible to get approved for a loan within 24 hours especially if you had a poor credit rating.
For long, this was the accepted phenomenon until logbook loans became a reality. Using ones car as security, logbook loans have indeed become popular among UK individuals with a poor credit rating. To qualify for a logbook loans UK, a person needs to have a car registered in their own name, to be a citizen of the UK, to be a person of sound mind, to be in employment and to be a person of 18 years and above. If you meet the basic requirements aforementioned, getting a logbook loan within 24 hours should be a walk in the park if you approach the right lender.

Applying for a logbook loan is not a difficult thing these days. People have to do very easy task to obtain money and then, they get it with ease. If a person is having his own car that is not too older, the finance would be given to them on behalf of their cars. In fact, your car is not kept as collateral and a person can use it freely for any necessity and it is never a tiresome job at all. You should not be puzzled for cash support when you are longing for instant money for urgency as these loans would fulfil your wishes easily.

Logbook loans are the good to repay. They come for some month’s duration and people can return the loan debt through instalment process where they feel no tension. They are not asked to pay back the loan debt at once and it saves all from crises and they also handle it within their budgets. These loans come with some simple conditions that you follow in some minutes and then, all problems will leave you.

The most important concern is to apply the form via online form and it would be easy deed to do. Once the form gets filled out and it is verified, the person qualifies for the loan debt and he earns money in next few hours. Financial companies offer several awesome features for you to obtain money and they bring comfort in your life. Some conditions are to be followed and they are:

Person must be UK inhabitant
Person must be 18 years old
Person must run valid bank statement etc.



Once these conditions match the criteria, a person is approved. As a result, you have power to tackle with all necessities in a convenient manner. Though availing loans finance is not expensive these days, however the lender can help you borrow money at affordable interest rate along with convenient terms and conditions. So, once you start dealing with them, you can discuss all affairs about logbook loans and you have funds to use it for any purpose. Therefore, it can make you feeling stronger to cope with any uncertainty which occurs in your life. Every problem has an ending point and you can catch it with your wisdom and good efforts. Don’t be tensed and it willlet you make better decision in any urgency.

Saturday 12 November 2016

Benefits of Using Logbook Loans

    

When you are denied an loan for improvement, business, or individual utilize as a result of awful FICO assessment, the effect can have expansive impacts. It may be hard to finance a delicate you have quite recently won or exploit another speculation opportunity. Be that as it may, it is not an ideal opportunity to surrender, particularly on the off chance that you possess a vehicle as this gives you access to logbook advances. The accompanying are best advantages of utilizing logbook loans.

No credit checks

The best hindrance that makes it troublesome for some individuals to get to credit is poor FICO assessment. Banks, money related foundations, and even telephone organizations convey intensive keeps an eye on their customers to comprehend their record as a consumer. On the off chance that you have defaulted paying advances including overdrafts, Visa advances, and even home loan, the data is utilized to ascertain your score. Nonetheless, logbook loan specialists don't check your FICO rating when offering credit. The auto serves as a type of guarantee that keeps the hazard taken by the loan specialist low. Keep in mind to focus on reimbursing the advance on the grounds that the vehicle can be taken away and even sold to clear the advance on the off chance that you default.

Easy to access within a few days

While regular bank advances take a considerable measure of time from application to repayment in the event that one qualifies, choices, for example, logbook credits are simple. In the wake of recognizing the logbook loan organization of decision, it will just take several days to get the cash in your record. To rush the procedure, it is fitting to convey all the required vehicle documentation, for example, V5C, protection archives, most recent assessment reports, and valuation evaluations to help the loan specialist get the right esteem.


There are no restrictions on what to do with the money

At the point when business banks give an advance to candidates, they take after nearly to guarantee the cash goes to particular territories of premium. For instance, cash acquired for a home loan is paid to the house dealer as it were. In spite of the fact that this impediment has its points of interest, for example, avoiding abuse, it denies the proprietor adaptability. Nonetheless, logbook loans don't have any restrictions on what you can do with the money. Regardless of the possibility that you had a business opportunity and afterward choose to accomplish something other than what's expected, you have all the flexibility.


