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Logbook Loan Frequently Asked Questions For Car Owners

Logbook Money FAQ's

A logbook loan from Logbook Money enables you to borrow from £1,000 to £10,000 or more, using your car as security for the loan, as long as you own the car and it is finance free.
The money is sent to your account anytime between 2 to 24 hours.
Free of finance means that your car has not been used as security for any other outstanding loan.
No. We are not under any obligation to contact your employer. We understand that your employer should not be party to all your personal details. In case we need to reach you, we only call you at a mutually agreed time.
Yes you can. The only consideration we look at is whether you own the car and if it is finance free. If you answer is yes to both, you qualify for the loan pending determination of your repayment ability. We will need to see your last 2 months bank statements and possibly a wage slip as proof of income. We conduct an income and expenditure assessment to ensure affordability.
A Bill of Sale is a legally binding agreement between the lender and the borrower, providing the lender with security over your car whilst you continue to drive it. Once you have paid off your logbook loan, ownership goes back to you. Here is a copy of our Bill of Sale Borrower Information Sheet.
In case you find yourself in such a situation, the first step should be to inform us. Our credit control team will work with you and make arrangements for easy instalments. If however you do not show any willingness to repay the loan, we will be left with no option but to recover our money from the sale of your car.

Your car may be repossessed if you fail to keep up repayments on a loan secured against it
Yes, we are authorised and regulated to by the Financial Conduct Authority. We are also members of the Consumer Credit Trade Association and adhere to its Code of Practice.