31 Frequently Asked Questions about Logbook Loans

Updated September 2019

Taking out a loan can be an intimidating process and there are always a million unanswered questions that pop into your head, stopping you from making that leap and applying. A logbook loan is a little different to a personal or unsecured loan, and there is a great deal of misinformation floating around on the internet that can give people the wrong idea about the reality of taking out a loan of this kind. So, to help those who are interested but unsure, we've compiled a list of all the top questions people ask about logbook loans. If you have a question that isn't covered here, please get in touch.

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Unexpected Dental Expenses? A Logbook Loan Could Help.

Dental expenses are something that we'll all face at some point. While many of us pay for a simple check up with our dentist, at some point we might need to undergo some real dental work. And whether it's medical, cosmetic, or mix of both, the costs can be high. But with a logbook loan for your dental expenses, you needn't worry about how to pay.

From a simple 6-monthly dental check-up, or an annual appointment with a hygienist, to something more complicated like root canal surgery, dentures or implants. Every process has a cost involved and that varies depending on what type of dentist you visit.

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Spread your engagement costs with a logbook loan

Getting engaged means a celebration second only to the wedding itself. But the big focus of any engagement is the ring - or maybe rings, if you're both looking to show off some fine jewellery. To help you both find the ideal ring, a logbook loan is a great way to cover your engagement costs - and to help you celebrate too!

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Why Service Matters: How to Spot a Good Logbook Loan Company

Many people need a loan throughout their lives. Sometimes they will only take out credit for the really big purchases, a home or a car, for example; other times someone may need a loan to fund smaller projects, such as a new business or renovations. The fact is, loans are taken out for so many different reasons, which is why it is crucial that you know the various options available to you when it comes to lenders. You can go to a bank, or somewhere you can get your payslip advanced, but these options come with high interest rates and little choice in terms of how soon or late you repay your loan.

This is where logbook loans come into play. Logbook loans allow you to take a loan out against an asset you have in your name. For many people, this will be your car or another vehicle.

 

What is a Logbook Loan?

A logbook loan is a great way to take out a loan without going through your credit, as the amount is leveraged against your vehicle and not your history of repayments. That does not make these loans suspicious or something to discredit, however. Logbook lenders must be FCA regulated, meaning your loan is secure.

Another benefit to choosing a logbook loan is that you can still use and operate your vehicle while you make repayments. There are some exceptions to this, for example, if you have a motorbike, it will need to be kept in storage during this time, but for the most part, you can take out a loan and make repayments easily.

 

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Raising Money to Start a Business, Get Married or Go on Holiday

Getting a loan against your car or any other vehicle you own, can help you get an injection of cash when you need it most, whatever you need it for.  A Car Cash Point logbook loan can also help get over any credit problems you might have as well as giving you low repayments to suit you.

Despite the ongoing necessity to 'tighten our belts' and look after our money, consumer borrowing is still on the rise, especially with traditional secured loans. And a logbook loan from Car Cash Point is one of the easiest ways to help you get a lump sum of cash, from £500 upwards, quickly and safely, whatever you need it for.

So by looking at several areas where a secured loan against your car can help raise your funds, you'll see how useful a logbook loan can be in more ways than you imagined.

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