Logbook Loans Are Still in Season!

Are you looking for a loan that doesn’t take your credit history into consideration? Are you looking for something that can give you the money you need to tackle a big goal today, in the promise that you’ll make on-time payments over a set term? Do you want transparency? If you’ve answered yes to all of these questions, then it’s time to look at logbook loans.

Many people ignore logbook loans because they think that they’re discontinued. This isn’t true at all. You can still go out and get logbook loans, which are a bit different than short term loans. Most short term loans are for a lot less money than logbook loans, so it’s important to know which loan you’re really after. If you’re looking to ask for a great deal of money, then it’s time to look for a logbook loan.

Businesswoman in car

Businesswoman in car

The reason why so many people can get a logbook loan is because they have a solid physical item to offer as collateral. This would be the vehicle they have. As long as the vehicle isn’t too old, it can be used for a logbook loan.

To get started, you should search online for one of these loans. This gives you the ability to apply once and have multiple lenders give you their best offer. Don’t worry about the online format; you’re still protected by industry regulations.

What can you spend the money on? Just about anything you could imagine. If you want to fix up another vehicle, you can do that. If you need to pay a lot of bills that are stuck at a high interest rate, you can do that. The money you’ll save is there because the logbook loan is at a different interest rate, which means you save because you’re not paying those higher fees.

The important thing here is that you pay off the loan within the term that you set. If you don’t do that, then the company has the right to take your car because you failed to pay the money back. This is where a lot of people say that logbook loans are difficult, but that’s simply because they didn’t feel that the rules applied to them at the time. The truth is that the company really doesn’t want to go through the stress of trying to sell your car, which is most likely not in the best mechanical condition. It’s better to just have you pay back the loan so you can be on your way.

The time is right to check out great logbook loans. As long as you have proof of income and employment, you’re in the running for a great loan that does exactly what it claims to do. Just fill out all of the forms correctly, and you’ll know quickly whether or not you qualify. Check it out today!


Customizing A Short Term Loan For Your Unique Goals

There is a movement within the world of financing that is taking off strongly. Instead of despair, consumers are more empowered than ever before. They know that they aren’t going to have to be bullied or pressured. They have a wealth of options, and they are now taking steps to make sure that everything runs smoothly. They want to make sure that they get the loan they need, without dealing with the runaround. Confidentiality is also a very important note as well, for obvious reasons: when you need a loan, chances are good that you don’t want everyone to know about it. You deserve as much privacy as possible, which is why the rise of the Internet is so awesome. Short term loans are easy to apply for online, and you get convenience and confidentiality at the same time.

Will you have what it takes to apply? Well, if you’re the average person with a steady job that just needs a little help, you’re exactly who a lender wants to help. Everyone gets a little behind sometimes, and they need quick financing to get themselves on their feet. If you’re already working and you know that you’ll be able to make the payments over a set length of time, then you already have the key to moving forward.

short term loans in uk

Good loans don’t take time, the way the bank might lead you to believe. You could be fully funded 24 hours after a successful application, or even sooner than that. There is a big network of lenders online that are disrupting the industry and giving consumers what they wanted from the beginning: good short term loans that get them exactly what they need, without burdening them forever and ever. Once you get the money, you don’t have any set rules. You can take the cash and use it for whatever you need to do. Believe it or not, some people even go on holiday with the funds. The key here is that no matter how much you take out, you have to pay it back.

If you build up a reputation with a lender, you’ll have a trusted ally for your financial goals. So if you ever run into a problem again or you just want to get a quick line of cash, they are much more likely to approve you faster since you’ve proven trustworthiness through a completed loan.

Check out these limited time installment loans today. You’ll be glad you did!


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.

loan against car

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.


Compare Logbook Loans to Guarantor Loans

When looking for a loan, one of the best ways to work out whether you’re getting the best deal, as well as to find out more about the loans market, is to consult a comparison website.

It’s easy to compare guarantor loans based on price (tied to the annual percentage rates, or APR) and the amount you can borrow. It’s a little more difficult to compare companies based on their other merits (like customer service, collections policy and early repayment fees) in this way. Due to this, you should do some additional research before applying for the first loan you see.

