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02 August 2011
Loans 2 Go is pleased to announce the launch of it latest branch in Sunderland, brining more choice in the area of Logbook loans to the North East. The branch can be contacted on 0191 551 2310.
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17 March 2011
Logbookloans2go offer a nationwide logbook loan service. We have many branches across the United Kingdom, all of which are dedicated to offering you, the best possible customer service and experience whilst getting your Log book Loan. All of our members of staff are just one phone call away, and are always happy to help - just viit our contact page to locate your nearest branch.
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06 August 2010
Log book loans are easier, faster, and cheaper to obtain than other loans, and for these reasons they are in increasing popularity. Borrowers avoid the drawn-out process of valuing the said collateral- which is common with other types of loan. With a V5 logbook loan, everything is so much simpler as the loan is secured on your car.
V5 log book loans are best used to satisfy immediate needs. The log book is used as a collateral so the issuer owns the rights to your vehicle. The v5 tells all the important information regarding the vehicle i.e chassis number, owner details, engine number and so on.
If you have taken a log book loan then you continue to use the vehicle at your leisure, although the lender effectively owns the car as they have the logbook.
Of course, they are always requirment you must have before taking a logbook loan. These include having a stable income, tax and mot on car and other credentials necessary to ensure that the borrower can repay the loan or that the car has potential disvalue.
If the loan is not repayed on time then the provider has rights to reposess the vehicle.
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02 August 2010
There is a lot of financial information available online, if you are trying to make a decision regarding your personal finances, this can be a bit overwhelming. There is also a lot of financial information available for free online these days.
There are lots of websites trying to keep up with the ever changing world of economics. News will be available in blogs and twitter est. before it even reaches 24 hour news and TV networks.
It can be quite confusing considering to quantity of the content and the variance in opinion between personal finance experts. Here are some links to some respectable UK finance websites to help you.
Financial News Financial Times BBC Business Reuters This Is Money Finance Markets
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09 February 2012
Unsecured loans are sometimes referred to as signature loans or personal loans. The lender will give the borrower money without them putting up something for security, a car or a home for example. This way the lender has no way of knowing they will get their money back, unlike a secured loan, such as a car logbook loan, They are also referred to as personal loans because the loaning company checks their personal credit history, to see if the will pay back. In the US they are called signature loans also because the borrower’s signature binds them to the loan.
Someone may have many reasons to take out an unsecured loan. They might not want to put something at risk by using it as collateral. They might not have an asset they can use to secure the loan against.
Some short term personal loans now are given without a credit check on the borrower, payday loans, for example, are popular because people with bad credit rates can get a small cash loan without having to go to the bank. Logbook loans and secured loans work entirely differently, where an object (such as a car logbook is secured for payment
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26 January 2011
A secured loan is a loan where the lender need some kind of way of knowing that they will get a payment, or if not there is a way they can get the money in another way. These kind of loans do not often need a credit check, for there is no need to know if the person is reliable, there can just get the money in another way.
A secured loan, such as a logbook loan, can be safe from people cannot pay their debts. Not only is it good for the lender, because they are sure to get a payment, but for the borrower, because if they try get a loan from a bank they may not have a good credit rate, so may not get a loan.
Unsecured loans are the opposite of secured loans. These loans are where the lender has no way of guaranteed payment, like a traditional loan from the bank. If the borrower has no way of paying, the bank loses their money. This means that they need some way to be sure you can pay off the loan, their way is a credit rate, whenever you get a loan, They check your history to see whether you are reliable and have paid your loans off before.
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12 January 2011
So how can you get the best logbook loan? If you take a loan secured in the UK against your car, the lender will probably refer to it as a logbook loan or a car logbook loan.
When they lend to you they keep your car logbook so they can have a way of paying off the loan if can’t. They keep this until you fully pay off the loan. There are all kinds of lenders and brokers who may give you a specialist logbook loan. Some people simply choose the most local company, but others like to check all the companies for the best rates and interest before making a final decision. The UK has a lot of price comparison sites so most people are aware of the benefit of shopping around to find the best deal. Finding the best deal for a logbook loan is very similar. Some companies offer different deals on their loans and certain benefits vary from company to company. Compare loans deals on a price comparison site anytime.
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29 December 2010
A logbook loan is a loan secured to your car or vehicle by your V5 car logbook (hence the name.) If for whatever reason the borrower can’t pay back, the logbook loaner can gain control of the car using the V5 and sell it to pay off your debt, but, don’t worry, the lender only takes the car logbook, so you can still drive your car around as usual.
Other names that could refer to logbook loans are: loan secured on a car, loan against a car, loan car as collateral, secured personal loans, no credit check loans, car logbook loans, logbook money, and title loans. A company called logbook loans LTD created them several years ago. The idea was a guaranteed loan for people with very bad credit.
