Logbook loans have long been considered a quick and easy way to get access to money when it's most needed. However, concerns about the methods used by logbook loan companies has led to a steady decline in their use, and alternative options are rapidly seeing logbook loans become the loan option that is best avoided.
Types of Loans
Logbook loans are a high-risk way to get fast cash when you need it. Outdated legal frameworks make them a dangerous option for those struggling with finances.
The dress, the ring, the cake, the venue, the food; if there’s one thing for certain, it’s that weddings don’t come cheap. When you consider the fact that the average cost of such an event is a breathtaking £30,000, you’ll find it no surprise that most engaged couples budget for years in order to be able to afford their big day.
If you have bad credit, there are still options available when you need a loan. Borrowing against your car, also known as a vehicle equity release, allows you to take out a loan without a credit check, which means your credit rating is unaffected.
Bills and unexpected costs don’t care what day of the month it is. They don’t care if you’re days or weeks away from your next payday.