News
21-3-2007
Refused a loan?
A loan from Log Book Loans is suitable for someone with a poor credit history or county court judgements (CCJs) and is therefore refused unsecured personal loans by many providers.
Credit histories monitor how good or bad someone has been at paying back their debts, with borrowers with the best record receiving the lowest rates.
However, once credit scores drop below a certain level potential borrowers are often refused a loan by mainstream lenders.
Logbook Loans are happy to offer you a bad credit loan because our lending is secured on an asset, your car. Instead of running credit checks, we base our bad credit loan on the make, model and year of your car and proof of regular income. You are therefore less likely to be be refused a loan.
Credit histories monitor how good or bad someone has been at paying back their debts, with borrowers with the best record receiving the lowest rates.
However, once credit scores drop below a certain level potential borrowers are often refused a loan by mainstream lenders.
Logbook Loans are happy to offer you a bad credit loan because our lending is secured on an asset, your car. Instead of running credit checks, we base our bad credit loan on the make, model and year of your car and proof of regular income. You are therefore less likely to be be refused a loan.