You may know someone who has taken out a loan recently, or you may be interested in a credit product that you’ve seen advertised on TV. Although we’d like to say that logbook loans are the best option for you, it’s important to investigate all avenues before making a final decision. We’ve compared logbook loans to guarantor loans, which should help you to get a better idea of what is more suitable for your needs.

logbook loans vs Guarantor Loans

Logbook loans are, again, aimed at those who may not be able to get finance through more mainstream lenders like the banks. The main difference between logbook loans and guarantor loans is that logbook loans are secured (in this case, on your car), whereas guarantor loans are unsecured. This means that, should you default on the repayments for the loan, the lender would have the power to seize your vehicle so that they can recoup their costs.

Instead, guarantor loans use the guarantor as a ‘back up’ for the money owed; if you default on the payments, your guarantor would be asked to step in and pay the instalment on your behalf.

Logbook loan lenders tend not to check credit scores before lending, which means that the loan rests purely on the value of your car. As it’s not recorded on a credit file, you can’t build up a good credit record by managing the loan well. With a guarantor loan, your credit history will see improvements as long as you keep up with your repayments.


A beginner’s guide to loans and interest rates

Loans and interest rates aren’t the most fascinating of subjects but you do have to have a basic understanding of these matters if you are thinking of applying for a loan and need to calculate how much it will cost.

Log book loans

If you are thinking of applying for a logbook loan, even though the weekly repayments from companies, including, are small you must realise that interest payments will form part of the weekly repayment instalment. Whenever you borrow money, you will always have to repay that money as well as additional interest, and the interest will vary from company to company.


What is interest percentage?

According to the financial website Money Saving Expert, the percentage interest is the percentage of the amount of money that you have borrowed and is added onto the loan repayment amount. You will always be aware of the interest rate so that you can work out if you can repay the loan. Banks, payday lenders and logbook loan companies all adjust their own interest rates, so even though the Bank of England is currently setting an interest rates of 0.5% this doesn’t mean that UK companies have to set the same rate.

Annual Percentage Rate (APR)

The Financial Conduct Authority, (FCA) states that ‘APR stands for Annual Percentage Rate and you can use this to compare the affordability of different credit and loan offers.’ Some people find that they face problems as a result of the language of the loan agreement. For example, the wording ‘representative APR means that 51% of accepted applicants may have to pay one amount, and 49% may be offered a different higher rate.’ The key is in the term ‘representative.’ [Read more…]


Working Your Way through a Difficult Time Without Crushing Your Loans

There comes a point where everyone has to look at the type of loans that they’re actually taking out. If you’re taking out payday loans, that’s one thing…but what about if you’re just trying to go with say a logbook loan? The truth is that when you really can’t afford to make your loan payments, you might feel like everything is just going to be falling apart. Don’t let that happen to you. If you can’t figure out how to make your payments, you’re going to find yourself dealing with a lot of tough issues. It would be better to face your problem head on, but a lot of people will not do that. They’ll bury their heads in the sand, hoping that everything will get better when that’s not the way to go about things. You’re much better off looking at the way to really get things done than just spinning your wheels.

The first thing that you must do is make sure that you are facing the problem head on. Talking to the lender is the best way to really make sure that you can handle all of this on your own. Sure, it’s scary, but do you really want to find that you just can’t seem to get things to flow as smoothly as you would like? Probably not. You want to absolutely make sure that you have things under control. Otherwise, you’re going to be in for really rough sailing. Calling the lender might sound troublesome, but trust us — they want you to call them. They want you to reach out to them. If you don’t reach out, you’re going to be stuck with penalties and other issues. The lender will not want to hear you later on when things go sour. You have to be able to stand up for yourself and make absolutely sure that you have things together.

taking out loans

Be honest with them. If it’s a temporary thing, they will definitely understand. On the other hand, you want to definitely ensure that you’re making room for big growth in your life. The last thing that you want to do is avoid facing a creditor merely because you’re afraid of what will happen. Believe us; you are better off letting them know what’s going on.

