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!


Beat Big Emergency Expenses with Logbook Loans

Is every financial emergency equal? Not at all. You might have an expense that comes up every single year, but if you haven’t had time to prepare for it, it’s definitely an emergency. You have to cover it somehow, and then move on with your life. Unfortunately, a lot of people don’t think very hard on how they’re going to be able to get little things taken care of. This leads to a lot of tension that could have otherwise been avoided. If you’re looking hard at the issue at hand, you might not come up with very many solutions.

Unfortunately, families are struggling these days, so it’s unlikely that your family will be able to come up with the money for such an expense. They may also see it as a problem that you have to solve for yourself. As adults, we’re tasked with solving a wide variety of issues. Getting an advance from your boss directly might be impossible. Also, the more people that you tell about your problem, the more sets of options there will be. Everyone loves to give advice on a life that isn’t theirs.

Logbook Loans

So what can you really rely on? Well, you can beat big emergency expenses with logbook loans. There’s nothing wrong with these loans, though you might be suspicious since they’re easier to get than loans from the bank.

There’s a reason why lenders don’t mind handing these out: they’re secured. What you’re putting up is your vehicle for the duration of the loan. Even though this sounds scary, it’s really isn’t. The only time that you would have to worry about the payments would be if you missed them. Start missing payments and then you’d have a risk of losing the car. Most lenders know that people fall on hard times even during repayment. If you stay in constant contact, you’re very likely to have everything solved for you. Why would you want to risk losing your vehicle, after all? You need it to get to work. Even if you live in a park of the UK where public transportation is plentiful, there are still freedoms attached to having your own car. When you can drive yourself places, you are truly the master of your own schedule. [Read more…]


Are Logbook Loans Truly a Perfect Loan

We’re huge fans of loans these days, for good reason — you get the money you need, when you need it. Sure, you’re going to have to pay it back but nothing in life is free. Even if you borrow money from family, you still have the massive cloud of guilt over your head if things in your life change to the point where you will not be able to pay them back as you expected. This is something that can be pretty stressful, but it definitely doesn’t have to be that way. You need to make sure that you’re always thinking about the bigger picture in terms of your financial future. In most cases, it’s better to take out a loan than just do nothing and watch your car repairs worsen, or see massive late fees attached to a utility. What’s worse is that if you don’t make the account on time, you could deal with a disconnection notice. This is definitely the last thing that you want to deal with, so why not do what you can to fix it?

Logbook loans definitely look like the perfect loan because they are secured. Lenders know that if you’re willing to risk your vehicle, you’re probably going to pay the loan off. There are some restrictions with logbook loans. You can’t just put up any car — they reserve the right to assess the value of the vehicle themselves. They will not let you borrow the entire value of the vehicle, but it can come pretty close. You will certainly get enough money to take care of whatever debts are really going on in your life.

Logbook Loans

Nobody really wants to find themselves in a position where they have to think about their debts, but you might as well get it over. Once you get the problem taken care of, you can go ahead and move on with your life. You will be able to save a little more money, anticipate problems faster…because you know that you don’t want to take out any more money. Everyone comes to a point where they really do want to get their finances back on track. Otherwise, they will just end up making the same choices over and over again. This can definitely be frustrating if you’re not prepared for it.

Logbook loans definitely present as great loans because you can use them for just about any purpose that you can think of. We think that they should be used for when you need to cover some bills or make some repairs on your vehicle but that’s not for us to decide. We can’t control your life in any way, but we think that you should definitely think about this type of thing before going out to have fun. Considering the interest rate of logbook loans is a bit higher since they can be received “on demand”, you definitely want to make sure that you have a real purpose for the money. Good luck with everything that you have ahead of you — you’re going to need the help!


A Short Holiday Thanks to Logbook Loans – Everything is Possible

Going on holiday might be a tradition every year for some, but for others this isn’t the case at all. You have to be able to have a good time eventually. Life is way too short to be sad all of the time. It’s been shown that people who bottle up all of their emotions eventually explode at one point or another. It’s quite possible to get burned out, depressed and tired. What you need to do is learn how to fight these feelings and create the life that you’ve always wanted.

