Eaffy Logbook Loans Get Loan Against Your Car

If you're looking for quick cash but bad credit is in the way, getting a logbook loan is your best option. The financial product is currently very popular in UK because of its many advantages including the fact that it does not require credit checks. It's readily available online and on high street plus many lenders are also now offering same-day approvals.

Now when it comes to cost, the APR can be pretty high seeing that lenders are dealing with high risk. If you want a logbook loan that's affordable and one that comes with a reasonable interest rate, you came to the right place.

What We Do

If you need cash quick but bad credit is in the way, Eaffy Logbook Loans can help. We are a trusted and reliable name in the lending industry offering one of the cheapest logbook loans in UK today. As long as you own your car and it meets our requirements, we guarantee to process your applications as fast as we can, even promising to provide confirmation within the same day.

At the heart of our operation is our vision to make logbook loans as readily available and as affordable for our diverse customers. To do that, we always make sure to provide the most reasonable interest rates. In addition, we do not shy away from key partnerships to give you more options.

We are currently working with top logbook loans providers in the market. We work hand in hand to make logbook loans affordable for every borrower who owns a car.

What You Need

To be eligible for a log book loan, you have to be 18 years of age or above, a resident of UK and a vehicle owner. The car should be less than 10 years old and is free of any financing.

Once you meet the basic requirements, you are ready to avail of the cheapest logbook loan in UK. To hasten the application process, you may already want to prepare the necessary documents which will include your vehicle's V5 or logbook document, MOT certificate, insurance details, proof of identification, proof of employment and one of your recent bills.

Ultra Simple Application Process

Aside from giving you logbook loans with low APRs, Eaffy Logbook Loans is also pretty popular for our simple and straight forward application process. In just minutes and in just three steps, you can already apply for a logbook loan. It doesn't get any simpler than that.

All you have to do is fill out our online form, wait for our confirmation and then receive your money. All if these can happen within the same day because we all about providing utmost convenience and ultra fast service to our customers.

Partner with Us Today

If you want a stress-free and hassle-free logbook loan application, look no further. Eaffy Logbook Loans is your ideal partner for the most convenient application process and the most affordable logbook loans in the lending industry today.

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Logbook Loans Online In The UK – The Best Way Of Instant Financial Assistance

You would be very pleased to know that there are multiple loan options presented in the marketplace to assist people in monetary terms. Situation of financial emergency may arise at any time and if you are well prepared, then it will not harm you in major prospects. In the case of no savings available in your bank account, you remain only with one option i.e. asking money through a loan. Having wide range of loans may satisfy you but at the same time, it may also confuse you in choosing the right option.

When you are in urgent need of cash and no other finance options appear as suitable for you, choose only the logbook loans in the UK. The monetary advantages of these kinds of loans can be availed by keeping your vehicle as the security for the borrowed sum. These loans are quite popular among the UK people because it allows them to get their desired funds with no hassle.

Instant Quote on Logbook loans – No Upfront Fees

The professional lender in the UK is presenting the logbook loans online in which no documentation process is involved. Borrowers can apply directly through a secure online application procedure by submitting a form with required details. As soon as they complete the application process, the lender can able to facilitate borrowers with a quick transfer of cash to their registered bank account.

Moreover, the bad credit borrowers can also utilise these instant logbook loans not only as their financial backup during urgency but also as an opportunity to bring credit score back on the track of the satisfaction. A reliable lender always understand the financial obligations of an individual and therefore, provide flexibility in the repayment terms, as the bad credit people can improve their credit scores through timely repayments of the borrowed money.

Hence, the moment has come for you to regain financial stability in your life by choosing the way of logbook loans in the UK.

Logbook Loans on Lowest Lending Rates

Easy Loans UK is an experienced and regulated provider of logbook loans in the UK. We offer loans on the lowest possible rates of interest, and moreover have scheduled smart repayment options. These loans give borrowers the much needed credit, by placing the vehicle as collateral. We provide a fast and efficient route to logbook loans, with approvals coming on the same day the application is made by the borrower.

At Easy Loans UK, we always want to make sure car logbook loans align together with several financial advantages. We give them an opportunity to borrow cash without any hindrance during the times when they need real cash to meet their personal as well as social obligations.

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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.

