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The demand for immediate short term credit is growing rapidly and recent evidence from lenders indicates that approval rates for loans are at an all time low. It is argued that the low approval rates are due to a combination of the individual's credit history and ability to repay and/or the suitability of the security. This suggests that there are still a significant number of individuals whose credit needs remain unfulfilled.

The newest and most promising method of securing an immediate cash loan for customers with bad credit history or even made bankrupt is a logbook loan. This type of secured lending has quickly become a popular choice among borrowers because of its low risk and available of an immediate cash loan. Continue reading "New Short Term Loans against Your Car" →

A log book loan is a type of secured loan. These loans are secured on your car or other vehicle. The borrower will look to release the cash from his or her car by using it as collateral. If they fail to repay the loan then the lender can seize and sell the car in order to get back whatever money they are still owed. This lessens the risk to the lender who is then happy to lend and issue the loans within 24 hours of application. The lender will retain the owners V5 Logbook for the duration of the loan until the customer has re-paid in accordance with the loan agreement. Continue reading "A guide to a Logbook Loan" →

Car Cash Point, the UK's Logbook Loan specialist has now joined the panel of Compare Logbook Loans.

Compare Logbook Loans is the UK's number one price comparison website dedicated to logbook loans. On the site customers will find reviews and comparison tables of the best Logbook Loans in the UK. The site reviews price, maximum loan amount, available countries, maximum age of car, whether you need a credit check and all the other factors you need to think about before getting a logbook loan. Continue reading "Car Cash Point joins the panel at comparelogbookloans.co.uk" →

Car Cash Point, the UK's Logbook Loan Specialists has welcomed the Government's announcement that the industry will be working to a new Code of Practice from this month. A log book loan allows drivers to unlock the cash in their vehicle, providing secured loans against the car, while the customer continues to drive it. Car Cash Point has been working with the Department of Business, Innovation and Skills (BIS) to ensure best practice and regulation is adopted across the industry, where bills of sale are used. Continue reading "Car Cash Point Welcomes Industry Code of Practice" →