If money is tight now but will be better later, why not look into a logbook loan? If you’ve never heard of these loans that’s perfectly fine. A lot of people really haven’t, so they assume that it’s some sort of scam. We can assure you that logbook loans are offered by lenders that are heavily regulated for your protection.

Logbook Loans

This means that you have a loan that you can tap to bring some cash into your budget, as well as having a longer time to repay the money. It’s not something that you can really mess up, as the lending company takes care of all of the details for you.

There are some restrictions that will be in effect — such as the relative age of the car. You will also not be allowed to borrow more than the value of the car. This is usually done as a percentage of the car’s value overall.

The lender will send someone out to appraise the vehicle and give you more information on the loan. It’s very important that you treat the loan with high priority. It’s secured by your vehicle, so if you don’t pay back the loan you’ll end up defaulting. That’s definitely not what you want to do at all. You’re much better off being honest and upfront with the loan company at all times. They’re going to want to make sure that you have steady enough employment to handle the loan. This is always a good thing, when you really think about it. Why wouldn’t you want to get started today, while it’s still on your mind? Good luck!


Depression Sucks – Logbook Loans Can Help

Recovering from depression takes item, and it’s a time that’s not easy for anyone. For the family of the depressive, it feels like one is walking on eggshells. You just never know what’s really going to set a depressed person off, and that leads to a lot of strained silence. It’s a tense situation, but that doesn’t mean that it can’t get better. For the depressed person, however, the world is a wobbly, scary, uncertain place. The self image has been completely shattered. You just don’t know who you really are anymore, but you’re willing to keep fighting. That deserves applause all on its own. Instead of giving up, you’ve decided to keep fighting. That’s perfectly fine, and you’re in good hands. There are more resources than ever before to help you get your bills back in order.

If you have a good car, you can actually turn to logbook loans. These are secured loans, which means that you’re much more likely to get approved for the loan than if you tried to go to the bank. The reality is that banks are lending less and less money these days. There’s a lack of confidence in the market everywhere you look. So if this is a factor for you, you might want to skip over the banks. If they aren’t loaning much money to their top creditors, what makes you think that they’re going to lay out the proverbial red carpet for you?

Trying to deal with depression is already hard enough, but facing your finances again can be really rough. Trust in the loan process. Let yourself get the money to get your finances up to date. Chances are good that you have more than a few bills that could use tending to. Sure, you could go back and beat yourself up for all of the times that your mind has wandered. You could even beat yourself up for all of the times that you wished you could turn things around. But the truth is that you just have to go with the cards that you’re dealt, so to speak. You can’t turn back time, so why dwell on it? If you’re having better days from depression, it’s time to take action.

logbook loans

Applying online for logbook loans is easy. There’s no need to take your car somewhere special. The company will be more than happy to go to you instead. Even if you’re at work, they’ll drive over there and appraise your vehicle. From there, you can figure out how much money you can actually borrow. They will not allow you to borrow the full cost of the vehicle, but it’ll come pretty close.

There’s plenty of opportunities to get things back on track. Once you are approved for the logbook loan, all you really have to do is make your payments on time. Keep in mind that if you don’t make the payments that you’re supposed to, you’ll end up losing the car completely. That’s definitely not something that you want to look forward at all if you can help it. Make sure that you’re thinking things through as much as possible. It’s quite easy to get things moving in the first direction but you have to be serious.

Once you get the loan taken care of, you need to make sure that you don’t get off track again. Saving more than what you need into a separate bank account is just smart finance in action. If you want to save more money, you need to avoid spending at all of the high street shops. This will keep money in your pocket, which means that you’ll have options.

Now, we’re not saying that you can never go out, and we’re definitely not saving that you can’t spend money. What we’re trying to say here is that there’s a time and a place for things like that. When you’re trying to get back on your feet, you will need to cut back on the type of spending that you’re really doing. It’ll help you get where you need to go in virtually no time at all. Good luck!


Increasing Popularity of Logbook Loans

The recent economic slide has created several setbacks when it comes to managing any personal financial crisis. With outstanding bills waiting to be paid and a poor credit record, banks and even private lenders are not an option. Sounds familiar? Well, if you are looking for quick cash that won’t need you to pledge major assets, a great solution is logbook loans.