If you’re in trouble with your loans, you might be tempted to borrow more money to cover up the problem. This is not a good idea — even if your parents offer to help you out. If you know that your issue is with the ability to repay, then you have to be able to get that covered before anything else. [Read more…]


If You Want Great Payday Loans, Go to the Source

Logbook loans are a great source of money when you really need to get caught up on some bills, with enough left over for a few little treats along the way. But what if you don’t have such pressing financial concerns? What if you just need a little help from now until payday? That’s where you need to turn to payday loans instead of the logbook format. We’re not saying anything terrible about logbook loans. It’s just a matter of knowing which tool is best for the job.

Lenders will grant you a loan based on your ability to pay, not on the purpose of the loan. So if you’re someone that has a small goal to meet, you don’t want to put your car on the line to do it. You want to save that for bigger goals that have a harder deadline. If you needed to make big car repairs, a logbook loan would be more up your alley. But if you just have a few smaller bills that need to be paid off quickly before payday, then the smaller loan is a better option.

No matter which direction you pick, you can always go online for the best service possible. This is because the anonymity of the Internet works in your favor. No one has to know that you’re seeking outside assistance. People tend to judge your financial abilities without really knowing your full situation. If you were to let them know what’s going on, they may start taking pity on you. Pity is an unproductive emotion, so why not skip over it completely? You know what you need to do, and how you need to get it done.

Payday Loans

Just as you can apply online for logbook loans, you can check out payday loans online direct lender style. You just have to go to the source if you want good loans. Cutting out the middlemen and intermediaries is always a good thing. That’s why traditional banking is so problematic, there are so many hoops to jump through. But if you fill out an application online for a payday loan, you’ll get an instant decision whether or not you can move forward with the process.


Classic Situations That Call for Logbook Loans

Logbook loans are a hot topic in the world of fast financing, and for good reason. Once you have a logbook loan that’s been approved, you have money to use on anything that you could possibly think of. However, people often wonder if that’s really the case. Once you are approved, it is true: lenders will not ask you what you plan to use the money for, and they will not base their approval on what you need the money for.

This opens the door for a few situations, to be sure. Let’s go over them.

A Temporary Reduction in Income

If you work in a field that lowers your hours for part of the year, then you already know how tense things can be when you have to make money. Unfortunately, your bills don’t care whether you’re working with full hours or not. They still expect to be paid, and the collectors will be at your door if you don’t get it together. When you can’t go to friends and family anymore to get the problems solved, where do you go? The bank? That’s a joke these days. The banks generally only wish to lend to people that have top notch credit. If you’re in a bind, chances are pretty good that you just don’t have that avenue to explore. This is a great situation for a logbook loans, because you can borrow the money that you need and have plenty of time to pay it back. You will be approved as long as it’s a temporary reduction and nothing that’s going to mean you’re out of a job. Stable income is more important than the number itself. Most lenders are more than willing to work with you.

logbook loan approved

A Death in the Family

Funeral costs can be absolutely outrageous. And don’t think that the Government is going to step in and help. The average allowance for funerals was only 300 GBP. Most funerals, including the preparation of the body, can be nearly five times that, if not more. The upswing in funeral costs is why it’s so important to plan ahead. Of course, who can plan for a sudden loss? No one, that’s exactly right! This is where you can turn again to logbook loans, because you will be able to get the money that you need quickly. Again, you can get approved without having to talk about your problems. The lender just wants to make sure that you have a willingness to pay the money back as agreed.

A New Baby

Getting ready to bring home a newborn is a very exciting yet stressful time in a family’s life. Whether the birth is natural or via adoption, one thing is clear: there are a lot of things to be purchased, and not very much time to make those purchases. It’s best to ensure that you are truly looking at every aspect of the purchasing process, so you don’t miss anything critical. A logbook loan can be paid over a longer length of time than a traditional cash loan, making it a better choice when you have a lot to pick up for your little ones. [Read more…]