There are absolutely no hidden fees or charges and you could have your money within just 1 hour of approval. Mobile Money is a broker not a lender. We have a panel of logbook lenders who may pay us a small commission for introducing you to them. Late repayment can cause you serious money problems. Your vehicle may be repossessed if you do not keep up repayments on your loan.
For help, go to moneyadviceservice. Logbook loans use your car or vehicle as security. Using your car as security means that you can get a better interest rate compared to some other forms of credit. Call us directly on If you are happy with your quote and want to go ahead with your loan one of our lenders will help you through the application process…. They even do all the paperwork for you! Your cash could be with you in less than 60 minutes!
To secure a loan through Mobile Money you must:. To be used as security your car must:. If you cannot get approval to borrow your initial loan amount we may be able to find you a smaller loan with more affordable repayments or we may even be able to find you an alternative lender that does not require security, however our first aim is always to find affordable loans secured against the logbook of your car or van.
A Logbook loan is a convenient way of borrowing money that uses your car or vehicle as security. Using cars as security against loans can allow you to get better interest rates compared to some other forms of credit. The amount that you will be able to borrow will depend on how much you can comfortably afford to repay each month.
For help, go to moneyhelper. Home » Logbook Loans. A logbook loan is a variety of loan designed to help people with cars get access to loans. Using your car as collateral, a direct lender will provide you with a loan. How much you can borrow depends on your needs and how much your car is worth.
The more your car is worth, the more money you can borrow. Also, most reputable lenders will require you to get your car independently valued. It means that the lender will temporarily own your vehicle. You can, of course, continue to use your car as usual and when the loan is repaid in full, the lender will return the logbook to you and the car is yours again.
Logbook loans are usually paid by cheque and take several days to clear. While some lenders may offer a quicker cash alternative to this, there are likely to be fees involved. If you have been declined for a loan and you own your own car, you can use this as collateral to get the money you need quickly. There are various types of logbook loans available, with many now found online.
The majority of these loans are usually required to be repaid within approximately 36 months. So, whatever the vehicle — a car, van or motorbike — Car Cash Point can help. Fill out the application form today to see if you could get a Car Cash Point logbook loan online — fast.
Applying for a logbook loan is extremely simple. You can phone our offices for free, which are open Monday — Saturday 8. Anyone applying for a loan against their car from Car Cash Point must live in England, Wales or Northern Ireland, and be the legal owner of the vehicle they wish to obtain the loan on.
The vehicle must be taxed, fully comprehensively insured and free or almost free of any outstanding finance. Once we receive your application, one of our experienced team will contact you to go through your details on the phone to ensure you can afford to repay the loan. They will check the vehicle and help you complete the paperwork. Once everyone is happy to proceed, the application is completed and you can receive your cash the same day.
The repayment period will be agreed upon between you and the lender. One of the best things about a logbook loan is that the loan provider will not require you to hand over your car at all.
You will be free to keep using your car as you continue to service the loan. The only way you can lose ownership of the car is if you default payment.
As long as you are paying your monthly instalments as agreed, you have absolutely nothing to worry about. Whether you need financing for your business or for personal reasons, it is important to explore all the options available to you. This type of loan could be useful to those with a poor credit history.
The onus is on you to decide whether this loan is appropriate for you or not. While there are people who have reaped the benefits of the loan, there are some who struggled to repay for various reasons.
Always weigh all your options before making any decision. If bad credit is preventing you from getting approved for other types of loans, you could consider taking out a logbook loan.
0コメント