For log book loans, the guide states that the car itself should be less than 10 years old with no financial claims against it to apply for log book loans.
(PRWEB UK) 25 April 2012
Logbook loans have produced a need to know guide on log book loans that they are providing to new customers. The guide covers the Requirements for Log Book Loans and stipulates all the necessary documents and approval criteria. The guide is available online or via a booklet. The guide covers details concerning the car.
For log book loans, the guide states that the car itself should be less than 10 years old with no financial claims against it to apply for log book loans. This means that if the car is part of a hire purchase agreement then it is not suitable as security in a log book loan. Similarly, if there is another outstanding log book loan using the same car security then a second loan will not be offered. The car needs to be less than 10 years old in order to ensure that it holds value for the period of the loan. Cars older than this are more susceptible to breakdowns. The age and value of the car will also help determine how much you can borrow when looking at getting log book loans.
Logbook loans 247 will offer loans to anyone who owns their car with some obvious exceptions. You must be a resident of the UK, at least 18 years of age and own a car which is free of finance. If you meet these criteria, you stand a great chance of being approved for a loan with them. The guide highlights the criteria for approval.
The guide also states that customers don’t usually require credit checks, making a loan with Logbookloans247 ideal for people with a less than perfect credit history.
Logbookloans247 is a loan company specialising in offering loans to car owners. The car is used as collateral against a short term loan. Customers will retain the use of their vehicles during the loan period providing they keep to the repayment schedule. Logbookloans247 is a member of the Customer Credit Trade Association, giving its customers peace of mind. There are 13 branches all around the London area, making it convenient for customers to visit their local outlet. They provide security and protection for both their clients and themselves and operate in a fair and impartial way.
The TGS brand is built on an established, trusted high street presence that has spanned over 20 years. The TGS brand slogan is “Trust the experts”. We are a business that has grown because of our reputation and quality of service for over 20 years. To read the full guide, visit log book loans online at the website address.