Even for the most organized person, financial needs might come as a surprise. He might have had everything planned, but suddenly out of the blue there comes the requirement to arrange for some cash.l
Online PR News – 22-November-2012 – Normanton – Even for the most organized person, financial needs might come as a surprise. He might have had everything planned, but suddenly out of the blue there comes the requirement to arrange for some cash. One might need to money to pay off debts, make a small investment, or meet the hospital expenses, which is a result of an accident or so.
While in most cases the individuals who face a monetary need, turns to the conventional money-lending institutions such as banks etc. but, in case of a need as mentioned above, banks or alike institutions will be of little help, since they take at least a couple of weeks before the loan application is sanctioned. The whole process involves a lot of paperwork and verification of documents. By the time, the money comes; the need will probably be over.
Man thus had to come up with a suitable alternative. Logbook loans are the best way out for people in an immediate need for cash. This short-term loan is given against the V5 document (as it is known as in the UK) or logbook of a vehicle. The loan providers make the processing of the loan easy and instantaneous. Logbook Money is one such loan provider company.
The company offers various advantages to its customers. Listed below are a few of them.
1. The sanctioning of the loan is done in no time at all. Since, little paperwork is required to be done; the company takes a maximum of 24 hours to be done with the processing.
2. The applicant needs not to go through any kind of credit check. Thus, the company makes the loan available to almost all classes of people. a person with a bad credit check can also apply and avail a logbook loan from this company.
3. Moreover, the applicant would not need to keep his car or vehicle as a mortgage with the company. Logbook Money is satisfied with the V5 document itself. This is because; the document holds a great deal of legal value. It consists of the name, the certain other personal details about the vehicle owner. It also consists of the registration date and number as well as the chassis number of the vehicle. It is a proof of one’s ownership over the vehicle.
4. The rate of interest charged by Logbook Money is less when compared to that charged by the other companies. The APR on logbook in general is low as it is. The lesser rate of the company is an added advantage.
5. If one is a customer of the company, he will also enjoy flexible repayment options. One will also be allowed to make the repayments in equal monthly installments.
Now, if you are deciding to apply for a logbook loan from Logbook Money you must ensure a few things.
Firstly, you must be a resident of the state and not less than 18 years old.
Secondly, your vehicle must be in a good condition and free of all sorts of legal or financial constraints.
Thirdly, you must have a permanent source of income.
Lastly, you cannot sell your car during the loan period.
This is an overview of Logbook Money and its service,. To know them better visit http://logbookmoney.com/