Using A Log Book Loan

By Author: Edward Thomas
Total Articles: 14
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A log book loan can provide borrowers with access to money when they need it most. The loan can be arranged quickly and the money in the borrower's account within a day or two. What's more, there's no stipulation on how the money is used and because the car is used as security this means that the log book loan is effectively a secured loan and does not require any credit check. Even those with a poor credit history, CCJs, and defaults can borrow as much as £50,000 for up to seven months.

A log book loan is designed as an emergency loan product. It can help plug a financial gap when you are left with little or no money to pay a forgotten bill or to have essential repairs done on the house. You will be expected to repay the loan over the space of between one month and seven months but you can repay early if you find that you have the money sooner than expected.
Anybody that owns their own car and is named on the logbook of that car can apply for a log book loan and with a good chance of being accepted. There are no credit checks which means that even if you have a poor credit history that is chequered with CCJs, ...
... defaults, and missed payments, you can still apply for and receive the money you need for any purpose.

You need to be the legally named owner of the vehicle which means that your name will appear on the log book and the car should be fully taxed and have a valid MOT certificate. Generally, the vehicle should be less than 10 years old and in good working order because this means that the loan company will be able to use it as collateral on the loan you borrow.

It is possible to borrow anywhere between £500 and £50,000 although the actual amount you will be offered will depend both on the value of the car itself and the amount that you wish to borrow. What's more you can find a log book loan with a term of between a couple of weeks and seven months ensuring that you have adequate time to make the necessary repayments.

A log book loan from LogbookLoans247.co.uk can be used to borrow up to £50,000 for a period of up to 7 weeks. Even if you have bad credit you can apply today and have a good chance of having your loan accepted.