A History of Logbook Loans; London and beyond
Logbook Loans; London to Glasgow and everywhere in between!
The concept of logbook loans has until recently been a bit of a well-kept secret in the financial world. Many people did not realise that they had the option of obtaining a loan secured against their vehicle – be that a car, classic car, bike or van.
Logbook loans can be particularly helpful to those who for whatever reason find it difficult to borrow money from more traditional lenders. Indeed this is the very reason why Logbook Loans was founded!
Today there are over 50 branches of Logbook Loans, in London and nationwide, but the original Logbook Loans Ltd was set up in Hertford in 1998. It gradually grew and changed owners until it was merged with Loans 2 Go in 2012.
Logbook Loans is now the largest logbook loan lender in the UK. Our 58 branches are spread throughout the UK enabling us to assist even more people. If you do not have a local branch, we also have a team of mobile representatives who can travel to various locations and may be able to reach you.
The sole objective driving Logbook Loans is to provide an alternative way forward to those people who need a quick and easily accessible financial solution but are struggling to find one. At Logbook Loans we consider loan applications from everyone and will make our lending decision based on a person’s ability to repay the loan, not just their credit score.
If you take out a logbook loan with us, we hold onto the vehicle’s logbook (V5 document) for the duration of the loan but you keep your vehicle and have full use of it as normal. When the loan is repaid we return the logbook to you with no further commitment needed from you.
There are no fees to set up the loan and you can settle the loan at any point. Repayments can be made on a weekly, fortnightly, 4-weekly or monthly basis over a period of 12 to 36 months. If you are accepted for a loan we will usually be able to give you the money in cash on the same day.
Logbook Loans helps thousands of people each month and we believe in treating each and every customer fairly. If you take a logbook loan with us we guarantee that:
- We will clearly explain the terms of our agreements to you and answer all your questions before you take the loan;
- We will do everything we can to ensure that the loan will fit within your budget.
- If your circumstances change and make it difficult for you to make repayments we will work with you and help you get back on track.
- If at any stage we get things wrong, we will do our best to put them right.
So if you need a logbook loan then look no further than Logbook Loans! We are not only the UK’s largest logbook lender but we have been established since 2002 and we are fully authorised by the Financial Conduct Authority. We handle every case on its own merit and promise to treat you fairly throughout the whole loan process. Contact us today to find out more about how Logbook Loans could transform your finances!