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Exactly What Are Logbook Loans?

A Logbook loan is a convenient method of borrowing cash that utilizes your automobile or vehicle as protection.

Utilizing automobiles as secure deposit against loans makes it possible for you to receive better rates of interest when compared with other kinds of credit. Loans guaranteed against automobiles / vehicles utilize a document called a “Bill of Sale”. A Bill of purchase enables you to keep control of the automobile while you repay the mortgage – the financial institution just keeps your hands on the car’s logbook (the logbook can also be referred to as the V5 document).

The total amount you can comfortably afford to repay each month that you will be able to borrow will depend on how much. The worth associated with automobile getting used as safety additionally impacts the total amount we can lend you because it should have a higher enough trade value to pay for the total amount of credit you’re borrowing.

Who will be Mobile Phone Cash?

We have been the longest founded logbook financial institution in the united kingdom with more than two decades experience that is.

Mobile Money are authorised and managed because of the Financial Conduct Authority (FCA) and also as people in the buyer Credit Trade Association we run by a code that is strict of.

Our aim is always to be sure we support you in finding credit this is certainly affordable and that may be inside your spending plan, even although you might have skilled some bad credit dilemmas into the past.