“Stigma Of Bad Credit Is Not A Barrier To Logbook Loan,” Says Leading UK Provider
LogBookLoan.org.uk, a well-established UK based loan lender offers reassurance that the stigma of having a poor credit rating or CCJ does not prevent people from obtaining a logbook loan.
A spokesperson from LogBookLoan.org.uk said: “In these challenging financial times, increasing numbers of people have fallen behind on mortgage, credit card and other credit repayments as they try to meet their monthly expenses. It’s a frustrating vicious circle for many people with poor credit ratings, and they find it more difficult to obtain credit even though their need for finance is greater.”
“This is why we do not discriminate against customers who may have CCJs, arrears or defaults on their credit file. We understand that everyone is feeling the pinch these days and we want to make out logbook loans available to help these people meet their expenses.”
When asked about the process of applying for and receiving a logbook loan, the LogBookLoan.org.uk spokesperson said: “As we do not run credit checks on potential customers, the entire process is expedited. Essentially, if you can answer “Yes” to three questions, you could effectively receive the loan funds within 24 hours. Provided you are the vehicle’s legal owner, the vehicle is under either years old and is clear or almost clear of any finance, subject to affordability, you may be approved for logbook loans.”
“The whole process is quick, friendly and confidential. You can even apply online from the comfort of your own home. Many people are realising that their vehicles can help them unlock a new world of finance possibilities, with comfortable and manageable repayments. Logbook loans really are the way forward for credit.”
LogbookLoan.org.uk was established ten years ago to provide loans for UK customers secured against the value of a vehicle such as a car, motorcycle, van or any other type that has a log book. This proof of ownership is held in exchange for the loan funds and held by the lender for the duration of the loan, while the customer continues to use their vehicle as normal. Upon complete repayment of the loan, the customer received back the logbook.
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