Here at MoneySpace we understand that it’s not always easy to loan money when your credit report isn’t great. That’s where we come in! We could help you to find a logbook loan provider who will help you secure the money you need to borrow against your vehicle.
What is a logbook loan?
A logbook loan is a loan that is secured against your vehicle. You can borrow money based on the value of your vehicle, the lender keeps your logbook until you have repaid the loan in full. For the duration of the loan, the lender is the owner of the vehicle, don’t worry though you can keep driving your car as normal.
If you have been refused credit elsewhere a logbook loan could be the perfect solution for you.
How much can I borrow?
With a logbook loan you could borrow between £250 and £50,000. This is all dependant on the value of your vehicle.
How can MoneySpace help me?
By filling out our simple form, we will put you in touch with FCA authorised logbook loan brokers who will help you find the best loan solution for you.
Benefits of a logbook loan
The main benefit of taking out a logbook loan is that lenders consider all credit. If you have poor credit or have been refused a loan elsewhere, there could be a tailored logbook loan solution for you.
Even though the loan is secured against your vehicle, you get to use your vehicle as normal. As long as you can keep to your repayment plan, your vehicle remains in your possession.
Logbook loans are a quick way to get the cash you need, just fill in our simple online form and speak to a lender today.