You get cash depending on the value of the car

The constraint of advances you can get against a vehicle is subject to its esteem and condition. In the event that you have a decent auto in top condition, numerous moneylenders will be prepared to surrender you to half of the present esteem. In spite of the fact that this can restrict particularly on the off chance that you needed a considerable measure of cash, there is an awesome feeling of fulfillment since it is an individual property.


There is room for negotiation

At the point when numerous money related establishments offer advances, the loan costs are altered and don't have space for arrangements. Nonetheless, logbook loan organizations are generally adaptable and can change the APR (yearly rate) to fit the need of individual customers. Be that as it may, the cost of logbook advances is normally higher contrasted with regular bank advances. To keep the enthusiasm as low as could be expected under the circumstances, it is fitting to guarantee you reimburse the credit inside the most limited time conceivable.

So, whatever the reason, whether you crave a holiday or need help paying off a previous debt, a logbook loan UK is a straightforward and quick to access secured loan suitable to anyone with a bad credit rating or no credit history at all.

Monday 24 October 2016

Get a V5 logbook quote to compare our rates to Convert Cash or PayDay alternatives. Apply Online NOW– Use our online form for a no obligation quote.

We offer Logbook Loans on Cars, Vans and Motorbikes. Contact us now for a quote, it only take a few minutes. We accept applications from the whole of the UK, that means your local area is covered. We guarantee acceptance if the criteria is met, and our aim is to offer a loan to 100% of applicants.


What is a V5 logbook loan?

Just like a high street money shop lends you cash based on the value of your goods you can get a loan against the value of your car. The best part is that you keep your car, no trade-ins! Logbook loans are a simple, stress-free way to get money from your car. 

The fact is this type of logbook loan can have lower APRs and therefore cheaper than some other last minute loan and payday options.

Reasons for getting a V5 logbook loan?
A logbook loan fits in because it is designed for people who have trouble getting a loan due to a bad credit rating but have a vehicle that they can use as collateral. Many people assume that they would be very expensive, but because you have something to put down as collateral, then it substantially lowers the risk associated with the V5 loans and means that the lender will be prepared to charge less for it.
You can spend your logbook loan money on whatever you like. Pay the bills, have a holiday or buy some presents… you can decide whatever you want.

CONVERT CASH V5 LOGBOOK LOANS PROVIDE FREE LOAN QUOTATIONS THROUGHOUT THE UK

If you’re looking for a loan that’s instant to apply for, convenient and stress-free then a logbook loan is the ideal type of loan for you. With more favourable interest rates than most other payday loan providers and money delivered direct, a logbook loan is an alternative way to get money from the value of your vehicle.

Simply complete our online application form above to see how much you could borrow against your car.

IT DOESN’T MATTER IF YOU HAVE A BAD CREDIT RATING WITH A V5 LOGBOOK LOAN

If you’ve got a poor credit score, a CCJ or are even in arrears it doesn’t matter. We don’t ask for these embarrassing background credit details when you are applying for your logbook loan.

Saturday 22 October 2016

Why are logbook loans very popular?


On the off chance that you are a millennial, you won't not have the capacity to completely understand why logbook loans are exceptionally prominent or why a decent number of UK natives hold it in high regard. Previously, before logbook loan got to be standard, applying and getting affirmed for a logbook loan was likened to attempting to fell a tree with a disposable cutter. Individuals were required to have a decent FICO assessment before they could be endorsed for a credit. Those with a poor FICO assessment had no real option except to kick back and look as those with a decent record of loan repayment got endorsed and delighted in credit offices.

Quick forward to today and the landscape has hugely changed. The revealing of logbook loans that don't harp on a man's FICO assessment have to be sure put individuals on equivalent platform. People no longer need to stress over credit checks at whatever point they are applying for logbook loans. Truth be told, one of the numerous reasons why logbook loans are prevalent is on the grounds that a man's record as a consumer is not mulled over before being affirmed. Whether you have a past filled with CCJ or defaults, you can apply and get affirmed inside no time.

