Three Most Important Things to Look For When Selecting a Logbook Loan Company

If you have reached the point of seeking a logbook loan, the chances are that financial troubles have set in. Many people turn to logbook loans because they have a very poor credit score that hinders them getting conventional credit. With a poor credit score, no bank wants to take the risk because they fear you will default. One of the alternatives taken by most people is going for logbook loans.  The loans are advanced against your car. You temporarily transfer the ownership of the car until the entire loan is cleared. However, you are entitled to use the car as long as you continue making the agreed monthly payment. The rising demand for logbook loans in the UK has made a lot of lenders to enter the market. Consequently, picking the right logbook loan company has become a very difficult task. To be sure of dealing with the right logbook loan company, here are five components you must check. Low Annual Percentage Rate (APR) The main distinguishing characteristic of logbook loans is high-interest rates. Most lenders in the UK have very high-interest rates that reach up to 400% APR (annual percentage rates). A good logbook loan company should have lower APR […]
By |October 16th, 2017|Blog|0 Comments

Why Some People Claim That The IPhone X Copied Android

The specs of the iPhone X blew many iPhone lovers’ minds away. It after all, contained many firsts for the iPhone family. The phone however seemed to not have a similar effect to many in the Android crowd. To these dissenting people, most of the features being introduced weren’t nearly as ground-breaking as Apple made them out to be. In fact, they viewed the iPhone X as Apple way of catching up with their Android counterparts who were far ahead in mobile technology. No home button While the iPhone X seems revolutionary to Apple fans and users because of its lack of a home button, and is incidentally the first of its kind. Android users with phones from many manufacturers have not seen a home button on their phones for eons. It is therefore inconsequential to them to hear that a phone doesn’t have a home button. Actually most of them have had a long time to get accustomed to controlling their phones from the screen. It may be a big deal for Apple users but for Android users it’s just another ordinary day with nothing new to tell. Edge to Edge Screen While it […]
By |October 8th, 2017|Blog|0 Comments

Simple Ways To Save Money

Saving money can be an uphill task yet it remains one of the ways to become financially free which should be everyone’s goal.  When you are financially free, money becomes your servant.  Simply put, money works for you, not the other way around. A beautiful sight to behold. Saving being one of the actions that will propel you further into financial freedom, should be taken very seriously yet it is quite often underrated. More often than not it is dismissed as being difficult hence all the negative connotations surrounding it. Nevertheless, everyone should strive to save and the easy steps listed below should ensure that everyone gets the hang of saving. Record your expenses This is an easy habit that everyone can learn to do. Jot down every little purchase you make every day. This way you keep on top of all the ways that money is going out of your pocket. In money, inlets are just as important as outlets therefore do not undermine any. To assist you keep track, you can request for bank and credit statement. Make a budget Once you know all the ways you are using your money, make […]
By |September 28th, 2017|Blog|0 Comments

How You Can Save Money On Your Car

Everyone wants to save some money. The satisfying feeling you get when you save some pounds is incomparable. No one should call you frugal for chasing after this thrill because it will only prove profitable in the end. There are several ways you can save money on your car. Your car doesn’t need to be the nail on your head, it can be made more affordable easily. There are just a couple you need to take in the right direction and you are set to make the biggest saving you have ever known. Save on fuel This is something that many people will be enthusiastic to hear. There are so many ways that you can save on fuel. You can do this by increasing your car’s fuel consumption efficiency and also typically fueling at the petrol station with the least cost. To assist you to compare the fuel prices of different petrol stations, embrace mobile apps dedicated to assisting drivers find the most affordable petrol stations. You will be surprised at how many great deals you were missing because you did not know where to look Another way you can make a big save is […]
By |September 18th, 2017|Blog|0 Comments

Second-hand Cars Pros and Cons

Are you opting for a second hand car? It is important to have comprehensive information on the benefits and disadvantages on second hand cars in order to make a prudent choice. Savings One of the greatest advantages of buying a used car is that there will be enormous savings in cost.  When you buy a used car, expect that you will get it at a fraction of the cost of a new model. New cars have the misfortune of depreciating in value the instant they leave the showroom.  However, this loss to the seller serves as a blessing in disguise for a buyer. Not only is the price low but there is an opportunity to bargain. The price tag is therefore a mere suggestion, take it as an opportunity to negotiate. Another way that you will be laughing all the way to the bank is that as a used car buyer you won’t incur any additional costs on top of the selling price. Those extra costs were already covered by the seller, you won’t have to worry about them. In fact you will even part with fewer pounds on insurance than with a new car. Hidden Problems One of the biggest disadvantages […]
By |September 12th, 2017|Blog|0 Comments

