Are you considering taking out a logbook loan
Are you considering a logbook loan? - An infographic by the team at Car Cash Point Continue reading "Are you considering taking out a logbook loan"
Happy New Year from Car Cash Point!
As we know, 2016 was quite an unpredictable year, but with it now well and truly behind us, everyone here at Car Cash Point would like to wish all our customers, past, present and future, a very Happy New Year for 2017.
As is customary for this time of year of course, everyone should have made their New Year's resolutions by now - the next challenge is sticking to them. We all start off with steely determination, but sometimes see them slipping - even before the end of January!
Car Loan To Value (LTV) Explained
Unless you're a whizz with financial jargon, loan to value can be a confusing topic. Keeping track of all the information you need can be overwhelming. So when you're swamped with numbers, APR's, monthly payments and terms & conditions, you can feel like you're struggling before you've even got started.
The loan amount you need might be enough to help pay for a holiday, contribute to a family celebration or pay off some existing loans. Whatever your reason for needing the money, you should be able to fully understand what you're signing up for. No responsible lender should lend you more than you can realistically afford to pay back.
As part of our responsible lending process at Car Cash Point, once you've applied and been accepted for a loan, we'll always send a representative to see you to complete the paperwork and to look at your vehicle. We do this for a number of reasons, one of which is to check the market value of your car.
Can I Pawn My Car? The Advantages of Pawning Over Selling
When you thought that taking out a logbook loan against your vehicle was the only answer to being in a financial tight spot, there may be another option available to you. If you're in a more fortunate position of owning a car that you don't use on a day-to-day basis, pawning that car could be a viable alternative for you.
While a logbook loan allows you to continue driving your vehicle as you normally would do while withdrawing the cash from it, pawning you car is a fantastic way to release the money from it without actually having to sell the vehicle.
Continue reading "Can I Pawn My Car? The Advantages of Pawning Over Selling"
How Long Will I Need To Wait For My Logbook Loan?
When loans are easier than ever to take out, our need to have funds transferred to us as quickly as possible is a big factor on what type of loan we opt for. It's not encouraging having to go through an entire application process only to be told that the money could take a week or more to be available.
Micro loans that offer us almost instant cash are on the increase in the UK and logbook loans are spearheading that popularity. One of the reasons they are so popular is that, as well as the application process being fast and easy, once approved, the funds can be available just as fast.
With this in mind, it's easy to see why logbook loans are increasingly popular as people are looking to release the equity within their car. With more and more people looking at a logbook loan as a quick and safe way to cover an impending financial need, how long do these funds realistically take to be paid?
Continue reading "How Long Will I Need To Wait For My Logbook Loan?"
How to protect myself against recession
Protect yourself against recession by following these simple suggestions
'Recession' is a word you might hear on the news when the economy is suffering. If things get bad enough, banks collapse, people lose their jobs, and some even lose their homes. We're not currently in a recession in the UK, but if we were to be in one again, there are a number of things you can do. From finding out the cheapest car loan rates to opening an emergency savings account, here's what you can do to protect your financial position...