The second motivation behind why logbook-loans are prevalent needs to do with the way that the application procedure is quite basic and direct. Not at all like different sorts of advances where the prerequisites are stringent and paper work can take perpetually, logbook loans can be connected online inside minutes and endorsement done inside hours. This is a long ways from the bureaucratic procedure that we are utilized to when managing individual credits from high road banks.

Thirdly, the main security required when applying for a logbook loan is an auto. This is obviously something that numerous individuals with a poor FICO assessment appreciate. Likewise, the way that you incidentally surrender responsibility for auto yet keep utilizing it as you reimburse the credit is something that have made logbook loans exceptionally famous. Envision utilizing a business auto as security and keep on using it to win pay as you make reimbursements for your credit! logbook loans online 

Access to higher measures of cash is another reason that have made logbook advances exceptionally prominent. Actually, individuals with a poor FICO score once in a while get endorsed for high measures of cash. Be that as it may, the circumstance is diverse with logbook credits. You can access cash up to 70% of your official auto esteem and this is something that a great many people find appealing about logbook loans.

Adaptability of reimbursement is likewise another critical purpose behind the rising notoriety of installment. Contingent upon when you get your installment, you can pick to make week, bi-week after week or month to month reimbursements to your moneylender. The way that the reimbursement period is up to 78 weeks likewise makes it feasible for a man to arrange well ahead of time how they will reimburse the credit without straining their accounts!

Monday 17 October 2016

Important things you should know about logbook loans

With logbook loans becoming mainstream and a favourable source of urgent cash among people in the UK, it is important that you be conversant about a number of things concerning them. Granted, a good number of people apply for logbook loans from an ignorant point of view and end up regretting their decisions much later on. With a substantial number of people crying foul and lenders tendencies to provide basic information, learning as much as possible before taking out a logbook loan is essential. So what are some of the important things you need to know about logbook loans prior to applying for them?

Approval
If there is something that has made the popularity of logbook loans go through the roof, it has to do with the fact that approval is usually quick provided that a lender has all the documentation and information about the borrower that they need. In most cases, approval for a logbook loan is usually within 24 hours and 48 hours at its longest.

Amount of money you can borrow
Essentially, the amount of money you can borrow is usually dependent on the trade value of your car. Most logbook loan lenders have no problem availing you amounts anywhere from £300 to somewhere around £25000 depending on how much you need. However, your current official car value should be able to cover the cost of the loan.

Employment
The general belief is that a person should be in employment before they can be considered for a logbook loan. However, this is not always the case and that is why you are encouraged to do background research before doing business with a given UK logbook loan lender. A good number of logbook loan lenders accept individuals working part time or in self-employment so long as they can produce proof that they regularly receive income.

Repayment period
Logbook loans are flexible when it comes to repayments. The length or period of repayment can be anywhere between 3 months to 3 years. However, if you have the means, you can pay off your logbook loan within a month. You can also choose to make repayments weekly if you are comfortable with that arrangement.

Early repayments
It is advisable that you ask your logbook loan lender whether they charge someone for repaying their logbook loan early. The reason for this is that there are logbook loan lenders that penalize individuals for early repayments while others don’t. So, to be on the safe side, ask in advance.

Collateral doesn’t need to be a car of a given make
This is another fallacious belief that in order for a person to qualify for a logbook loan, they need to have a certain make of a vehicle. The truth of the matter is that you can use a van or even a motorcycle as security. Greater emphasis is placed on the age as well as the condition of the van or car as opposed to a particular make.

Handing over of spare keys
While it’s not a requirement to hand over your spare keys to your logbook loan lender, handing over can indeed get you favourable logbook loan terms.

Loan purpose
Logbook loan lenders rarely ask you what you aim to do with the money they advance you. You can indeed use the money for whatever purpose provided that you make repayments on time.
There you have it. If you’ve been having the wrong idea about logbook loans, no doubt the aforementioned information has indeed cleared the air for you.

Friday 14 October 2016

Get a V5 logbook quote to compare our rates to Convert Cash or PayDay alternatives. Apply Online NOW– Use our online form for a no obligation quote.