People wonder if logbook loans are legal. Most of these people are confusing us with pawnbrokers; the difference is that pawnbrokers keep the item while a logbook loaner just keeps the logbook. So with a pawnbroker, the borrower cannot use the item, whilst the loan is out.
To put it short, logbook loans are secured personal loans that use a vehicle kind of like a deposit.
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05 December 2010
Logbook loans were made to give people with bad credit (for whatever reason) a loan in the UK. The reason the car-logbook loans are so popular is because there is no credit check, so a loan will be given no matter what your credit history. The only thing you do need is a car or vehicle and its log book.
A logbook loan will give you a loan quickly and easily because they are no credit check loans, and they will issue the money within 24 hours. Anyone who needs cash quick but can’t get a loan can go to their local logbook loaner and get logbook loans.
Small businesses also find it helpful to get a logbook loan. Companies are finding it hard to get loans in the current economical crisis, so why not get a logbook-loan to stop your company form going bankrupt. After all, it’s not their fault that they can’t get a loan, in the current economical situation.
A logbook loan can be up to £50,000 borrowed (depending on your car), so people can pay for things like holidays or products. There may be a deal on offer and someone needs cash quick, the offer ends before payday, so a car logbook loan would be very convenient.
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21 November 2010
People who have bad credit rates have a big problem: finding a loan. A new kind of loan called a logbook loan is specifically made for people who have made mistakes in the past or who have not paid off their loans in the past (so they have a bad credit rate) but know they can pay off another loan. The problem is now they have a bad credit rate they can’t get a loan. A car logbook loan doesn’t need a credit check, because it’s what’s called a secure loan, this means that the lender keeps hold of the borrower’s V5 car logbook (which is obtained on purchasing the car.) If, for whatever reason, the borrower doesn’t pay off the logbook loan, the logbook loaner can gain control of the borrower’s car and sell it for a price that would pay off the debt, of course, the car logbook loaner would only sell the car as a last step, he would try to help the borrower first or arrange something.
The only reason car logbook loans were created is because people with bad credit rates can find it hard or impossible to get a loan. Some people who know they can repay their loan, but have not done in the past cannot get a loan, so they go to car logbook loan companies for a guaranteed loan.
One reason for making a logbook loan is that the borrower has more than one debt and wants to consolidate them and pay them all off in one go, also, the loans can help business or just people in a financial emergency. Logbook loans will not ask why you are taking out a loan, so don’t worry if there is a very complicated reason.
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07 October 2010
Logbook loans available to everyone, whether you have a poor credit rate or not, it’s a kind of loan secured on a vehicle, the car (or vehicle) is extra security, so just in case the borrower doesn’t pay off the logbook loan ,Because the logbook loaner has control of the car logbook, they can gain possession of the car and sell it to pay off your loan. This means a loan with no credit check is popular with people who have bad credit for whatever reason. The borrower can keep the car during the time he has the money, and the car logbook is required by the logbook loans company.
To find out how much you can borrow from a logbook loans company, fill out the online application form now. You need to physically posses and hand over the V5 car logbook for the car that you are applying.
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23 October 2010
All UK logbook loan companies have an easy to use, quick, online application form. No questions asked. Even if you are unfamiliar with computers or the internet, It is still easy to fill out a car logbook loan online application form. It only takes a few minutes to fill out each form and you will be asked very simple questions about your car and yourself. You will still, however, need to bring in your V5 car logbook into the branch.
First, you will be asked your person details (things like contact details) like your name, e-mail address est. So that the logbook loaner can distinguish between you and other borrowers.
Then they will ask you for some basic information about your current situation. The logbook loan lender needs to know how you will be paying back the loan. But don’t worry, we won’t ask why you need the loan.
Last, they will ask you some simple questions about your car and logbook. They have several reasons to ask this, the Car Logbook Loaner will ask how old your car is. Classic cars or prestige cars have a greater value than most cars, and will get you a larger amount of money. Logbook loans are correlated with the market value of your car, and they need to know how much your car is worth before they lend anything.
Most logbook loan lenders will call you back within about 2 hours, so they may ask you a preferred call back time, as the lender needs to discuss your needs.
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09 October 2010
A logbook loan is a secured loan on your car or vehicle. The logbook loaners keep the V5 logbook, which is obtained when you buy a car (or vehicle) until the loan is fully paid off by the borrower. This kind of loan is called a car logbook loan because the document is usually called your car logbook. Why keep the logbook? A car logbook loaner is, by keeping hold of the V5 logbook securing the loan and taking no risks in making sure he gets a full payment. The borrower can keep his car and drive around, unlike a pawn broker, but, like a pawnbroker, the logbook loaner can legally gain possession and sell the car if the loan is for any reason not paid off. Please keep in mind that this is a drastic measure for the logbook loaners, as this is an expensive business and they will try to help you out first and arrange some kind of deal.
