Author: Maria Collins

Get quick doorstep loans: Cash in your hand

In a few easy steps, you’ll get quick doorstep loans cash your hand. In fact, there are many ways to get the money you need. Either by applying online, via phone, or through a third party. The good thing is there are a lot of lenders that provide cash on the same day you apply for the loan. Hence, there won’t be a need to wait a few days even if they have a lot of pending applications.

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Quick door loans are perfect as they allow immediate cash in your hand – and pockets! Due to today’s financial crisis, a lot of people need money to not only pay the but to pay for luxury expenses. Furthermore, a lot of lenders prioritise the borrower’s convenience. Instead of having the borrower come to them, they’re the ones who go to the house not the borrower with cash in hand.

The process would be faster if you already meet all the requirements. If it’s your first time applying for a loan, it would be a great idea to research the requirements needed. It’s impossible for a lender to lend money without knowing your financial capabilities. If they end cash fast, it means they have access to many lender’s and find the best one for you and your circumstance. Having a loan lender come directly to your home for quick doorstep loans provides financial relief and instant cash in hand. If you do not repay the loan then that can have possible negative effect on your credit rating. Direct UK loan lenders provide quick door loans for individuals who struggle to get a loan or financial assistance. Get cash in your hand and apply for a quick loan today.

Guarantor and Logbook Loans

Guarantor and Logbook Loans

There is a perspective shift in the world of financing today. Borrowers are not driven to despair today as they are empowered than they had ever been before. They are aware that they cannot be pressurised and bullied because they have a number of options available to them so that they get the kind of loan they require without going through the bureaucracy or the running around hassles.

Guarantor Loans

These types of loans could be availed when there is a guarantor who can support the borrower in times of default or non-payment to the lending institutions. A guarantor is generally a person who knows the borrower; he or she could be a co-worker, a relative or a trusted friend. To get a guarantor from your social or family circle is not so easy. As guarantor loans are of an unsecured kind, they attract very high rates of interest and the APRs carry big amounts.

Logbook Loans

As an alternative to guarantor loans, one of the most popular and accepted loans in the United Kingdom is the logbook loan and it is still very much in vogue. These types of loans are secured against the borrower’s owned vehicle. These loans are also referred to as quick cash loans; this is because of their fast processing time. It will generally take only a day for logbook loans to be processed and the loan amounts to the reach the borrower’s bank account.

Logbook loans function on the method of unsecured collateral with a difference. The V5 document or the log book of the vehicle is transferred to the lender. It is returned back to the borrower when the loan is repaid in full. The best part of applying for logbook loans is that the borrowers need not worry if they have a poor credit rating. There are no issues of delayed processing time or credit checks.

There are numerous guarantor loan providers and logbook lenders in the united Kingdom who give out loans in the range of £250 to £50,000. The borrower needs to be eighteen years of age and should also be a resident of the United Kingdom. The vehicle has to be registered in the name of the borrower in case of logbook loans. The logbook loans are unique because the borrowers could use the loan amount for whatever purpose they desire. They can use the loan amount for their vacation, any emergency needs or even to settle other bad credits or loans. It is just a matter of signing the Bill of Sale before the logbook loan gets processed and the loan amount gets transferred to the borrower’s bank amount and in many cases, loan amounts are disbursed directly in cash to the borrowers.

Logbook loans have been quite prevalent in the lending market in the United Kingdom in the last few years. People prefer logbook loans as an alternative to guarantor loans because they find them flexible and the processing time is comparatively swift. The applications are easy to process and the documentation needed is minimal. There are no routine credit checks. All these factors make logbook loans easy to apply for and they become handy for the borrowers. These loans offer a flexible choice in repayment schedules on easier terms. The borrower is allowed to use the vehicle during the tenure of the loan.

If you are seeking a loan that does not take your credit history as a qualifying factor, then the logbook loans are ideal for you. Many people are under the misconception that logbook loans are not so easy to get and that they have been discontinued in the United Kingdom. It is still easy to get a logbook loan out there and it is a great alternative to the guarantor or any other kind of short-term loan. The important advantage with this kind of a loan is that the borrower could pay off the loan amount within the term that has been fixed by the lender. In terms of non-payment by the borrower, the lender has the right to sell the vehicle and recover the loan amount but most lenders do not want to go through this hassle. If the car is not in a good mechanical condition, they will not get a decent amount, too. For this reason, most lenders would be accommodative enough for the borrowers to pay back the remaining loan amount.

As long as a borrower has evidence of a regular source of income or employment, he or she could be in the running for a logbook loan.

How Logbook Calculator Works

Logbook Loans offers a service that will allow you to get a quote online before you begin the application process.  We have found that many people have found this calculator valuable in the decision-making process.  It will save you time and aggravation, there is nothing more frustrating than beginning the application process only to find out that you may not be able to afford the payments or are not eligible to receive a loan at all.  The process is very simple and can be completed in a couple of minutes!

Calculate Within Seconds!

There are three key pieces of information that you must have before you receive the quote you are interested in.

  • Know the amount of money that you are planning on borrowing, and enter it into the calculator
  • Enter the interest rate and the terms of you’re the repayment schedule that you have chosen
  • Calculate and see what you qualify for.  This quote will show you a number of your payments according to the repayment plan you have chosen.

Once you have received the result and evaluated what your responsibility will be, you can then decide if this loan is the right choice for you.  To get your quote now please visit now!

Additional Factors

If you have decided to go ahead and apply for the loan, you should have a good understanding of the information we use in order to determine if you are an acceptable candidate for the loan.  Our loans are generally based on the worth of the vehicle you are using as collateral.  Our clients can receive between fifty to seventy percent of the value of their car, van, or motorcycle.  We pride ourselves on protecting our clients and we are obligated to make sure that you have the income necessary to cover the repayment of the of the loan.

Poor Credit is Not a Factor

A good percentage of our clients have found themselves in a situation where their credit is not as good as they would like it to be.  At Logbook Loans we understand that this cycle is very hard to break.  By using your vehicle for collateral we are able to provide a secure loan which minimises the risk of losses to the company.   It is because of this we can extend a loan to those with poor credit.  Being able to provide this service to those who find themselves in an unexpected situation is our purpose.

With Logbook Loans Calculator you will be able to make an informed decision about the loan you are interested in.  As always we strongly urge you to research all of the options available to you before making your final decision.  The calculator is quick and easy to use and will give you the ability to see what your payments will be before you begin the application process.  Please contact us today with any questions you may have, our staff is available and ready to assist you right now!