We offer Logbook Loans on Cars, Vans and Motorbikes. Contact us now for a quote, it only take a few minutes. We accept applications from the whole of the UK, that means your local area is covered. We guarantee acceptance if the criteria is met, and our aim is to offer a loan to 100% of applicants.

What is a V5 logbook loan?


Just like a high street money shop lends you cash based on the value of your goods you can get a loan against the value of your car. The best part is that you keep your car, no trade-ins! Logbook loans are a simple, stress-free way to get money from your car. Click Quick Quote to compare our rates now. 

click here for free Quote http://www.eaffylogbookloans.uk/

The fact is this type of logbook loan can have lower APRs and therefore cheaper than some other last minute loan and payday options.

Reasons for getting a V5 logbook loan?

A logbook loan fits in because it is designed for people who have trouble getting a loan due to a bad credit rating but have a vehicle that they can use as collateral. Many people assume that they would be very expensive, but because you have something to put down as collateral, then it substantially lowers the risk associated with the V5 loans and means that the lender will be prepared to charge less for it.You can spend your logbook loan money on whatever you like. Pay the bills, have a holiday or buy some presents… you can decide whatever you want.

CONVERT CASH V5 LOGBOOK LOANS PROVIDE FREE LOAN QUOTATIONS THROUGHOUT THE UK

If you’re looking for a loan that’s instant to apply for, convenient and stress-free then a logbook loan is the ideal type of loan for you. With more favourable interest rates than most other payday loan providers and money delivered direct, a logbook loan is an alternative way to get money from the value of your vehicle.

Simply complete our online application form above to see how much you could borrow against your car.

IT DOESN’T MATTER IF YOU HAVE A BAD CREDIT RATING WITH A V5 LOGBOOK LOAN

If you’ve got a poor credit score, a CCJ or are even in arrears it doesn’t matter. We don’t ask for these embarrassing background credit details when you are applying for your logbook loan.

Friday 7 October 2016

Why Logbook Loans

Logbook loans may be risky and costly but it also comes with its fair share of advantages. If you're thinking of taking out a loan against car any time soon, here are a few points why this kind of financial move makes sense:

1. No credit check

Other than the promise of quick cash, one of the best things about logbook loans is the no credit check policy. If you have bad credit and you can't get approved for a personal loan elsewhere, logbook loans are ready to save the day. Logbook loan lenders do not run credit checks making it easier for borrowers to get approved despite history of ccjs, defaults and even bankruptcy.

2. Fast processing

It's rare to find loans that offer same day approval. Most unsecured personal loans do but their loan offers are very small. Not so with logbook loans. Provided that you meet the basic requirements and you own your vehicle, you can expect approval within the same day you applied. Once approved, you can receive the money within minutes through your bank account.

3. Flexible loan amounts

Loan amounts are more flexible with logbook loans. Whether you just need £500 for overdue medical or £10,000 for a major investment, you can count on logbook loans to cater to your needs. In general, lenders offer loan amounts from £250 minimum up to £50,000. Or you can usually borrow up to 70% of your car's official trade value.

4. Flexible loan terms

Loan terms are also just as flexible as the loan amount. You can repay the loan in a few months for smaller amounts or you can opt for the maximum 36-month term for larger loan amounts. If you need more time, you can negotiate the term with your lender. Most lenders are often open to different arrangements provided that you meet the requirements and you can provide all the necessary documents needed.

A Word of Caution

While easy and fast to avail, logbook loans come with risks. Since it is a secured loan, there’s always the possibility of losing your car in the event that you can’t repay the loan. Make sure you know what you’re getting into before you go ahead with the transaction. Otherwise, you might not only lose your car in the end but also put your credit rating at risk. 

