So what exactly is a logbook loan? Here's how it works. With most loans out there, you use your credit score as a way to let the lender know that you can be trusted to pay back the loan. If your score is too low, then you have no way of proving this to the lender. The lender will then want some other way to ensure that you can pay back the loan. With a logbook loan you use your car as collateral to secure the loan. You can usually borrow an amount that is up to half of your vehicle's value, and then you work out a payment plan to pay it back.
Once you have decided that you need to get a loan without the use of your credit score, there are several reasons why you should consider going with a logbook loan. The first is that they are very easy to get. There are not a lot of requirements needed to get a logbook loan, usually just things like being a legal resident and owning a suitable vehicle. It also does not take very long to secure a logbook loan. For instance, with our site, once you complete the application, we will inform you if your loan has been accepted and pay out the money within 24 hours. This makes it perfect for people who are desperate for the money now and don't have time to wait. Lastly, even though you are using your car for collateral, you get to continue driving it for the duration of the loan. This means that your daily life will not be interrupted just because you needed to take out a loan.
Essex and Southend makes getting a logbook loan easier than ever before. On our site you will find a quick application that you need to fill out. Once you do, you will be contacted by one of our representatives. From there it is only a short time before your loan is processed and the money is deposited into your bank account. We take pride in being able to provide our customers with great loans in a reasonable amount of time. We know that you don't have the time to wait, and we do everything we can to get you the money you need, when you need it.
Don't let a bad credit score keep you from getting the funds that you need. With our help, you can have a loan in your hands in just a matter of hours. All you need is an eligible car, and you can use it to secure a loan. Contact us today to get started and see how easy the entire process can be. We promise that you will be so satisfied with our service, that you'll wonder why you hadn't come to us sooner. Thank you for visiting Essex and Southend, and we look forward to helping you get a great logbook loan.