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Advantages of a Logbook Loan

Despite what other financial experts say about logbook loans, the financial product continues to attract a large number of borrowers across UK for several reasons. Not only does the loan bridges the large gap in the market but it helps borrowers meet a wide range of financial needs and emergencies. If you’re thinking of taking out this type of financial product, here are a few advantages that makes it a better option than other high risk loans such as payday loans.

Fast approval

More and more logbook loan lenders are now promising same day approval for their loan deals as a way to lure more customers to apply. This means that if you need quick cash, you can avail a logbook loan and meet any financial need within the same day you applied. To guarantee fast approval, just make sure you are eligible for a logbook loan and you meet the eligibility criteria. It would also help if you prepare the needed requirements prior to completing an application form. Among the documents your lender will need include your vehicle’s V5 document, MOT certificate and insurance details among other things.

Large loan offers

With logbook loans, the loan amounts are also larger because of the security requirement. In most cases, you should be able to borrow between £250 and £50,000. The maximum amount your lender can lent you will depend on your car’s official value but in general, it is set around 70% of said value. With the large loan offers, borrowers are able to meet a wider range of financial needs. Whether it’s just an overdue bill or a major medical expenses, you can count on logbook loans to give you a quick cash solution you can easily avail. To compare the best logbook loan deals available in the market today, go to http://www.eaffylogbookloans.uk

Longer loan terms

It also follows that logbook loans come with longer and more flexible loan terms. The typical repayment term for a logbook loan starts from a few weeks to 36 months. The term will depend on what your lender offers but you can also tailor made it according to your loan amount and financial capability. If you need a longer time to repay your loan then you can opt for the maximum repayment term available. If you want to pay the loan fast, you can also do that. Either way, logbook loan lenders are more flexible with terms than other lenders offer unsecured personal loans.

No credit check

But more than the larger loan offers and longer loan terms, the fact that there’s no credit check with logbook loans is its biggest advantage over other types of personal loans. With no credit check means anyone with bad credit can avail the loan. Your credit score will not affect your approval. In fact, your application is considered approved provided that you are eligible and you meet all the loan requirements. In most cases, you can expect to get approved in as fast as a coupe of days or even within 24 hours for some lenders.

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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.

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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.

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Logbook Loans Cheshire

Looking for quick cash? Eaffy logbook loans are for you

If you need anything from £250 up to £50,000 then this could be the answer... and you even get to carry on driving your car. You can even receive your money in under 24 hours if your car is free of finance and you meet the criteria.

Eaffy Logbook Loans have become one of the most popular types of loans as you aren’t faced with the usual hassles and checks. If any of your previous loan applications have been refused, then this could well be the ideal solution.

The funds you release for your car can be used on anything... Logbook Loans give you the flexibility to pay of other loan amounts, go on holiday or just release some cash flow if you prefer.

No obligation: Hundreds of people apply for a free quote every single day! Why not get your free no-obligation quote today?

Been refused before? If you’ve been thwarted before at the credit check stage when applying for loans then relax... V5 loans are amongst the most accessible loan types.

Keep driving your car: Keep the keys and carry on driving your car whilst enjoying borrowing some of the value.

One minute application: Applying for your Logbook Loan quote is simple, quick and can be done via our online form.

Your money to use: It’s your loan, so your money to spend however you like. There are no restrictions on how you can spend your Logbook Loan.

Loans to suit you: Not all loans ’out the box’ suit everyone, so have a chat with an advisor to see how a Logbook Loan can work for your own situation.

It couldn’t be easier to apply for Eaffy Logbook Loans with our site, in fact all you need to do is complete the short application form on this page with some basic information, then you’ll be contacted by a Logbook Loan specialist to discuss your lending requirements further.

With simple online application and free no-obligation Hereford Logbook Loan quotes, why not see how much you could lend now! Logbook loans online

Logbook Loans For Older Cars? Absolutely.

If you’re wondering whether your older car is still eligible for a loan then you may be in luck. Some

other Cheshire lenders will limit the age of an eligible car to 8 years, but the lenders on our Cheshire network focus mainly on the current value of your vehicle which means that older cars may still be eligible. It’s easy to see if your car meets the criteria... simply complete the short enquiry form you can see above.

No Credit Check Logbook Loans?

Sadly this isn’t actually the case, and is a misconception about V5 loans but it shouldn’t put you off from enquiring. Even though all applicants are actually credit checked, because you are using your vehicle as security you may find that a V5 loan is more attainable than other forms of loan making them particularly popular with those with poorer credit histories. So if you’ve been refused in the past you may find this type of loan is your best option.