Wednesday 5 October 2016

Beware Logbook Loans On Second-Hand Cars


Most of us drive second-hand cars because we're not made of money. There's a whole load of pitfalls when buying a car that isn't new, but one is often overlooked and particularly troubling.
Drivers could well inherit debts which have been taken out by previous owners of the vehicle you bought, which means you could see your car being seized, when it isn't your fault.
Eaffy Logbook-loans have sent out a warning after stating that one in five people who reported a problem to them about logbook loans, they ended up having their car repossessed despite not borrowing the money themselves.
What happens is, someone takes out a logbook loan and they put their car up as security. Like using a pawnbroker, the full ownership of the car is retained by logbook loaner until the debt has been paid off in full.
Eaffy Logbook loans have warned that you might buy a car that is still the subject to an outstanding logbook loan taken out by the previous owner and you, who have done nothing wrong, ends up being chased for the debt.
There's an estimated 60,000 logbook loans to be taken out this year, which is a 61% increase on 2011. The CA survey regarding drivers who had bought a second-hand car found that 63% did not check if the car had an outstanding loan.
As such, they'd like to see the law changed so that the car cannot be taken if the owner is not the original borrower. The person should own the loan, but the thing they put up as security.
Sadly, at the moment, there's no way of telling whether or not the car you're buying has a logbook loan attached to it, which is why it has become such a problem.

Tuesday 4 October 2016

Why Logbook Loans Are a Low Cost Borrowing Option

You may not be fully up to speed on what a logbook loan actually is. Well basically, it is a loan that is secured against your vehicle, and the finance company keeps hold of the vehicle logbook for the duration of the repayments. The logbook (or the V5) is a document that contains the details of the vehicles current owner, the engine number, the VIN number and registration number.



When acquiring a logbook-loan, the company providing the loan, takes possession of the logbook, but the person taking out the loan, is allowed to keep using the vehicle. However, failure to keep up with the repayments means that is very easy for the finance company to repossess the vehicle in order to sell it on. That is why it is important to make sure that you have enough money to meet the financial commitment of taking out the loan, or you may end up waving goodbye to your treasured vehicle.

As stated earlier, there are other ways to obtain credit, especially if you are in need of credit in the short term. However, these tend to take on the form of payday loans, and these have a very high rate of interest, plus, you can only borrow a certain amount based upon your next lot of wages. People who have taken out payday loans tell of being caught in a spiral that requires them to take out further loans in order to pay off the initial loan.


Payday loans are suitable for some people but are to be avoided if possible, and logbook loans make more sense, as the companies who provide logbook loans tend to make sure that the person taking out the loan can afford the repayments.

With the current low interest rates, it is a good time to take out a loan, however, this does not stop some loan companies charging extortionate amounts of interest, and typically the shorter the loan period, the higher the interest. Payday and doorstop loan companies are among some of the worst for charging very high rates of APR.

Another advantage that log-book-loans have over other methods of credit, is that you do not need to go through the problem of having your credit history examined. This can be a stumbling block to many people’s credit applications, and it can be a waste of time even applying for certain loans if you have CCJ’s or defaults on your credit file.

Plus with payday loans, you can only borrow a certain amount of money against your next pay packet, and this can mean that you are not getting the amount of money that you need. However, with a logbook loan, the amount you can borrow depends on your car, its age and condition.

Hopefully you now have a better idea about the advantages of logbook loans compared to other kinds of loans. There are many companies out there who are in a position to offer you a logbook loan, so you should not find it too difficult to find one that suits you.

Monday 3 October 2016

Shedding light on Logbook loans

The term “bad credit” is a very sensitive subject in the financial world. Lenders, in essence, view individuals with a poor credit rating as a risk to the well-being of their business and rarely offer them credit facilities. In fact, it is correct to say that individuals with a poor credit history generally find it difficult getting access to credit facilities or a mobile phone contract. For a long time, this was the standard mode of operation so much so that those with a poor credit rating felt like second class citizens.



There was hue and cry, distress, depression and a low self-esteem among those with a poor credit score. Applying for a loan or a phone contract became a nightmare of sorts and those with bad credit had to contend with the all famous line “we are sorry but we can’t approve your application at this time”. Well, this was the case before V5 loans became a reality. V5 loans or what is commonly known as logbook loans indeed changed the loan industry in ways never seen before.


