A crucial accident

I had some financial problems and decided to opt for logbook loan; since I had a car which valued a lot to me and above all that it was the only expensive item I possessed at that time. I didn’t want to sell the car to fulfill that need because I was not able to live without a car so I decided that I will go for this option. Although being in debt was a frustrating but a feeling that later on I will be able to get rid from it and the rest of the financial problem will be over, was a provoking force.

As I was already aware of the car loan procedure from www.logloan.co.uk through a reliable friend; I decided to contact them. Upon calling them I got the courteous customer representative who explained me with all the necessary details and procedure. Being above 18, UK resident and having a car in my possession and name so, I was clearly eligible for applying this loan, as such there was no difficulty for getting a loan. They told me that they insist that the car should better be insured; that’s what my friend had already told me and I had already initiated a policy.

I agreed with the interest rate and they came to my home for car inspection. Well all set off to get the money; the service was really swift as they followed entire procedure in a very short time span. I restarted my journey to get out of my financial troubles; which I thank to logloans.co.uk, which made me able to start my new life again. Suddenly I encountered an unexpected bad luck. After few payments I had a major problem as I had severe car accident, which damaged the car very badly. I thought that logbook loans had become a problem for me now. But thanks for my on time action for car insurance, I had never thought that I would need this insurance amount but I had a policy.

At that time I realized that why logloan.co.uk people insist for the car insurance, as it was in my own favor. The insurance company helped me to recover the car into the initial state, and everything was back to normal. During that period the logloan.co.uk team cooperated with me a lot because I was really worried for losing everything, but as the car came back to normal, nothing wrong had to be faced. This seems like a night mare to me, when I think what if my car was not insured, I would have lost everything as the car was the security for the borrowed money and I had nothing additional to spend for the car.

I recommend all those who need to avail a loan that logbook loan is the best facility to avail for financial needs. But I more strongly recommend getting your car insured before you go for it as it can save you from the unforeseen happening anytime.

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Screen Shot 2015-06-19 at 18.31.27Loans against your vehicle

There are many a time in life when you need money, you need money for personal consumptions, you need money to expand your business, you need money to meet emergencies and you need money to meet speculative needs. You might consider selling off your vehicle. But wait, you do not need to sell off your vehicle. You can get loans against your vehicle. Logbook loans are the loans that you get against your vehicle’s document. Logbook loans are also known as V5 loans. These loans have some characteristic features and great advantages. Here they are:

    A logbook loan is provided against the logbook or V5 document of your car

    The lender keeps the logbook with him until the span of the loan is not over or unless you have cleared the loan amount

    These are better options as against single day loans. They are very much cumbersome. They have a huge rate of interest which these logbook loans do not have.

    People with bad credit rating also get logbook loans because they have the power to use their vehicle as a security

    There is no early repayment fee if loans are taken through logbook companies

    You also get the right to enjoy your vehicle’s usage. The companies keep the logbook with themselves and not the car.

Logbook Calculator is a company which helps borrowers Fund lenders. It lists all the rules, regulations, terms and conditions of a lending company. They also provide you with the rate of interest of the lending companies. There website is logbookcalculator.com; these people have the great working environment. This company never charges anything from you for visiting their website. They also assure customer or client’s protection.

Their features and advantages

The following are the features and advantages of the mediator company:

    Eligibility criteria and documents required: To be eligible to apply for a loan, the borrower must be 18+ years of age, he must be a citizen of the UK, and he must be the legal owner of the vehicle. The vehicle must have all the papers litigation free. At the time of application, the logbook of the vehicle must be present. The MOT and insurance papers are the other requirements.

    The amount of money that can be borrowed: The amount of money that can be borrowed ranges from as low as £200 to a high figure of £50000. It depends on the condition of the vehicle and its valuation price.

    The only risk that is involved is the risk of the borrower losing his car due to the failure of payment on time. The company is lenient in this matter. It tries to maintain a smooth relation with its clients.

    The company has an amazing feature of online calculation of the monthly payment of the borrower. The things are transparent. The borrower at any time can check the exact amount of payment that he needs to make. What are the interest rates, the rules, and regulations, etc.?

What is a Scottish Trust Deed

When you are under debt, it is your responsibility to repay it to your creditors. In case of default, the creditors have the right to take action against you and recover the debts from you. If you are unable to repay the unsecured debts, you must approach experienced insolvency practitioners or money advisers for legal relief in the form of Scottish trust deeds. Firstly, you need to know what is secured debt or unsecured debt. A secured debt is a debt provided to debtors when he renders a collateral security. Unsecured debt is a debt without security such as bills of credit card and personal loans. If you do not pay your unsecured debt, your credit report is badly affected which may trouble you in the future for getting a loan.

Scottish trust deeds allow you to manage your cash inflows and outflows effectively. It gives you relief and extends the time period to repay your debt up to four years. To implement the Scottish trust deed legally, you need to consult a money advisor at debtadvisoryscotland.net

Benefits of Scottish trust deeds-

  • No set up fees charged- The money advisors help you to come out of the situation of debt and charge no set up fees for trust deeds.
  • Make your unaffordable debt into an affordable debt- As you were struggling with your financial situation, the Scottish trust deeds allow you to pay an unaffordable debt in the form of affordable monthly payments in 48 months.
  • Fresh start- The trust deeds allow you to make a fresh start again. You get a second chance to get back to normal life and carry on with your work.
  • Another name of insolvency- A debtor becomes eligible for trust deeds if there is no scope of paying off the debts within due date. To know more about trust deeds, you can visit the official site of Debt advisory Scotland.
  • Keep your home- To protect your assets, you have to assign your assets such as car and home to the trustee who makes great efforts to help you to not to lose your home. The assets are remortgaged by the trustee for repayment of debt. You may be allowed to keep a car for personal use.