Are you looking for an emergency cash loan to manage expenses for home repair or some other purpose? You have already applied to multiple banks for loan. Unfortunately, all your loan applications have been rejected because of your negative credit history and rating.
There is really no need for you to give up because you are still eligible for a cash loan.
At Connexions UK, we have a loan offer for you that you simply cannot ignore. This type of loan is especially for people like you that need emergency cash. It’s easy to get and the approval process is quick.
At Connexions UK we ensure that you always have access to quick cash when you need it most. We help you borrow anywhere between £500 and £50,000 and we don’t ask for any payments for this service. With us you are able to compare the best logbook loan rates offered by the best lenders in the country.
Logbook loans are short term loans available in the UK for those that otherwise don’t qualify for standard bank loans. You can easily get this loan against your vehicle. The lender will retain your vehicle V5 document or log book till the time you complete the repayments against your loan.
Logbook loans are tailor-made for UK citizens that suffer due to bad credit history or rating but have a vehicle registered under their name. We understand that not every loan customer is a willful defaulter. There are circumstances that are beyond one’s control at times. The banks of the country are not willing to believe this fact, but the providers of logbook loans certainly do. So, if you are one such customer this is the loan that can help you out with a quick injection of cash.
When you apply for a logbook loan it is easy for you to get confused. There are multiple lenders such as Auto Money and others that offer these loans at multiple rates of interest. With us you get the benefit of comparing the logbook loans offered across the country so that you don’t miss out on the best deals.
Logbook loan providers are not loan sharks. They are governed by certain rules and regulations. However, it is important that you choose your lender carefully.
Ensure that your lender is a member of the CCTA (Consumer Credit Trade Association). Member lenders are governed by the Code of Conduct as laid down by the CCTA. If you want a copy of the Code of Conduct please visit the CCTA website or ask your lender to send you the copy.
The APR (Annual Percentage Rate) of logbook loans is higher than traditional loans. The APR can vary from lender to lender depending on various factors. One such factor could be your credit worthiness. When you visit the website of a lender you get to see a representative APR published. This representative APR consists of all charges associated with your loan. The usual practice is to show the representative APR for a £1,200 logbook loan. This APR cannot be less than what the lender expects 51% of its customers to pay as rate of interest. To know more about APR visit the Wikipedia page on this topic.
Are you still thinking about applying for a logbook loan? Go ahead and fill up the online application form. Spend less than a minute on the application process and convert your car into a money making machine.
Click here to connect with our experts at Connexions UK for a FREE and NO OBLIGATION logbook loan service! We are waiting to hear from you!