With logbook loans, individuals could now apply for emergency loans without having to worry about the status of their credit score.
How logbook loans work
If you are thinking of applying for a logbook loan for the very first time, you probably need more information on how this amazing and lifesaving loan product works. For starters, in order to qualify for a logbook loan, you need to be a legal owner of a car, a van, a caravan, a motorcycle or even a lorry. The reason for this is because logbook loans are secured using a car’s logbook. You sign off your car logbook to the lender in exchange for the amount you receive as a loan. When you do this, your car becomes the property of the lender for the duration of the loan. However, you continue using the car as you make repayments.
Ordinarily, UK logbook loan lenders advance logbook loans up to 50% of the value of your car. To determine how much you are privy to when applying for a logbook loan, it is essential that you provide your lender with your car registration. They will then evaluate its worth and advice you accordingly. However, there are a number of things you can do to ensure that you increase your chances of approval or even the maximum amount you can apply for. For one, you need to regularly service your car so that it’s in good condition. The insurance and tax details of your car need to be up to date not to mention the car needs to be free of any financial charges. The standard duration for a logbook loan is 78 weeks which gives you the flexibility to plan your repayment without feeling as if your back is against the wall.
Things to note
Getting approved for a loan facility despite your credit score status is a beautiful thing. However, you need be cognisant of the fact that defaults could put your car in jeopardy. In fact, you risk losing your car if you fall way back in repayments. Logbook loan lenders have the legal right to repossess and sell your car if you are unable to meet your logbook loan obligations. You can also be sued especially if the proceeds from the sale of your car are not sufficient to meet the principal amount together with the accrued interest!

Friday 30 September 2016

Log Book Loan Leads

One of the formerly less-in-demand types of loan is suddenly seeing an upward trend. We’re talking about logbook loans. For the benefit of a few who don’t know what a logbook loan is; logbook loans are cash advances usually taken against their vehicle. People with a bad credit or an over extension of credit are the ones who take logbook loans as they are not considered eligible for other loan types. Since the number of lenders of logbook loans is comparatively less, such consumers take the help of the internet to reach suitable lenders. We, Eaffy Logbook Loans gather the information submitted buy them and validate the data to convert them into 100% verified logbook loan leads UK. So, if you are looking to buy logbook loan leads we are your best partner! We sell logbook loan leads that are the best in the market not because there are very few players but because our logbook loan leads speak for their own credibility.



Our logbook loan leads contain details such as names, addresses, telephone number, email id, loan amount sought etc, of the potential buyers that is aimed to give a fair idea of the prospects you will be dealing with. We do not deliver randomly generated raw data collected from the web. We follow a stringent validation process that converts raw data into qualified logbook loan leads; ones that you can start working on as soon as you receive them. As part of the validation process we manually call each and every lead and verify their basic information. This task is performed by our experienced and skilled executives who operate with only one thing in mind – data integrity! This ensures that all our logbook loan leads UK are accurate and conform to legal standards. Going a step ahead, which is also the key differentiating factor between an ordinary leads provider and Eaffy Logbook Loans, we subject the already verified logbook loan leads to a round of scrubbing that weeds out any faulty record. The qualified logbook loan leads UK thus generated are delivered via email in excel / .csv format or as hot transfers or online from where you can access them using specific filters. Further, if you happen to receive invalid / bad leads when you buy logbook loan leads, stay assured that our replacement policy will cover you. Should you buy logbook loan leads from the leader you can be certain of optimizing your costs as you’ll be working with exclusive leads!


Tuesday 27 September 2016

Differences Between Logbook Loans And Payday Loans

The downturn in the economy over the past 5 years and many bank’s reluctance to lend to individuals has left many people unable to borrow from traditional sources as quickly and easily as they used to.
This has led many people to seek alternative lenders offering credit to people in the form of short-term loans. Over the last few years two of the most popular sources of short term finance have emerged, logbook loans and payday loans.
There are a few key differences between logbook loans and payday loans and the we will help highlight these.

