What are Logbook Loans and How It Works?

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Logbook Loans

• Find more information
• http//www.logbookloanshelpline.co.uk/

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What Are Logbook Loans?

• Logbook loans are modern approach to arrange cash
  against the security of logbook of your car. It
  has been observed that traditional lenders avoid
  to approve loan applications of lenders who are
  risky consumers such as CCJs, bad credit,
  unsecured loans etc. Those who agree to grant
  finance often impose high interest rate and
  strict repayment terms that make the borrowing
  costly and harassing for the borrower. Logbook
  loans are proper solution to arrange cash with
  any adverse financial situation at simple
  repayment terms and lower rate of interest.

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What is Logbook?

• Logbook loans are secured against the logbook of
  a car or vehicle. Actually logbook is a
  registered document that contains the details of
  car and some personal information of car owner.
  It is also known as V5C or vehicle registration
  certificate. It proofs the legal guarantee of
  car owner over the car. It has some details such
  as chassis number, engine number, physical
  details of the car etc. In case of any changes in
  parts of the car you may visit DVLA to get new
  V5C of your car. Registered keeper of the vehicle
  will known as the legal owner of the car.

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Who qualifies for logbook loans?

• Applicant must be registered owner of a car
• He must be above 18 years of age and below 65
  years
• Permanent residents of UK are only eligible
• Applicant should also have steady income source
• He must be able to pay back the amount in time
• People with bad credit can also get cash through
  this option

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Facts about cars in logbook loans

• Car used for logbook loan should not be older
  than eight years
• It should be fully taxed and insured
• You must have MOT certificate for the car
• Car should be free from any financial liabilities
• You must have logbook for the used car

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Logbook loans working procedure

• It works on very simple procedure. In order to
  get logbook loans, you need to find a lender,
  visit the company and submit the loan application
  with the details of loan amount that you want to
  borrow along with personal information. Do not
  forget to attach the required documents like
  original copy of logbook of your car, age proof,
  income proof, residents etc. These things will
  help to get approval faster. If everything is
  according to terms then lender will prepare
  repayment terms according to your ability and if
  both parties agree with the same then you will
  get the amount instantly.

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Logbook loans advantages

• Easy borrowing option even for bad creditors
• Free from bad credit checking like CCJs, low
  credit, bankruptcy or insolvency
• Flexible repayment terms and lower rate of
  interest
• High borrowing limits up to 25000
• No charge for early repayments
• Full freedom to drive your car even during loan
  period

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Paying back logbook loans

• Repayment terms of logbook loans are flexible and
  depends upon repayment ability of borrower. You
  can pay back the amount according to the terms.
  If you want you may also settle your debts early
  to save money in long term without any early
  repayment charges. Once after paying back the
  amount in full, you will get back the logbook of
  your car that ensures your full ownership over
  the car. In case of non repayment of the amount,
  lender can claim over your car. So, try to pay
  back the amount according to terms.

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Fulfill cash needs with logbook loans
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Thank you for visiting !!!

• Find more information
• http//www.logbookloanshelpline.co.uk/