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What you need to know about Logbook Loans

Logbook Loans are perhaps one of the best lending offers for those who cannot get the approval of traditional loans. They offer fast, hassle-free cash without having to wait long and without the burden of producing complex and numerous requirements. Because of the economic down fall, financial companies, including banks, have become stricter and more stringent when releasing money. This poses a big problem for borrowers who need additional cash to pay their overdue debts, bills, tuition, and sustenance of their day to day needs. It is the ease and accessibility of logbook loans that makes it a quicker and painless solution for borrowers – everything can be done online, and the cash can be received in as early as one day. If a borrower has a car and he meets and passes the requirements, then the loan is guaranteed.

Logbook loans only require the submission of the car’s V5 document (V5 loans), as well as proofs of identity and income. The V5 document represents the borrower’s authority and ownership of the vehicle. Because the industry is so popular, many companies have taken the business online to make it more accessible to everyone.

So, how does one apply for a logbook loan?

First, it is essential to have a good understanding of how a logbook loan works. Look for articles in the internet, and do a research on how it works, what it requires, and what are the possible disadvantages if the loan is not paid back as agreed. With the numerous companies providing logbook loans, this information is readily available in the internet. Also, check around for reputable and credible online lenders to ensure that the company is legit and reputable. Upon finding the right logbook loan company, their website should provide an online application form for the borrower’s credentials and contact information. The company will then contact the borrower to discuss the details, including the terms and conditions of the loan. It is important that everything is clear between the two parties by asking questions and making clarifications.

Second, the V5 document needs to be submitted for the application to proceed. Note that this does not mortgage the car to the company – the borrower can still keep the car provided that he is able to maintain timely repayments as agreed with the lending company. This is one big advantage of logbook loans as they still allow the borrower to use the company to drive himself to work or to his business, making repayments more possible as the borrower can still earn his money through his work.

Aside from the V5 document, what are the other requirements?

The lending company will usually ask for proofs of identity and income, or the bank statement in lieu of the proof of income. Furthermore, the borrower needs to be at least 18 years old and is a resident of the United Kingdom. Furthermore, the car needs to be no more than 8 years old and that it is owned by the borrower. The lending company will assess the vehicle, and the borrower can get as much as 50% of the assessment value.

So, what are the benefits of logbook loans against other loan types?

First, logbook loans require no credit assessment. They do not look into the borrower’s credit standing to assess if he is eligible. So long as eligibility is met and the requirements are submitted, the borrower can receive the cash in no time.

Second, logbook loans offer lower interest rates compared to other types of loans. Furthermore, the presence of a variety of online lending companies makes the competition tougher, and so they lower their interest rates to attract more borrowers.

Third, the terms of repayment can be decided solely by the borrower. If the need is immediate and it can be repaid right away, then he can pay it back the soonest possible time to clear himself of debt.

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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. 

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What are the merits of applying for logbook loans?

If you reside in the UK and you have bad credit, you probably have heard about logbook loans. Like any other citizen, you know how difficult it is to get a loan advancement from high street bank when you have a poor credit rating. Chances are that you’ve had your own share of rejections and have been looking for a way in which you can get approved for a loan without your credit score scrutinized. If that’s your wish, the logbook loans are your best bet.

From the sound of the name, this is a type of loan that essentially uses your car as security. You put up your car as security to get the cash you require from your logbook-loan provider. However, you do not lose possession of your car. The good thing is that you continue to make use of your car as you make repayments for your loan. Prior to your logbook loan being approved, you need to sign a bill of sale agreement which essentially passes the ownership of your car to your logbook loan provider. You also need to give your lender your car logbook loan prior to them approving your loan. With a bill of sale document, your lender does not need to involve a court before repossessing your car.

Logbook loan merits

No credit checks

Well, to begin with, credit checks are mandatory according to UK law prior to approving a loan or a mobile phone contract. The only difference is that the results of the checks as regards logbook loans have no impact as to whether one is approved or not. As such, if you have a poor credit rating or a history of defaults, you have nothing to worry about as regards approval.

Simplicity of requirements

Unlike other loans that require a lot of requirements and paper work before you can be approved, the situation is different with logbook loans. You simply need to have attained 18 years, provide proof of address, proof that you receive income regularly, have a V5 document, and be a bonafide citizen of the UK. With that, you are good to go and can apply for a logbookloan without qualms.

