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Logbook Loans Review

by Jim ONeil on September 8, 2010

in car loans

logbook loans are secured loans against the logbook of your vehicle. These are loans where no credit checks are done and so they are quite popular with people who have CCJs and poor credit history. In fact, they are quite similar to the payday loans but the loan amount is quite high since they are secured against the car.logbook loans review pic

There are several companies in UK today that offer these loans. The features of the loans offered by all these companies are different so it becomes very important to study them closely before applying for a logbook loan with any of them. Reading logbook loans review before applying is always a wise thing to do.

logbook loans review of online companies

Most of the companies that offer logbook loans today operate online so you would find many companies offering these loans when you search for it on the internet. The logbook loans review given here are for some of the best online companies in the country today:

Five Loans

Five loans is an English company which offers logbook loans. The loan amount offered is from 500-50,000 GBP. This is a no credit check loan but is available only in England. The car must not be more than 8 years old and should be free of finance. The company is quite popular and has been known to be quite trustworthy.

EasyMoney

Easy Money logbook loans are also quite popular in UK and the amount of loans offered range from 500 to 50,000 GBP. The car needs to be less than 10 years old and should be almost free or free of finance. The loans are offered UK wide.

LogBook Loans

LogBook Loans is considered to be the largest logbook loan company in the country. The features of the loan offered by them remains the same but the processing time of the company is quite low and cash is paid out within 48 hours of application which is a big advantage.

The logbook loans review of all of these companies are positive and they all have a good track record of satisfied clients. You can apply for all of these loans online and most companies today offer instant decisions about qualifications today.

The application forms are quite short and the processing time is typically shorter than all other loans. If you meet the eligibility criteria, the company would contact you through telephone or email and letting you know about the other formalities to be completed, the documents to be submitted and the forms and the loan agreements that have to be signed.

Always read the agreement carefully before you sign them for your safety.

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