Welcome to GoLogbookLoan! If your stained credit has been a cause of loan refusals everywhere you go, and you are in need of some quick cash, you have come to the right place! We can help you find the best logbook loan company among our hundreds of partner lenders that will suit your borrowing needs. Just complete our FREE contact form to help you get started!
Who we are?
GoLogbookLoan is the name you can trust if you are looking for the best logbook loan deal among the vast market of lenders. Throughout the years, we have remained one of UK’s top logbook comparison sites. Our excellent and impartial comparison service can bring you in touch with the best deals which are ideal for every need and budget.
We understand the devastating impact of bad credit on your borrowing ability, and are aware that most of the time it is forced by unfortunate events which are not entirely your fault. Our aim is to ease some of your financial worries and shoulder the daunting task of finding the right logbook lender for your particular needs. We only request for a few seconds of your time to fill in our online form and we will contact you instantly with a FREE quote!
What is a Logbook Loan?
A logbook loan is a type of secured loan offered mainly for people with bad credit and couldn’t otherwise qualify for a standard loan. Also known as a “V5 loan”, this short-term loan allows you to withdraw the cash from your car by having your vehicle work as collateral against the borrowed money. The lender will have to keep your vehicle’s “logbook” or V5 document and will have the right to repossess your vehicle if you default on payments. You can only get the logbook after the loan is paid back in full. You can borrow between £500 and £50,000 depending on the make and model of your vehicle and this money is typically available within 24 hours of successful application.
Logbook loan has no credit checks, therefore it is an ideal borrowing option for people with poor credit and have been refused a loan everywhere else. Whether you’ve had collection accounts, repossessions, foreclosures, or records as severe as bankruptcy, a logbook loan can help you obtain instant cash easily.
What are the Advantages?
The main advantage with a logbook loan is that you can borrow that much-needed cash regardless of your credit. As long as you can afford the repayments, you can qualify for a loan even if you are self-employed, have had CCJs, arrears, or have been bankrupt.
Logbook loans require very few, and easy to complete requirements. There’s no need to accomplish a lot of paperwork. If you’re a resident of England or Wales, at least 18 years old, and legally own a fully insured vehicle that is outside of financing, you are eligible for a V5 loan. You only need to submit your proof of income, proof of address, ID, your vehicle’s logbook and MOT certificate, and you’re good to go!
You can also keep driving your vehicle even while the loan is outstanding. As long as your payments are up to date, you don’t have to worry about getting stripped of the convenience of driving your own car.
V5 loans also have very flexible payment terms. Depending on your affordability, you can extend the loan’s term or shorten it if you want to get rid of your debt more quickly. Additionally, you can choose between weekly or monthly payment schedules, whichever suits you.
Lastly, your logbook loan cash is instantly available. If you need to pay for something urgent, logbook loan allows you to get your money within the day, and sometimes even as fast as an hour!
Who Needs a Logbook Loan?
Basically, you can benefit from a logbook loan if you have poor or little credit history which makes it impossible to get accepted for traditional loans. As long as you legally own a vehicle in good working condition and have passed the few eligibility requirements, you can qualify for a logbook loan regardless of how bad your credit might seem.
Logbook loan is also perfect if you simply need fast cash. If you don’t want to undergo routine credit checks and don’t have the patience to wait for days or weeks to get your money, a logbook loan will suit you. In less than 24 hours, you can receive your logbook money and start spending it on urgent expenses.
How it Works?
It’s super fast and easy to obtain a logbook loan through GoLogbookLoan. To get started, simply complete our 30 second form to provide your contact details and vehicle information. Reviewing your details, we will match you with one of our trusted lenders and after a few minutes, one of our logbook specialists will call you back with a FREE quote and advice.
Whenever you are ready, we can arrange an appointment for you and the lender at the most convenient time and place for you. Just bring your vehicle’s logbook, MOT certificate, proof of address, income, ID,and insurance details. You should also bring your vehicle to be evaluated, and based on its value, and your current income, a borrowing limit and repayment schedule will be agreed upon. If you like the terms, all that is left is to finalize the deal and you can drive home with your cash in as little as one hour!
We are authorized by the FSA to conduct business here in the UK, and we only work with the most reputable lenders that abide by the CCTA Code of Practice. Keep in mind that our service is free to use and requires no obligation. We are willing to answer all of your questions 24/7, so for more inquiries, you can call us TOLL FREE or simply use our contact form to talk to one of our experts.
Turn Your Vehicle Into Instant Cash Today!
So what are you waiting for? It only takes 30 seconds to fill up our FREE online form in order to withdraw the cash from your car! Contact us today for a fast, FREE, and no obligation expert service!