Ability to apply for a large amount of money

If you have dealt with payday loans, you definitely know that the amounts advanced are not only small but also the period of repayments is somewhere between 2 weeks and 3 months. What if you want a large amount of loan and yet you have bad credit? When this happens, logbook loans are your best bet as you can apply up to 70% of your current car value.

Longer repayment period

Logbook-loans repayment period take up to 78 weeks and this means that you can spread your repayment for a longer period of time. You can choose to make repayments based on a schedule you are comfortable with. Just to ensure that you do not default as this may lead to your car being repossessed.

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Loans Against Your Car

Logbook loans are becoming a more popular form of borrowing money than ever before. Effectively, this is a secured loan with the value of the loan secured against the value of your car. This allows you to borrow up to tens of thousands of pounds with ease. The borrower retains possession of the car but the logbook is given to the lender until the terms of the loan are met and the repayments are made.

Secured Loans

A secured loan gives the lender much greater security over the money that they lend to borrowers. While in many cases, this implies that the loan is secured against the value of a house, it can effectively be secured against virtually any item of value and a car is often the second most valuable item a person owns that includes ownership deeds; in this case, the logbook.

Logbook Name

There are certain stipulations that must be met to enjoy access to an online car loan. Primarily, the logbook must be in the name of the borrower and not in somebody else’s name. This ensures that people cannot use the logbook belonging to another person’s car, take out and default on the loan, and the unwitting car owner loses possession of their car.

Car Age

Some companies may also place a stipulation on the age of the car with many only offering loans to those car owners whose vehicles are under 8 or possibly 10 years old. This is because the value of a car quickly depreciates when it reaches a certain age and the car itself may become worthless if it fails an MOT or suffers any major damage or breakdown. Hence, a logbook loan will work best on newer models of vehicles but we urge you to speak with one of helpful consultants to find out further details in this regard.

No Credit Check Logbook Loans

One of the greatest benefits of an online car loan is that it does not typically require a credit check. This allows people with virtually any credit history, whether it’s good or even non-existent, to borrow a reasonable sum of money without even having to worry about the indignity of a failed credit check. A regular income ensures you can make the agreed repayments and the logbook of your car means that the loan will be secured against a tangible asset.

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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.

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Stockport Logbook Loans UK

If you’ve got a bad credit profile and you’re looking for a loan then chances are that during your search you’ve come across logbook loans. Logbook loans work on the basic idea that if you own a vehicle you can secure it against a loan. The reason they are called Logbook loans is that the logbook (your vehicle registration certificate, also known as your V5) is taken by the lender for duration of the loan term, temporarily resulting in the lender owning your vehicle.

What not to do 

Logbook loans are designed as a solution for those with bad credit. If you have a perfect credit history then you are in the wrong place. You will be able to get much better rates by applying for either a bank or supermarket loan where you will have access to APR’s of less than 10%. 

Pricing and things to watch out for

As Logbook loans are aimed at those with bad credit the rates are generally quite high,ranging from 178.2% APR to 498%. Loan terms are relatively short, ranging from 6 months to 3 years with loan amounts between £300 and £50,000. The value of the loan you’re able to get with a logbook lender will depend on the value of your car. In some cases outstanding finance on your car can be deducted from the overall value of the loan offered but this will depend on the value of your car.

Note that Logbook lenders take your V5 when you agree your loan. This makes them the registered keeper of your vehicle for the term of the loan and if you miss even a single payment, your car can be sold very quickly and without going through a court process. This puts logbook lenders into the lender of last resort category and it goes without saying that it’s absolutely imperative that you ensure you can make the repayments before committing to taking out a logbook loan.

Acceptance criteria

Logbook lenders do not discriminate based on your credit score, all they require is that you own a vehicle. If you’re considering a logbook loan and own a specialist vehicle it’s worth noting that each individual lender is different and will have varying restrictions to what vehicles they accept. Some lenders for example do not accept ‘prestige’ or ‘classic’ cars - bottom line, do your research and compare lenders before applying. 

Final word

If you have a poor credit history and are looking for a personal loan then a Logbook loan is worth considering. Logbook loans do however come with a severe health warning. Whether or not you rely on your vehicle to get yourself to work or for the daily school run by committing to a logbook loan you’re putting your vehicle at risk. Therefore before applying for a logbook loan be sure you can safely meet the agreed repayments. If in any doubt, do not apply.