Three Pillars for Negotiating Your Logbook Loan

Taking a logbook loan is considered the first line of action when credit from a conventional bank is declined. However, the rising cases of non-payment, cars recovery and court battles point at a more serious problem that requires an urgent address. Financial experts and Consumer Advice encourage people in the UK to seek alternatives before going for logbook loans. If you decide to go for a logbook loan because of poor credit score, there might be additional sources such as credit union. If you have to take a logbook loan, it is advisable to negotiate for a guarantee of better results. Logbook loan dealers, like other enterprises, are in business and will not hold back to any effort to win more clients and promote their brand. This opens the way for borrowers to negotiate for better deals and ultimately higher value for money. Punitive clauses in the logbook loan agreement The logbook loan agreement is the bottom line to getting cash against the car. Unlike the common bank loans that are governed by strict policy and individual institution’s guidelines, logbook loan companies are free to craft their rules. Well, this does not mean that […]
By |August 29th, 2017|Blog|0 Comments
  • Permalink Gallery

    Four Skills You Should Sharpen When Applying For a Logbook Loan

Four Skills You Should Sharpen When Applying For a Logbook Loan

For about 15 years, the number of logbook loans in the UK has grown from 3000 to over 40,000. Many people with a poor credit score in the UK get their requests for loans declined because they are high-risk parties. Though there are many alternatives they can turn to, logbook loans are preferred because they are easy to process and are approved very fast. However, the loans are very risky and have been associated with these very serious problems; Sinking deeper into personal debt Further damage to personal credit report score Recovery and auctioning of family car Breaking up of families Stress and depression Because of the immense dangers that can result from logbook loans, the borrower must understand how to handle it from the beginning to the end. This post outlines four most important skills that you should sharpen when seeking a logbook loan. Negotiating skills Logbook loans are not protected like hire purchase deals. Because of this, the lenders are free to craft agreements and optimize their profits. As a borrower, you need to have the right negotiation skills for driving the highest value for money. Using the negotiating skills, make sure to carefully review the loan agreement and […]
By |August 19th, 2017|Blog|0 Comments

Why Every Logbook Loan Lender Remains Open to Negotiations

The number of people who default their logbook loans in the UK is very high. This has made stakeholders start contemplating measures such as those introduced to help cap the Payday loans interest. FCA introduced news legislation that prohibits payday lenders from charging more than double the amount a client borrows. The main question at this point has been why more people are defaulting on their logbook loans? Unlike the conventional loans, logbook loans come with a very high-interest rate that can reach up to 400% APR. The burden becomes too much because borrowers are also servicing other loans and must also meet their monthly expenses. The ultimate impact is defaulting and sinking deeper into debts. If servicing the logbook loan is becoming difficult, many people fear that the lender will simply recover the car. However, this is not the case. The following are the main reasons why logbook loan lenders prefer to negotiate rather than recovering your car. Negotiating with the borrower yields more in profit Though you have defaulted for a few months, the logbook loan dealer sees an opportunity to make more profit. By renegotiating with the borrower, new penalties are […]
By |August 11th, 2017|Blog|0 Comments
  • Permalink Gallery

    Using Expert Assistance to Improve Credit Score after Taking a Logbook Loan

Using Expert Assistance to Improve Credit Score after Taking a Logbook Loan

If you are running to a logbook loan lender, the chances are that your credit score is very poor. Many conventional banks will decline loan applications from people having a poor credit score because of the high risk involved. Unlike the conventional lenders, logbook loan companies in the UK do not factor the credit score when approving loans. They mainly want to know the value of the car, proof of ownership, and capability to repay. Once the loan has been approved, the repayment journey begins. For many people, this process is lengthy and often culminates to defaulting and sinking deeper into debt. However, it need not be that way if you seek expert assistance. In this post, we look at four main ways that a financial expert can help you to complete repaying the loan, improve credit score and march to financial freedom. Understanding the genesis of the current problem You can only get out of the current situation by understanding its genesis. Why are you here? A financial expert will help you to appreciate some basics of finances so that the source of the problem can be identified. This is the best way to avoid falling into the same problem […]
By |August 7th, 2017|Blog|0 Comments
  • Permalink Gallery

    Using Expert Assistance to Improve Credit Score after Taking a Logbook Loan

Using Expert Assistance to Improve Credit Score after Taking a Logbook Loan

If you are running to a logbook loan lender, the chances are that your credit score is very poor. Many conventional banks will decline loan applications from people having a poor credit score because of the high risk involved. Unlike the conventional lenders, logbook loan companies in the UK do not factor the credit score when approving loans. They mainly want to know the value of the car, proof of ownership, and capability to repay. Once the loan has been approved, the repayment journey begins. For many people, this process is lengthy and often culminates to defaulting and sinking deeper into debt. However, it need not be that way if you seek expert assistance. In this post, we look at four main ways that a financial expert can help you to complete repaying the loan, improve credit score and march to financial freedom. Understanding the genesis of the current problem You can only get out of the current situation by understanding its genesis. Why are you here? A financial expert will help you to appreciate some basics of finances so that the source of the problem can be identified. This is the best way to avoid falling into the same problem again. If […]
By |July 20th, 2017|Blog|0 Comments