Secured vs Unsecured

The main difference between logbook-loans and payday loans is that one is secured and the other is not. Logbook loans from V5 Solutions utilise the security of the borrower’s vehicle (car, van or motorcycle) while payday loans are unsecured. This creates a distinct definition between who is eligible for either loan product and how much can be borrowed.

Credit Checks

As V5 Solutions logbook loans are secured against your vehicle we don’t carry out personal credit checks. As long as you meet our qualifying criteria you should be able to borrow £300 – £10,000 quickly and easily with us.
As payday loans are unsecured the lenders carry out extensive personal credit checks and if you have a low credit score, CCJ’s or arrears then you may not be accepted.

Amount Borrowed

A major difference between V5 Solutions logbook loans and payday loans is the amount that you can borrow. V5 Solutions offer same day logbook loans from £250 to £50,000 depending on your vehicle and personal circumstances. While Payday loans typically range between £50 and £300 they can be particularly useful if you only require a small amount to borrow over a short term.

Speed of Access

Payday loans offer same day loans, similar to V5 Solutions logbook loans, except that as the loan is unsecured the whole loan process can be completed online. This is very useful and convenient.
V5 Solutions provides same day logbook loans but we have to meet you in person to view your vehicle, sign our loan agreements and issue the loan payment to you. We can usually complete this all within a few hours of receiving your loan application!

Cost

While log-book-loans and payday loans are typically more expensive than traditional Banks, they are far more convenient and flexible and if used correctly can be cost effective too.
A typical payday loan will cost £30 per £100 borrowed per moth. 30% interest per month. This means that if you borrow £100 for 1 month (or until your next payday) it will cost you £30 in interest and charges. In total you will repay £130. If you borrowed £500 it would cost £650 to repay in full.
As V5 Solutions logbook loans are secured on your vehicle we can charge you a lower monthly interest rate. If you borrowed £500 from V5 Solutions your final payment after 1 month would be £592. You would also be required to pay your 4 normal weekly instalments of £21.24.
If you have to extend your £500 payday loan for a further month you will incur an additional £150 in interest charges taking the total repayable to £800.
However, with V5 Solutions the total repayable after two months is only £749, including your normal weekly £21.24 instalments. This  makes a V5 Solutions logbook loan cheaper than a payday loan.

Loan Terms

Payday Loans are typically 1 month long compared to a V5 Solutions logbook loan which is 18 months long. In both cases you can settle your loan early and make large savings. With V5 Solutions you can settle your logbook loan at any time and pay less. To find out how much you could save by settling your loan early just call us on 08081635342.

 Loan Payout

Payday loans are typically deposited into your bank account. But what if you don’t have a bank account or you require the funds in your hand to pay for something urgently? This might not be the most convenient option for you.
Our logbook loan payments are more flexible and can be made either by cheque which you can deposit (or cash at various outlets in your town) into your account or we can pay directly into your bank by BACS or Faster Payment.
V5 Solutions provides convenient same day logbook-loans throughout England. Use our Eaffy logbook loans  for your free, no obligation, online logbook loan quote.

Friday 16 September 2016

Top Five Benefits Of Car Log-book Loans

If you are looking for a log book loan, you’re in the right place!
However, if you are after a little more information before committing to a loan, why not have a read of our top five benefits of choosing a log book loan from Eaffy. We think you will be pleasantly surprised!

Borrow what you need

Here at Eaffy, we are able to offer loans from £250 right up to £50,000.
Loans are agreed based on the value of your car as well as your personal situation and your ability to make potential repayments. All of this is discussed with you and we would never encourage you to borrow more than you need, or more than you can reasonably afford to repay.

Easy to understand

We are proud that our lending process is easy to understand – we will not try to bamboozle you with tricky terminology and complicated lending rates.  You can either apply online and pop in with your documentation, or do the whole loan application in store – either way, one of our friendly team will talk you through the steps and you will be encouraged to read through all of the paperwork before you sign upon the dotted line!

Quick cash

We understand that sometimes things just crop up unexpectedly and that sometimes you will need the cash – and fast!
So, after you have completed the loan application and everything has been signed and approved, the money is transferred straight into your bank account, usually within one hour of approval. One of the biggest benefits of our quick cash transfer is that you are left to get on with your day, and your life. 