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Your Auto Is Your Security With Our Stockport Logbook Loans UK

We take pride in being incredible and fit change specialists, and are supported individuals from the Consumer Credit Trade Association. With our logbook drives, this starts we will dependably ensure your month to month reimbursements are sensible, and that our terms are versatile to your necessities. Our Logbook Loans range from £250 - £50,000, so you secure as unfortunate or as much as you incline toward.

Logbook advances are accessible on the more dependable choice and on the web.

You can routinely get amongst £250 and £50,000, subordinate upon how much your auto justifies, overlooking the way that you may essentially be permitted to get up to half of your auto's quality.

Note that Logbook moneylenders take your V5 when you concur your credit. This makes them the enlisted watchman of your vehicle for the term of the credit and in the event that you miss even a solitary bundle, your auto can be sold rapidly and without experiencing a court framework. This puts logbook moneylenders into the bank of final resort class and it's a given that it's essential that you guarantee you can make the reimbursements before focusing on expecting out a logbook request.

Your auto is your security with our Logbook-loans, making Auto Advance open to more borrowers and reviving the system much further. Logbook Loans with Auto Advance are not simply kept to vehicles, we in like way headway on motorbikes and vans.

We comprehend the unmistakable life conditions that have made you have poor credit, and we get a handle on that there are a wide measure of times when it isn't your inadequacy. We recognize that past slip-ups or issues shouldn't be the reason on the most fit strategy to gage your capacity to obtain and pay back later on.

We work in relationship with two of the best logbook credit advance administrators in the UK. They consider applications from borrowers with a not as much as flawless cash related assessment. Despite the way that you've had repossessions or court judgments, they may have the ability to help you secure the cash that you require gave you are qualified and can manage the cost of the reimbursement.

Log-book-loan is a quick and vital approach to manage administer wander back the money from your auto. Logbook credit is here to give a weight free, sensible and sensible answer for your budgetary needs, whatever they might be.

Logbook advances are credits secured on your vehicle, so the bank declares your vehicle until you pay the change back. You can continue utilizing your vehicle the length of you reimburse the credit. Regardless, they are costly and dangerous and you ought to evade them in the event that you can.

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Logbook Loans UK

Logbook Loan is a fast and principal way to deal with oversee venture back the cash from your auto. Logbook credit is here to give a burden free, sensible and sensible solution for your budgetary needs, whatever they may be.

Logbook advances are credits secured on your vehicle, so the bank avows your vehicle until you pay the change back. You can keep using your vehicle the length of you repay the credit. In any case, they are expensive and hazardous and you should dodge them if you can.

Logbook-Loans are available on the more reliable decision and on the web.

You can routinely get amongst £500 and £50,000, subordinate upon how much your auto merits, ignoring the way that you may basically be allowed to get up to half of your auto's quality.

These are the reports that show you are the chosen watchman of the vehicle.

We take pride in being great and fit improvement experts, and are endorsed people from the Consumer Credit Trade Association. With our logbook drives, this initiates we will reliably guarantee your month to month repayments are sensible, and that our terms are adaptable to your necessities. Our Logbook Loans range from £500 - £25000, so you secure as regrettable or as much as you slope toward.

Your auto is your security with our Logbook Loans, making Auto Advance open to more borrowers and breathing life into the technique much further. Logbook Loans with Auto Advance are not just kept to vehicles, we in like path advancement on motorbikes and vans.

Note that Logbook moneylenders take your V5 when you agree your credit. This makes them the enrolled gatekeeper of your vehicle for the term of the credit and if you miss even a lone package, your auto can be sold quickly and without encountering a court system. This puts logbook moneylenders into the bank of last resort class and it's a given that it's noteworthy that you promise you can make the repayments before concentrating on expecting out a logbook insistence.

We understand the unmistakable life conditions that have made you have poor credit, and we grasp that there are a wide measure of times when it isn't your deficiency. We acknowledge that past mistakes or issues shouldn't be the reason on the most capable method to gage your ability to acquire and pay back later on.

We work in association with two of the best logbook credit advance supervisors in the UK. They consider applications from borrowers with a not as much as faultless money related evaluation. In spite of the way that you've had repossessions or court judgments, they might have the capacity to help you secure the money that you require gave you are qualified and can deal with the expense of the repayment.

Read More