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Requirements to Qualify for a Logbook Loans

Have you tried applying for a loan at banks and major lenders only to end up being refused? Don't worry because you are not alone. In fact, more and more people are being denied by said lenders nowadays because of a variety of reasons. At the top of the list is bad credit history or rating.

Fortunately, logbook loan lenders saw your predicament and stepped up to offer you a type of loan without the need for credit checks. Lenders can also accommodate those with arrears, CCJs and defaults. Even if you have filed for bankruptcy in the past, that wouldn't matter with logbook loans.

All you need is to meet the lender's basic and straightforward requirements to get your money quickly. To qualify, here are the most basic requirements you need to meet:

  1. You should be 18 years and above.
  2. You should be a UK resident with a legally owned vehicle.
  3. The vehicle should be less than 10 years.

If you wish to avail of out quote service at no cost and no obligation, just make sure you have the following additional requirements ready:

  1. Car logbook or V5 document
  2. Billing address
  3. MOT Certificate
  4. Proof of Identification (Valid Ids with current photo)
  5. Proof of income (bank statements, payment slips, etc.)