Logbook loans- instant cash against your vehicles logbook
Getting financial assistance in UK market is no longer a difficult task either you are non-homeowner or bad credit borrower. Now, individual can easily avail the decent monetary assistance firmly if he/she owns a car or vehicle. Logbook loans have come into existence to help people in all possible manners. In this loan category, consumers pledge the logbook or document of the car or vehicle as collateral against the cash amount. This loan is also known as loans against car in United Kingdom. However, vehicle owner does not loose the ownership. First of all, it is mandatory to know the exact meaning of logbook. It is a important document of car which contains vital details of vehicle like registration number, chassis number, owner name, color etc. With this document, you can drive the vehicle or car in any state of United Kingdom.
In logbook loans, needy person pledges the logbook as collateral against the loan and he/she still has right to use the car or vehicle for personal or commercial purpose. This loan can help you in many ways like home improvements, debt consolidations, holidays, wedding, education, business, credit card payments, hospital expenses etc. Here, loan seekers can derive any amount ranging from £500 to £50000 as per the need or requirement. Lenders set up the repayment duration and repayment as per the repayment capacity of borrowers. As a result, people do not face any financial trouble in repaying the borrowed funds. Bad credit consumers can also obtain this money in spite of adverse credit score. Yes, lenders do not run credit check or do not check past credit records while approving the application.
To get the fast logbook loans, you need to comply with following conditions:
- Age of car should not be more than 8 years old
- Age of applicants should be 18 years old or more
- Logbook owner and loan borrower should be the same person
- Vehicle or car should be free from insurance dues, financial claims, and taxes
- Applicants should have regular income source and UK citizenship
Gerry Parker is an expert author and has more then 7 years of experience in writing finance related topics. To know more about
Article Source: Messaggiamo.Com
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