In simple terms, logbook loans are advances drawn out on your car, which is used as the security against the loan. As safe as secured loans are, getting a loan off your automobile means that you put nothing by way of collateral except for your vehicle. To qualify, aside from owning a vehicle, you will need to be gainfully

employed with a regular salary source, and may have to provide income proofs as well.

So what exactly is a logbook? Well, the logbook is the registration document that comes with your vehicle that basically affirms that you are the rightful owner. In addition to the vehicle details such as registration information and chassis number, the logbook also includes information pertinent to the insurance coverage on the car. Logbook loans are rapidly gaining preference among the general public, and not without reason too. Here’s why these loans beat traditional money lenders:

  • Online applications: This is definitely a plus for people who are too busy to go through the lengthy process of loan applications. Now applying for a personal secured loan is just a click away.
  • Quick credit: Once the straightforward application process is complete, funds get credited directly to your account.
  • Higher loan value: Logbook loans offer a much higher credit facility as compared with other loans offered against movable securities.
  • Credit against a vehicle may seem an inconvenience, yet with these loans you still own your car and can continue to use it during the loan period.

If the money is tight, and you are out of options, it is time to make the most of your vehicle with logbook loans.


Who are Logbook Loans For?

A logbook loan is only available for someone who owns a vehicle. They will have to use that vehicle as collateral on the loan which means that they could lose it if they cannot make the repayments. It is therefore a risk.

A logbook loan may not be the best option for all drivers though. It is designed to be a last resort option for those who cannot get credit elsewhere and therefore it can be comparatively expensive. If you can get a loan without collateral that could be a better option as you will not risk losing your vehicle if you cannot pay it back.

You do need to compare the costs though. You may find that a logbook loan is cheaper than some of the other options available. However, you do also need to consider whether you will be able to pay it back. The vehicle will be repossessed if the repayments are not made and so that is a risk that you need to consider. You may feel safe at being able to do this, but you need to consider what might happen if your income is no longer coming in or if you have some big expenses. Not being able to repay will mean you lose the vehicle and the logbook loan company may not be lenient with you as the terms of your agreement are that they can do that.

Logbook Loans

So logbook loans are designed to be for any driver who is having difficulty financially. If they cannot easily borrow money cheaply, doing this can be an option. It can be cheaper than an unsecured loan and provide some much needed cash.

As with all loans, you should consider the consequences of borrowing. You need to really need the money before you borrow it and you also be confident that you can pay it back. By using your vehicle as collateral, you will be helping to keep the costs of the loan down, but you will be putting it at risk. If you cannot make the repayment then you could lose it. If you need your vehicle for your work, then you will not only lose that, but also your job as well. This is a big risk to take.

So a logbook loan is for a vehicle owner who has no cheaper loan options available to them. The vehicle needs to not have a finance agreement already against it and has to be worth more than the value of the loan.


Bad Credit and Logbook Loans

If you have a bad credit rating, then you may find it hard to get loans. If you want to borrow money you may have to turn to very expensive ways to borrow and this could mean that you get in to even more financial trouble. It is wise to only borrow money if you really have to and make sure that you take a look at all of the options available to you.

Many people may find themselves turning to a payday loan, but this is not always  the best place to look. If you have a vehicle then a logbook loan could be better for you. This is a loan where your vehicle is used as collateral. This means that there is less risk for the lender as they do have a means of getting their money back, should you not be able to make the repayments. With there being less risk, it can mean that the loan is cheaper.

take out logbook loan
It is worth thinking hard about this option though. If you vehicle is repossessed because you cannot repay the loan then it could leave you in big trouble. You may find that you cannot get to your place of work and so you will have to give up your job. You may not be able to get out to do shopping, visit relatives or perhaps take the children to school. All of these things are very important and if there is no other way to achieve them, then putting your vehicle at risk could be a very unwise thing to do.

It is worth considering how confident you are that you will be able to pay off the loan. Look carefully at the repayment schedule and work out where you will find the money to meet those payments. It may be a struggle, it may be impossible or it may be easy. It is worth imagining what you might do if extra expenses came along and made you short of money, as you would still have to pay for the loan.

So make sure that you only take out a loan that you can afford to pay back and make sure that you do not risk losing your vehicle if it is something that you rely on for your income. It should not be a quick decision, think hard about how the loan will affect your future and decide whether you think that it is really necessary.