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Bad Credit Car Loans Are Possible
Bad credit car loans carry a higher risk to the lender, so the borrower must pay a higher than usual interest rate. You probably will need to apply to more than one lender and give more documentation. Still, a bad credit loan is worth the...
Bad Credit Loan and Bad Credit Loans
A bad credit loan will usually carry with it an extremely high interest rate and may require some types of collateral to be pledged as security for the loan. Bad credit loans may also require a co-signer to limit the risk involved with lending...
Fast Cash Loans - How They Work
A payday loan allows you to receive a cash advance based on the
expectation that when you are paid, you will pay the lender
back. Finance fees vary between payday loan companies, so it is
best to investigate several lenders before filling out...
FHA Loans, What do you need to qualify?
Most of us need to borough some money at least at one point of
time in our life. When we want to buy a car, to study at the
College or University, when we want to buy a house or home, when
we need money to start our own Business even when...
Home loans: what you should know !
Finding home loans can be a daunting task, whether you’re a first time home buyer or an existing homeowner. The good news is that there are more options than ever to help you find the loan that’s right for you. Check Your Credit Report An...
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Logbook Loans - Finds Use as a Personal Loan Minus its Inherent Drawbacks.
Logbook in legal terminology is known as registration form V5.
The document is issued by Driver and Vehicle Licensing Agency
(DVLA). Logbook has several entries about the vehicle relating
to the current registration mark, VIN number or the chassis
number, and details about the registered keeper of the logbook.
The registered keeper need not necessarily be the owner of the
vehicle. He is the person who is responsible for paying taxes on
or representing in cases of offences related to the vehicle.
Did you know that the logbook of your car could help you draw a
loan? Moreover, the borrower retains the use of the car. Finding
it different from the regular car finance loans? Car finance
loans help borrowers purchase cars. Logbook
loans, on the other hand, help borrowers meet their other
financial requirements.
There are certain distinct features of log book loans. These
distinctive features need to be discussed for a better
appreciation of logbook loans. First, logbook loans require the
borrower to part with the car logbook and the car itself. Thus,
borrower continues the use of the car even when loan is drawn
against it.
Second, logbook loans do not entail a credit check. Thus,
borrowers can have logbook loans even when bad credit tarnishes
their credit report. Borrowers, who have been refused loans and
mortgages because of bad credit history, find logbook loans
offering a welcome relief.
The amount provided against the logbook ranges from £500 -
£50,000. The amount is available immediately after the
application is made. Logbook loans are also preferred for the
promptness with which they are approved and sanction the loan
amount.
A borrower needs to fulfil certain basic criteria for availing
logbook loans. These are as follows:
· The vehicle whose logbook is being pledged for getting the
loan must not be more than 8 years old. The vehicle pledged must
be in good condition.
· The vehicle must
not be serving as collateral for any loan.
Any loan that the vehicle is a collateral of, must be paid in
full before taking the logbook loan.
· The vehicle that is serving as the collateral for the logbook
loans must be taxed and insured regularly. Any unpaid dues on
the vehicle on these grounds lessen the borrowers chances of
availing logbook loans. The vehicle must be MOT'd. All British
vehicles have to undergo a test every three years to satisfy
that they are safe to ride.
· The borrower must preferably have a regular income. Regular
income ensures that the borrower is able to pay the logbook loan
on time. This does not mean that borrowers who have a
fluctuating income, specially the self-employed, are not
eligible for logbook loans. The lending policies will matter
more when defining the eligibility criteria.
· The logbook must be in the name of the borrower. This is like
having the clear ownership rights of the house before drawing a
mortgage on the house. Like in the regular secured loans,
logbook loans too offer the loan provider a direct stake on the
vehicle. The loan provider has the rights to repossess the motor
vehicle if the repayments are not made on time. Thus, proper
arrangements for the repayment of the logbook loan must be made
on time.
Andrew baker has done his masters in finance from CPIT.He is
engaged in providing free,professional,and independent advice to
the residents of the UK.He works for the Secured loan web site
loans fiesta for any type of loans in uk,secured loans,unsecured
loans,debt consolidation loans please visit http://www.loansfiesta.co.uk<
/a>
About the author:
Andrew baker has done his masters in finance from CPIT.He is
engaged in providing free,professional,and independent advice to
the residents of the UK.He works for the Secured loan web site
loans fiesta for any type of loans in uk,secured loans,unsecured
loans,debt consolidation loans please visit
http://www.loansfiesta.co.uk
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Cheap Loans | car, personal & secured homeowner loans ... |
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Personal Any Purpose Loans : Loans.co.uk : Personal Loans UK |
Offers consumer loans for any purpose in the United Kingdom. |
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FinAid | Student Loans |
An education loan is a form of financial aid that must be repaid, with interest. ... The interest rate on the Stafford Loan for new loans first disbursed ... |
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GovLoans.gov - Find the Right Loan for You |
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Loan - Wikipedia, the free encyclopedia |
Bank loans and credit are one way to increase the money supply. ... Abuse in the granting of loans is known as predatory lending. ... |
en.wikipedia.org |
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Mortgages, Refinance, Home Loans, Home Equity Loans at Quicken Loans |
Online lender offers simplified residential loans and competitive mortgage rates. Headquarters in Livonia, MI. |
www.quickenloans.com |
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Mortgage Loans - Compare Mortgage Rates - MSN Money |
Get a mortgage loan that’s right for you. Compare mortgage loan rates of top lenders. |
moneycentral.msn.com |
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The Student Loans Company Ltd. |
Provides details of the Student Loans system which is part of the Government's financial support package for students. |
www.slc.co.uk |
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Sallie Mae - Private Student Loans, Stafford, PLUS, Student Loan ... |
Apply online for federal and private student loans, consolidate student loans; financial aid and scholarship information for college, graduate school and ... |
www.salliemae.com |
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Loan Guaranty Service, Home Page (U.S. Department of Veterans Affairs) |
This page provides content and information related to the Loan Guaranty Home Loan Program. |
www.homeloans.va.gov |
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Fool.co.uk - Compare Loans - Personal Loans and Unsecured Loans |
Compare over 200 UK loans including personal loans, secured loans, and unsecured loans. Search all loans and apply online. |
www.fool.co.uk |
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LendingTree Home Loans | Refinance | Home Equity | Mortgage Refinance |
Service network of lenders that enables consumers to compare rates, apply for and get approval for competitive auto loans online. |
www.lendingtree.com |
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Direct Loan Home Page |
The US Department of Education's lending arm for students in participating schools and student loan consolidation. |
www.ed.gov |
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Personal, home equity loans for union members at Union Plus |
Union Privilege offers Union Plus benefits -- including credit card, mortgage, loans, insurance, scholarships, health care savings and other discounts -- to ... |
www.unionplus.org |
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Countrywide Financial - Home Loans - Equity Loan Mortgages ... |
Countrywide Home Loans is the nations largest independent mortgage lender offering home equity, HELOC, refinance, mortgages, debt consolidation and other ... |
my.countrywide.com |
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Secured Loans UK - Secured Personal Loans - accepted.co.uk |
We search over 200 secured loan plans to find the best deal from our lenders - accepted.co.uk. |
www.accepted.co.uk |
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UK Loans : Personal Loans, Secured Loans, Cheap Loan Quotes |
The UK Personal Loan Store offers comparisons of the UK loans, personal and secured loans. Also offers tips, articles and latest loan news section. |
www.ukpersonalloanstore.co.uk |
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