subject: Logbook Loan - Get Cash in a Much Simpler Way [print this page] Logbook Loan - Get Cash in a Much Simpler Way
There can be a time when you really need some cash and guess what, you don't have it. Now people start waiting for the month to end fast so that they can get their salaries but by the time all your needs can vanish in the air. But now you can also generate funds when ever needed with the help of logbook loans. These loans are easily available and there is no credit check which makes it more popular.
To get car log book loans UK, your vehicle must be less than eight years old and there should be no financial claim against the vehicle. Borrower should make sure that all the taxes and insurance payments are fully paid before pledging the logbook.
Logbook is a document which contains the information related to vehicle owner, insurance details, vehicle number, chassis number registration paper etc. This legal document is issued by Driver and Vehicle Licensing Agency, while the logbook loan is a loan provided to an individual with logbook kept as collateral. It is the easiest way of getting money by putting logbook as a security. However there are few things which you need to keep in mind, these conditions are:
You should be a UK citizen
18 or above years old
Your name should match with logbook owner name
You should have a fixed monthly salary
Before applying logbook loans you should understand all the requirements and follow the instructions carefully. One more thing, you are also supposed to make proper re-payments. In case, you fail to make the re-payment then the duration of payment can be delayed by the lender but for that you have to pay extra as a penalty.
Now those who are suffering with bad credit history can also get these loans easily. Now if you are willing to have these loans by your side without any hassle, then you must prefer online mode. This is the best and fastest way of getting logbook loan, all you need to do is to fill an online application form. No credit check, no much formalities and the amount will be transferred in your account itself. Now you can have a big amount in a very short period of time. These loans are perfect to sort out your short term problems without any risk involved. So don't wait much and make the most of this fabulous opportunity.
