Pros and cons of Logbook Loans

The short-term financial loans are very popular in the entire world today because they provide quick solution to your financial problems. The Logbook Loans are increasing every year and it is not surprising. We know how much this is helpful to the UK residents and we are happy to help.

Pros of Logbook Loans:

  • You can easily apply and get a Logbook Loan. The application process doesn’t take a long time and you don’t have to do a lot of paperwork. Maybe it was different in the past, but today in 21st century, Logbook Loans are becoming more and more popular because of that. It is very simple and easy to apply. All you need to do is fill out the form or contact us using via phone or e-mail and we will help you get the amount of money you need.
  • There are no credit checks.
  • You can get a Logbook Loan even if you have bad credit rating. As long as you have a car registered under your name and you are over 18 years old, you can apply and get this loan! It does not matter if you are self-employed or bankrupt. You are eligible to apply as long as you meet the requirements.
  • You can choose any amount you want. Yes, you choose the amount you want to borrow up to half of your vehicle’s worth. Unlike most of the loans offered through banks and mainstream lenders, you can set the amount on this one.
  • You can visit your favorite country within 24 hours from the minute you apply. Our team is working 24/7 to help you connect with the best lenders on the market. We will set an appointment for you and if you agree with the offer, you can have the money within 24 hours!
  • You can use the money for anything you want. There are no restrictions! If you want to travel, then you can use your cash for that purpose. You can use it for your wedding, you can go watch your favorite team play in a foreign country. You can use the money for anything, anything you want.

Cons of Logbook Loans:

  • If you don’t make payment on the due date, your interest rate gets higher.
  • Since there is no checking of credit history and our lenders offer loans regardless of the credit rating the interest rate is higher. That is to compensate for the risk of giving the loan.
  • We only offer Logbook Loans for UK residents over 18 years old that have a car registered under their name. If a person doesn’t meet these 3 requirements, cannot apply for a Logbook Loan using our website.

Overall, Logbook Loans are great to help you get back on your feet. The list of pros is much longer than the list of cons so it is not a surprise they became very popular and used in the 21st century. Choose the amount you want to borrow and apply for a Logbook Loan. If you need money and you meet the requirements, you are on the right place.