How to secure a NO CREDIT CHECK Loan in 24 Hours or less!!!
As the credit crunch starts to bite most unsecured and secured lenders are really tightening up on the criteria for offering loans. For people who have a bad credit history this means that they can find it very difficult to secure any kind of Loan.
There is one company in the UK that offers a Solution. They are called Logbook Loans. If you own your own car they will give you a loan secured against the value of your car. They do not have credit checks and the amount of loan they will offer you is purely based on the value of your car. They will Loan between £500-£50,000
If you meet the following criteria they will give you a loan. You can repay the loan early therefore reducing the APR % and the total amount you pay back. I would recommend this type of loan only for short term borrowing as if you let the Loan run for the whole term you will pay a huge amount of Interest. They will normally approve your Loan in 24 hours or the same day and they can even pay you on the same day as a cheque or as cash.
These are the criteria for a log book loan.
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Do you own your vehicle
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Is the vehicle clear or nearly clear of finance
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There are no Personal credit checks
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The loan is secured on your car
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Borrow between £500-£50,000
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You can apply instantly online
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You will get your money in 24 hours or less
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A bad credit rating is something that now affects more people than ever before. A Logbook Loan is an ideal solution for those consumers who have bad credit and are in need of a secured loan, bad credit loan or a payday loan. Having bad credit is something that can prove to be a real struggle, especially when someone is looking to borrow money for home improvements, holidays or any other purpose.
These Loans should only be used in emergencies but are very useful for getting through a difficult time. Remember you are using your car as security and if you default on the Loan you may loose your car.
| Loan Amount | Weekly Repayment | Loan Term | APR | Total Repayable |
|---|---|---|---|---|
| £1,500 | £53.60 | 78 weeks | 437.4% | £4,180.80 |
Please note, you can make significant savings if you choose to settle your loan early:
Settling after 1 month : £1,845.27 (total payable)
¼ of the term (20 weeks) : £2,601.90 (total payable)
½ of the term (39 weeks) : £3,408.18 (total payable)
¾ of the term (59 weeks) : £4,060.00 (total payable)