The car is still yours to use!​

After completing your logbook loan, you will still have access to your car and be able to use it for your usual daily routine, as you were before - the car is still yours to use for work and leisure purposes.
Very occasionally do we have to resort to repossessing a customer’s car due to lack of payment, but this is only in extreme cases in which we have been unable to gain a satisfactory result with the customer and after all the legal notices have been sent, as per the Consumer Credit Act 1974.

Favourable eligibility criteria

We understand that many people will have a blemish or two on their credit history. That’s why we do not automatically refuse loans for those that have had credit defaults, CCJ’s, or have been made bankrupt. We work with you to establish whether the loan is right for your personal situation, taking into consideration your credit history. Every applicant and application is treated fairly and with respect, regardless of previous circumstances and history – and we are proud of this!

Think a log book loan is right for you? 

Why not give us a call today to discuss further on 08081635342 or simply apply online today!

Thursday 15 September 2016

Process Of Getting A Logbook Loan



There are two sorts of individuals who are most enamored with logbook credits: the individuals who can't get their hands on general advances and the individuals who don't wish to hold up through the whole procedure. Logbook Loans, as well, have a methodology to take after, yet it is no place as monotonous as the traditional one. It is entirely straightforward however a long way from normal learning. Individuals need to know increasingly about logbook advances and this article listens to their interest. So on the off chance that you have found out about the advance and are acquainted with the fundamental idea, yet at the same time wish to become acquainted with the definite strides that occur, this article is for you. It investigates the whole course from application to endorsement.

On the off chance that you will put your auto as security and get a logbook advance affirmed, yet stay ignorant regarding where to begin, the principal thing you have to do is discover the moneylender. These loan specialists are turning out to be progressively open and you ought not have much trouble discovering one on the web. Notwithstanding, ensure it is a nearby organization, since they would in the end need to see your auto. You ought to search through various necessities and read through late charges and increments in loan costs, in the event of steady late installments. Becoming acquainted with the bank totally, before going ahead, is dependably the smarter choice. You would prefer not to put the responsibility for auto into wrong hands. Be that as it may, on the off chance that you are managing an all around presumed firm, these second thoughts ought not stress you.

Having settled on where to get the advance from, you can continue towards the online application. This application is shockingly straightforward. These applications more often than not request individual, work, monetary and auto related subtle elements. You ought not need to take out more than 15 to 20 minutes to finish the application. On the off chance that you discover any sort of trouble filling the structure, you can simply call the without toll number, where the administrator would walk you through the whole application-filling process. In the event that there are a particular inquiries you require replied, don't hesitate to inquire. This progression closes once you present the application. Presently you ought to sit tight for an answer.


When your application is affirmed, expect a telephone call from the administrator. It ordinarily talks about a couple points of interest, affirm your enthusiasm for getting the advance and above all, organize an arrangement. This arrangement includes a visit from an agent of that organization. He or she would be in charge of reviewing your auto and guaranteeing that the subtle elements, which you entered in your application, are valid. Since they hold your auto as guarantee and offer it to settle your obligation in the event that you don't pay back the advance, they would need to be fulfilled.

Next, we move the last stride. In the wake of assessing your auto's worth, they will get in touch with you with the offer. They are prone to offer around half 75% of the auto's assessed worth. On the off chance that you acknowledge the offer, you can have the cash inside 60 minutes. After getting the cash, you handover the auto's logbook, alongside its lawful possession, to the loaning foundation.

Presently, you have the cash in your grasp and the auto in your carport. You can would whatever you like to do with the cash, they have positively no sympathy toward it. What they do look forward is credit reimbursement and interest installments. For whatever length of time that you orchestrate that, your relationship is sans anxiety and great to go. As should be obvious the procedure is exceptionally shortsighted. There is insignificant printed material and practically zero bother. On the off chance that you contrast it with different advances, it looks pipe dream. Maybe this is the reason individuals are progressively turning towards logbook advances.