Logbook credit; the easiest access to ready cash

Logbook loan is a phenomenal success in the United Kingdom today. Individuals in emergency need for cash prefer logbook loans over other forms of finances such as payday loans.

Normanton, United Kingdom (prHWY.com) June 26, 2012 - Logbook loan is a phenomenal success in the United Kingdom today. Individuals in emergency need for cash prefer logbook loans over other forms of finances such as payday loans. This is because it is the fastest and the swiftest mode of loan one can avail. And of the many logbook loan providers that are established in the market, Logbookcredit.com fulfills the demands and needs of their customers the most efficiently.

We all would know that a logbook is the legal proof that a vehicle belongs to a particular individual. It contains all the details about the vehicle. For example, the owner's name, the date of registration, the unique chassis number etc are included in the V5 or the logbook of the car. Logbook loan is basically a loan that one can obtain against his or her car's logbook.

Lenders like us who offer a loan against the logbook of a car are specialized in dealing with financially downright people. Hence, the credit history of an applicant is never checked with prime importance. It is rather not taken into consideration at all. All the prospective borrower needs to produce are proofs of,

1. A permanent source of income
2. Being of 18 years of age or above
3. All finances and taxes against the car has been cleared

The vehicle undergoes an evaluation and on the basis of that the loan value is decided. After the loan has been approved by the lender, it is interesting that even then the owner of the car can enjoy its benefits. Only if there is a failure on the borrower's part to repay on the decided terms will his car be confiscated.

The vehicle that is being kept as collateral cannot be more than 8 year old. Insured cars are always given a preference over the uninsured. When a loan has been approved the borrower needs to keep on paying the premiums and taxes on it. The driver who drives the car will have to carry his license always and needs to pay all the toll taxes etc while on the drive.

The owner of the car however will not have the liberty to sale his car to a party until and unless he has repaid our debt. This is because it will be illegal to change ownership of a vehicle when it is still under the loan period.

The maximum time we might take to issue a loan in logbookcredit.com is 24 hours. We offer about 50% of the vehicle's value as loan. Yet the maximum limit of the amount we offer is £ 50000. The main features of our service that make us exclusive and unique are,

* No credit score verifications
* No impact on your credit ratings report
* Swift and quick
* Confidentiality stringently maintained
* Almost immediate access to the money required
* No intrusion on the use of the vehicle
* No stress placed on you to repay the loans
* Not huge rates (800% APR elsewhere)

Hopefully it is evident from this content that logbook credit is the best available option for those who want quick access to money. Our website http://www.logbookcredit.co.uk will offer you all the more information on our company, services and quotes.

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Tag Words: logbook loans uk, logbook loans

Categories: Finance

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