Logbook loans are slowly becoming more and more popular in the country with those who have bad credit scores since these are no credit check loans and even those with CCJs or bankruptcy in their past history would be eligible for these loans.
If you need financial assistance, you can apply for V5 car logbook loans easily as long as you have a valid log book and are the owner of a vehicle. Getting loans is never really an easy task, especially for those who have a problem with their credit history. If you have a financial crisis to take care of, then you can use your logbook to apply for V5 car logbook loans.
Features of V5 car logbook loans
V5 car logbook loans are available for all types of vehicles, if you have a legal logbook. You would have full independence and use of your car and would still get cash for use when you need it for a holiday, for paying bills or for any other type of expenses that you need to take care of. V5 car logbook loans are available to everyone, even to those who have been rejected by other lenders. You would need to have a logbook and can get cash from 500-20,000 GBP on your logbook.
The amount for which you would be eligible would depend on several factors. The customer service offered by the company is quite friendly and helpful.
For applying for V5 car logbook loans, you can visit the website of the company and apply online. There is a short application form where you will have to fill up your personal details and submit it. The company representative will get back in touch with you. The processing time of the company is quite low, unless you have supplied incorrect information.
Ensure that you fill up all the details correctly so that there is no delay.
There are a few benefits of going for V5 car logbook loans like no administration fees when you apply. Those who settle their accounts early also get a few good discounts which are quite helpful. Depending on how quickly you pay the loan back, the interest charges can be quite low.
However, if you take the loan for a long term, the total charges that you would be paying are considerably higher. The company does not conduct any credit checking so the processing time is very short and approvals are given on the same day.
The other features of the V5 car logbook loans remain much the same as any other logbook loans. There are a few good advantages of going for these loans like the discounts for early settlements and no administration fees which can help you save some money.