For those people who have several debts to pay, getting a new loan may sound like an impossible task. If you want to get new furniture for your house or are trying to take a break from it all and go on a holiday, then you will most likely need a secured personal loan. Logbook loans are the perfect choice for people who want satisfy their wishes and needs, without having to worry the will be refused because of a bad credit history.

Before applying for such a loan, however, you must make sure that you are suitable and reliable in the eyes of the lenders. Companies that offer such loans do not ask for much documentation but there are some requirements you must meet. First of all, you must be over 18 and a permanent resident of the United Kingdom. Secondly you should own a car or other type of vehicle that is not still under finance obligations and that is insured, taxed and MOTed. Some companies will accept giving you a loan if you are close to finishing your payments for the vehicle. Before giving you any money, the company will ask you to mention in the bill of sale that you are willing to give your vehicle up if you are not capable of paying back the money you lent. You will also have to prove that you are able to support the repayments by discussing your income with one of the company’s agents.

If you meet the above qualifications, the next question is which company to pick for the best deal. The process of applying for one is quite simple and companies such as Logbook Loans offer top quality customer service. The first step you should take if you decide to ask for a loan from this company is to visit their website. Their internet page offers a lot of information which you will need to read before singing a contract with any lender. After you have browsed through the data offered on the site and decided that they are the perfect pick, you must click on the “Apply online” button which you can find on the right side of the page. If you do not trust the online media or simply want speed up the loan process, you can also get in contact with the company by calling 0800 118 5500.

If you do choose to apply online, once you have gone through the process, you will receive a phone call from one the agents or advisors working for the company. You will be provided with all the information you need regarding the loan but you will also be asked additional data about your car and your income. This part is very important because it will help the brokers decide how much money they can offer depending on the car’s year of production, model and brand. Logbook loans are willing to give between £400 and £50,000 and have a representative APR of 491.36%. This means that if you were to borrow for example £850 the duration of 78 weeks and a 127.2% fixed annual rate you would have to payback £2,471.82. In conclusion, your monthly payments will go up £31.69.

Getting back to what you have to do in order to get the money you need, the next step after the adviser’s phone call is meeting on of the company’s account managers. You can do so by either visiting one of the firm’s partner shops located throughout the country or you can ask for a home visit from one of their employees. This step is crucial in the process because the manager has to verify your vehicle and discuss other important details that will make whole idea safer for both you and the lenders. If everything goes as planned, you will be able to sign the contract and receive the check right away. Because the company prides itself with quality customer service, you will receive an additional phone call from head office with the purpose of making sure that you are fully satisfied with your decision.

If you want to get a fresh secured personal loan http://www.logbookloans.co.uk but have a bad history when it comes to paying your debts, we can help you! We will show you that secured loan and bad credit http://www.logbookloans.co.uk can go together very well and help you achieve your goals.