The borrower can take out as much as the car-logbook loaner is sure that the car will sell for. The lender will only take the time and money to sell your car as a last resort; this is what many people fail to see.
Logbook loans
have many differences to other loans. Obviously, the loan is secured on the car or vehicle, this and there is a guaranteed payment and the no credit check or changing your credit rate.
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27 September 2010
A logbook loan is a loan secured on a car, or another vehicle. The logbook, which is kept by the car logbook loaner makes the loan secure, like a pawn broker, only you can keep your car and drive it around, but the car logbook loans companies have legal possession over your car, and you cannot sell it while you don’t have a logbook. Hence the name “logbook loans”. Selling on your car, however, is a drastic measure for logbook loan companies.
The purpose of a logbook loan is to supply credit to people with poor credit rates. By taking the car logbook, the lender is simply not taking any risks and securing the loan.
People take out logbook loans for all kinds of reasons, the main being above. If someone cannot get a loan from a traditional loaner, why not simply get out a quick, secured loan from a logbook loaner? A traditional loan could be impossible to take out in the current recession. And you may not even be able to get al loan with the bank you have banked with all your life. Don’t worry; many other people are in the same situation. This is why car logbook loans and payday loans (see our payday loans blog post) our becoming increasingly popular.
Small businesses often find that a logbook loan is the only way out of a critical situation. Their company could go bankrupt if they don’t get a loan quick, and the banks won’t lend them due to the current economical crisis.
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13 September 2010
The car logbook loan is secured, which means there is no reason for a credit check. If the loan is secured on your car, and the borrower for some reason did not repay, then the logbook loaner can gain possession of your car and sell it, to pay off your loan. So the loan is secured on your car.
The logbook loan companies only do this as a last resort, there are many steps they will take before selling your car, as there is a lot of hassle and it can be an expensive process, if you are struggling to repay, they will try to help first, and make arrangements, rather than pay off the loan with your car.
Why and what is a credit check?
A credit check is for banks to check if you have repaid your previous loans and if they were paid on time.
Car logbook loans don’t need a credit check, the lender takes the risk out by securing it on a car. The bank is taking a risk with their traditional loan, and so is the lender, as he might not get paid. A Logbook loan is a win-win for both lender and borrower. The borrower can definitely get a loan and the lender can definitely get a payment.
Why logbook loans and other no credit check loans are so popular
If you think you have bad credit, for any reason, you will probably be refused again, thus making your credit history EVEN worse. If you give up on banks altogether, this makes you vulnerable to local pawn-brokers and loan sharks, who would make your situation even worse. Logbook loans are a guaranteed loan with a guaranteed payment. You get to keep and drive your car as usual, not like a pawnbroker, where he would keep the secured item.
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30 August 2010
Payday loans are very different from car logbook loans. Both kinds of loan are very popular because of the no credit check, which speeds it all up and makes the loan easier to get. If a person has made a mistake in the past or for any reason has a bad credit rating, logbook loans and payday loans can get the money you need, but both work very differently. Let’s compare the two and see which one suits you best.
The amount of money you can borrow is a great advantage to logbook loans. A logbook loan can give you up to £50,000, it all depends on the value of your car, but a payday loan gives you only about £750. With a payday loan, if something went wrong and you couldn’t repay the loan, you could lose your house, but with a car logbook loan, all you lose is your car.
The main advantage of payday loans, however, is that you do not need to own a car to get one, this, and the whole thing can be done online. You don’t even need to go into a local branch to get one, unlike a logbook loan. The smaller amount of cash means that the loan is easier to pay back quicker than car logbook loans which can be taken out for as long as a year. Payday loans can be repeatedly taken out as long as you can show you can pay off the loan.
Payday loaners only lend about £750 per month, so people needing a larger amount of money will be happier with a car logbook loan.
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01 August 2010
If you have a bad credit rating, it can be near impossible to get a loan. When a bank or other lender does a credit check and finds a low credit score, they reject the applicant. This can be very annoying and frustrating for people who desperately need a loan, especially if the borrower has made mistakes in the past.
Car logbook loans, is a new type of loan product where many lenders offer no credit check loans. They can offer this becuase they lend against the value of your car and the V5 car logbook is handed over to the lender. Anyone in the UK selling a car must have this logbook.
A car logbook loan is a kind of loan secured against your vehicle. The lender keeps the logbook until the loan is paid off. You can keep your car and drive it. In the event of defualt the lender can gain ownership of the car. Most people, of course, repay the loan and keep their car; this is the last resort for a logbook loaner.
However, care should be taken from companies offering to lend money with no credit check because they may not take care to ensure you can repay the loan.
If you get a logbook loan, the lender will take your logbook as they lend you the money. So you only give your logbook once you have the money.
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27 July 2010
Welcome to the logbookloans2go blog. We will update this page frequently with another of our blog posts, each one about another aspect of carlogbook loans. Just check our archives to the right to find the latest post.