WARNING: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Logbook Loans

Logbook Loans

Are you interested in a logbook loan? A logbook loan is another type of secured loan, in which you use your vehicle as collateral.

If your answer is yes, it is time you contacted us at Pixie Loans; one of the top-rated loan brokers in the UK available at your service.

What is a logbook loan?

A logbook loan is another type of secured loan popular here in the UK, where you can borrow a sum of money by presenting your vehicle as a security.

For people who find themselves in an unexpected situation with an empty pocket, a logbook loan borrowed through Pixie Loans can be beneficial at a time like this.

We have lenders who’ll happily lend you loan amounts ranging from £100 to £3000, depending on the amount you require to fulfil your needs. 

But can you still drive your car when you have acquired a loan over it?

This is what makes a logbook secured loan an easy catch. Within a short timeframe, not only will you be handed over the cash by our lenders but also be able to keep your car on the road.

Consequently, you do not have to give away your car to the lender in return for the loan amount.

Although, a key point to remember is that if you fail to repay the amount within the required time frame, the lender will be allowed to take possession of your vehicle. That is, the vehicle presented as the security against the loan, in order to pay for the remaining amount.

Do you need to own a car to apply for a secured logbook loan?

Yes, absolutely!

People who own a car and need quick money are eligible for the application. Regardless of whether you’re employed or unemployed, if you own a car, you can visit Pixie Loans and apply. Although, generally speaking, lenders will look on you more favourably if you are employed.

Representative 546.1% APR. Representative example: £200 repaid over 3 monthly instalments of £134.76. Total charge for credit £404.27. Interest £204.27. Interest rate 546.1% (fixed)

Can a person with a bad credit rating apply for a £3000 loan against their vehicle?

Yes, why not?

We at Pixie Loans have helped people acquire a loan even with a bad credit score. When applying directly with a bank for a loan, your score may lead to rejection. With us, this may not be the case.

Lenders teamed up with us wish to help people in their bad times. Of course, only after evaluation of your affordability do we connect you with lenders. They will then perform a credit check.

For this reason, if you drive a car but fear getting rejected based on your credit rating, we suggest you apply for a logbook loan through us. We’ll make sure to connect you with the best lenders and if you’re eligible, you could acquire the loan quicker than you anticipate.

Pixie Loans specializes in helping borrowers acquire quick, secured loans that help you compensate for any financial needs incurred recently. Therefore, if you find no one else extending a helping hand, know that we are here to guide you through!

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