Logbook Loans Mansfield
It happens that at times you may find yourself falling in debt and your finances are going down the drain. Most families in the United Kingdom suffer to establish a stable financial status whereas the prices keep going higher and higher. Whenever an individual approaches a traditional source of funding, like their bank, they get shocked by the tremendous amount of documents required to be accepted for a loan. Clients with poor credit history often find it hard to acquire a loan, and that is why they eventually resort to other alternatives, like a logbook loan. If you find yourself in a situation where you need some cash in order to overcome a rough time, you may have come to the right place.
Logbook loans are considered to be one of the most adequate ways to get you through a difficulty in order to get your life once again back on track. It is a loan that is secured on the value of your car; in other words, we technically get to own your vehicle in order to lend you the agreed amount of money until you repay your debt, but you still get to use your car during that period.
How Does a Logbook Loan in Mansfield Work?
You may borrow from £500 to £25,000, or approximately 70% of your car’s value, depending on our estimation. Through the agreement between us and our clients, we use your vehicle as a securing element of the loan until you repay your borrowed amount of money. In order to be accepted, we need to go through a few things first. We need to check if your car meets the requirements of our logbook loans. We may send an agent to your place of residence in order to check your vehicle, or you are more than welcome to bring the car yourself to our shop in Mansfield.
After your car is accepted, you will need to provide a V5 registration document, along with proof of insurance cover and a valid MOT certificate, if applicable. Note that in order to proceed with our application you need to provide some other documents as well that verify any sources of income that are suitable enough to cover your repayments. We need such types of documents in order to ensure that our clients are able to meet their monthly installments. You also need to be over eighteen years old in order to be accepted for our logbook loans in Mansfield.
How to Apply for a Logbook Loan in Mansfield:
Applying for a logbook loan in Mansfield is simple and easy. You may contact us through our phone numbers or simply apply online through our website. We know that most of our clients are going through a rough time, and that is why we try our best to process your applications as quickly as possible. We promise to provide you with high quality service and we should always do what is best for your well-being.