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Pay day Loan or LogBook Loan?
Another popular type of loan is the Log Book Loans. LogBook Loans are similar to PayDay loans in that they are extremely flexible! LogBook loans, like PayDay loans do not require credit checks, while Pay Day Loan payday loan are based upon your income, LogBook loans are based upon your vehicle. A LogBook is the equivalent of a registration. These remain valid for five years, so the information contained in them is usually extremely accurate.

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Payday loan, Logbook Loan, secured Loan or unsecured loan which is best for you?

Got a Car? Then Get a LogBook Loan

V5 Loans is a reputable lending company specialising in loans for those that have bad debts, CCJs, would fail a credit check or find it hard to raise money on the high street. Loans are secured against the value of your car, provided it is worth more than £500 and is less than 8-10 years old.
Millions of People are Refused High Street Credit Daily. Thousands of rejections are made each day by Banks and other Financial Institutions. Due to the Credit Crunch, many people are finding it hard to obtain a loan and this is where Logbook Loans can help you.

• No Credit Checks – your previous credit history is irrelevant
• You can obtain a loan even if you have been rejected by others.
• Your credit rating is irrelevant as the security is their car.
• Loans are possible if you have no collateral other than a car.
• Loans are available even if they want cash today.
• You keep the car and continue using it as before for the duration of the loan
• Hundreds to thousands of pounds are available to loan depending on the value of their car

Who Qualifies?
Providing you own a car of sufficient value that is clear or nearly clear of finance, you will qualify for a no credit check personal loan. If you have been refused a fast personal loan in the past loan due to a bad credit rating, you could now obtain a fast personal loan with V5 Loans. It can take up to six years to achieve a clean credit file, which makes it unable to obtain bad credit loan. Today, bad credit loans are available with V5 Loans. You needn’t wait a number of years for your credit file to be repaired by paying off all arrears and settling any outstanding defaults or CCJs.

How does it work?
V5 Loans provide the perfect solution for anyone looking for a no credit check loan. Consumers seeking Pay Day Loan can often only raise small sums through a small loan. A logbook loan can work to the same principles of a payday loan, but provide a bigger loan. A Payday Loan is an unsecured loan, whereas a log book loan is a secured loan. Unsecured loan companies often reject applicants as their lending criteria will not offer a no credit check loan. A no credit check loan is the ideal solution to people in that position. A bad credit rating will prevent you obtaining a loan at standard interest rates. High APR’s can be offset by early settlement discounts. A no credit check personal loan is available to anyone with bad credit. A no credit check personal loan with V5 Loans can be paid out within 24 hours. V5 Loans offer a quick and simple means of borrowing money. If you have bad credit and are in need of a fast

How are Payments Made?
• Standing Order • By Paying-In Book • By Card • By Transfer • At the Office

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