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Getting to grips with some much-needed home improvements can do wonders for turning a tired or outdated room into an inviting, usable living space. And, depending on your plans for a transformation, a logbook loan could help give you the wow factor you're after.

There's a bit of a trend happening with home improvements at the moment. Not so long ago,  homeowners would choose to sell up and move to a new, larger house to accommodate their growing families and busy lifestyles. Now, thanks to the housing market, it's far more likely that they'll stay put to breathe new life into the current family home.

From a simple declutter and freshening up of a room, to brand new family spaces that extend out into the garden. Staying put can give you the opportunity to transform your home, giving you the look you want or the space you need. But while you're saving yourself the upheaval of moving as well as the costs involved, you still have to find funds to get the home improvements you want.

There are several ways to raise the money you need. Depending on what you want to achieve, you could use some of your savings to get started. But if you don't have savings or you need extra to help to get the look or extra space you need, a logbook loan for your home improvements is a great option to look into.

Continue reading "Get the home improvement wow factor with a logbook loan" →

From birthdays and graduations to anniversaries or retirements, we love a good get together to celebrate with friends and family. And the bigger the celebration, the more it's likely to cost to plan an event to remember. So rather than scaling it down, could a logbook loan help to pay for your special occasion?

When it comes to special occasions, we all love to celebrate. And it doesn't matter what the occasion is either. So whether it's a full-blown party that goes on into the small hours, an afternoon gathering with prosecco and canapés, a luxury evening meal for a chosen few, or even a romantic luxury holiday for two, you'll want to mark your event in style.

Whatever you choose for your special occasion, it's natural to want to have the biggest and the best event to commemorate the special day or event. But because you want it to be special, not only for you but for any guests as well, before too long, you could see your plans and budget starting to snowball.

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If you're coming to the end of your loan repayments, you could be in a great position to top up your logbook loan if you want, or need, too. Having a logbook loan can help you in lots of different ways - and getting a top up could be a lifesaver in an emergency or another bonus towards a family holiday or treat.

One of the great advantages of any logbook loan is its simplicity -, especially with Car Cash Point. With no credit checks, low-interest rates and no hidden fees or charges, the whole process, including your application, is easy. And we've made it that way for you because we want everything to be in plain English, so there's no jargon and nothing hidden in any small print.

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The recent downturns in the economy have left thousands of people finding it more difficult to borrow money. As banks and other traditional forms of borrowing have become more strict with their lending policies, people are looking for other ways to borrow, and logbook loans are fast becoming one of the most popular. So, compared to a standard bank loan, could a logbook loan offer the affordability you need?

With a multitude of reasons as to why people want to borrow money (excluding mortgages), one thing's for sure, people are still keen to do so. Whether the money is used to fund a home improvement project, a holiday or something else entirely, the need for borrowing is as high as it has ever has been.

Naturally, borrowers want to get a loan with the best deal that suits them. Low interest, low monthly payments and long repayment terms are all at the top of the list. But, it's not always that simple. It's rare to get the best of everything when you borrow larger sums of money and there's always a price to pay, no matter how good the deal.

For a long time, a traditional bank loan was the standard option when you needed to fund a project or a purchase. As an existing customer, your bank was well placed to be able to look at your financial history and current status and base your loan request on a number of different factors. But, times have changed. When you need fast cash, alternative methods of borrowing are now more readily available and banks are slipping down the pecking order.

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Over the years, logbook lenders and their own brand of quick and easy loans have been under considerable scrutiny. Coming under heavy fire from disgruntled former customers as well as the Financial Services Authority (FSA) in that time, logbook loans have had their fair share of bad press. So just what did logbook lenders do to get the country so riled up?

A global industry

The practice of money lending is nothing new and goes way back through the ages. From the pawnbrokers of ancient Greece and Rome, through to the founding of the Bank of England in the 1600s, right up to the multiple forms of lending and borrowing that we see today.

It's one of the few things in life that hasn't changed and the basic principle of money lending remains the same: someone borrows money from a person or a bank under an agreement to pay it back later, usually with a rate of interest on top. It was only in the 1930s with the introduction of the mortgage that money lending took on a life of its own.

Since then, there's always been one form or other of borrowing money. To begin with, it usually came in the form of a loan from a bank. But it wasn't until the 1950s that high street banks started to use widespread marketing for themselves in order to 'sell' money to the general public. First with their existing personal loan service and then credit cards.

Since those days, the world of finance and loans has grown into an international industry. Borrowing is available at every turn. Not only in high street banks and building societies, but adverts in print, on the radio and now even television. Lending is big business and over more recent years, there's been a steady increase in the so-called 'fast loans' offering easy money.

The storm before the calm
Being restricted to a bank and building society loans, many people were being turned down by the high street big guns for not fulfilling the right loan criteria. Whether that was down to their income or their credit history only the lender would know, but it was frustrating for anyone who needed to borrow money and felt blocked at every turn. These new fast loans gave people the chance to get a cash injection when they might not have been able to before.

Soon enough, companies offering payday loans, logbook loans and fast personal loans started to become a common fixture. Offering fast money at the drop of a hat, it was all too easy to get what you needed. With their services being offered to everyone from almost any walk of life or financial background, the public was lapping it up.

However, the honeymoon period wasn't to last. Amid complaints and bad press, it was deemed that many of these loan companies were playing fast and loose with their customers and their money. Accusations of hidden charges, high fees and even higher interest rates as well as underhand tactics, were all thrown into the hat, with many loan companies taking the blame for pushing people into spiralling debt.

Eventually, the fast loan industry came under the investigation of the Financial Conduct Authority (FCA) and the results weren't good.

Continue reading "Are Logbook Lenders Any Good? 5 Ways You Can Be Certain" →

If you've ever bought or sold a car, or if you own one right now, then you'll have heard, and been in possession of, a V5 document or a 'car logbook' as it's more commonly known. While it's an important document that acts as proof of ownership of any car, it's vital if you're looking to take out a logbook loan.

What is a car logbook?

The V5C (or car logbook), is an official document that's used by the Driving and Vehicle Licensing Authority (DVLA). Each one is unique and acts as a proof of ownership document for every car and its registered keeper. The DVLA hold all the details of every registered car and it's owner across the UK.

When you're buying a car...
If you're in the fortunate position of buying a new car from a main dealer or a used car from an independent car seller, then one of the many things they'll take care of is the 'paperwork'. And this involves the completion of your car logbook.

Your new car will be registered to them. When you enter your agreement to buy the car, you'll give them your name, address and other details and they'll complete the form and register you as the new owner automatically. Once this is complete, the dealer will send the completed paperwork to the DVLA and you should receive a brand new car logbook within 6 weeks. You'll then be on the official record as being the registered owner of that vehicle.

While the new logbook is being prepared and sent to you, there will usually be a temporary proof of ownership form given to you by the dealer that you should keep hold of. If you need to prove so, it will act as confirmation that you own the car until the real logbook document arrives.

When you're selling a car...
When it comes to selling your car, the whole process is basically reversed. The responsibility will be on you to transfer the proof of ownership onto the new owner. This will guarantee that you're no longer the registered owner of the car.

It's common practice - and a good idea - to do this straightaway, usually after the sale has been completed and while the new owner is still with you. Once filled in, you can send the completed form of to the DVLA and registration is moved to the new owner within 4 - 6 weeks. This is an important step because if you delay this, the new owner could incur various fines that you would be responsible for because the DVLA will still have you as the official owner on their records.

Continue reading "How important is my car logbook for a loan?" →