Why I Got A Logbook Loan
I’d like to share a little bit of a personal story that I think will help out some of you regarding Simplelogbookloan.co.uk. It was not too long ago that I was in need of a little bit of money. I won’t get into why, but let’s just say it was enough that I simply couldn’t ask my friends if they could help me out. And unfortunately, my credit score at the time was less than ideal. This kept me from going to a bank, as I knew that they would deny. So instead, I need to find a new alternative. After exploring all of my options, I decided to go with a logbook loan. A logbook loan is a great loan option for people with poor credit score for several reasons.
The first reason that I liked a logbook loan is that they didn’t check my credit score. I knew my score wasn’t good, and so getting a loan from a place that wasn’t going to check mine was certainly ideal. Instead they looked at my financial history and simply checked to make sure I had an ability to repay the loan. With this requirement satisfied, they were able to approve my loan request.
This leads to the second reason I went with a logbook loan – not a lot of requirements. Basically if you are a legal resident of the UK, at least 18 years old, and the legal owner of a vehicle, you can get a logbook loan. There are no complicated forms, and no lofty requirements. The lenders know they are dealing with people who probably have low credit scores, and so they aim to make getting a loan as easy as possible.
The third reason I went with a logbook loan is that the application process is very quick. For most lenders you just need to answer a few questions, and if you are approved, you will have your money within 24 hours. I didn’t have time to wait for the money to come in, and so finding a place that paid out so quickly was definitely a bonus. I was able to withdraw the money from my bank account the next day after filling in the application, and use the money how I needed to.
Lastly, and maybe best of all, is that I got to keep using my vehicle throughout the loan. I needed a car to get back and forth to my job, and without it I would have had a hard time paying back the loan. Instead I got to keep my car and my life continued on as normal. If you need a loan that won’t disrupt your daily life, a logbook loan is a good way to go.
As you can see, a logbook loan was the best option for me. If you are looking for a bad credit loan, I highly recommend looking into one of these kinds of loans. There are many benefits, only some of which were mentioned above. No matter what you go with, just make sure you do your research and compare your options. If you can do this, you should end up with the loan that is right for you.