Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Logbook Loans: Criteria in Details for Quick Cash

By Addy Roy Subscribe to RSS | February 13th 2012 | Views:
loading
 
  



A citizen of Great Britain who is overburdened with multiple debts can secure fast finance if he owns a car. He should apply for logbook loans if the logbook of his car is all right and up to date. There are certain conditions which the loan seeker must fulfill to be qualified for logbook loans. In the following lines, the required criteria have been submitted.

Logbook loans are to be secured on the car on the owner’s logbook, and his logbook must be free from any kind of fiscal obligations. Before it is decided that the car will be used for a logbook loan, the owner of the car must ensure that all kinds of taxes and insurances have been cleared. Moreover, when the car will be under logbook loan, the owner of the car will have to bills for insurance and taxes regularly. So long he is owner of the car, he must clear the road taxes as will be needed.

It is an imperative that the car must be in right shape when it will be offered to secure finance towards logbook loans. No question should arise on its shape and services. It is the task of the car owner to produce maintenance certificate, MOT certificate, before the owner applies for logbook loans. How suitable is the car on the roadways in Great Britain will have to verified and confirmed by securing a fresh MOT certificate at an interval of three years regularly. It is necessary that the car is not older than ten years.

The registration of the car is required to be made against the name of the person who would submit application for logbook loans. It will be a gross violation of the loan agreement if it is found that the owner of the car is a different person. Next, the owner will never be allowed to sell the car before he clears the outstanding in full. The owner of the car must hold a valid license and it is his responsibility to keep the license updated for all periods.

The borrower must provide documents to certify that he has regular and sizeable income which is sufficient for him to repay the borrowed amount. The owner, if he has been stained with bad credit records, need not be worried. Credit report of the borrower is not checked when logbook loans are reviewed.

Addy Roy - About Author:
Addy Roy is an author of Loans n Finance. For more information about Payday Loans and 3 month payday loans visit http://www.loansnfinance.co.uk/

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/finance-articles/logbook-loans-criteria-in-details-for-quick-cash.htm

Related Finance Articles Subscribe to RSS

Overcome student debt at the earliest with professional assistance
Published by Peter Paul on December 22nd 2011 | Finance
Student debt can leave you devastated. It can hamper your entire professional and financial future i...
 
Cash loans Canada: Finance at Finger Tips
Published by Amarjeet Singh on March 19th 2012 | Finance
Cash loans Canada help the salaried people of Canada to find perfect kind of solution in financial c...
 
Student loans in default, a rising concern for the financial market
Published by Michelsmith on January 2nd 2012 | Finance
Student loans in default state is growing day by day. The governments are really looking into these ...
 
Unsecured loans – Obligation free loans for nearly all fiscal needs
Published by Michael Haworth on March 16th 2012 | Finance
Unsecured loans are obligation free loans. These are suitable for almost all financial needs. Since ...
 
Mini text loans: Amount is small but enough for urgent needs.
Published by Moon Thomas on November 27th 2011 | Finance
These finances are meant for the people who are looking for short term loans. Through these advances...
 
No faxing payday loans UK: Get the cash before payday
Published by Calvien Peter on December 8th 2011 | Finance
These finances are one of the best and ideal ways to get the cash. Applicant can easily get the mone...
 
Applying for unsecured loans with the similar lender for assistance
Published by Ian Foster on February 8th 2012 | Finance
Unsecured loan lender can be obtain by applying for a second loan and are worth considering and fre...
 
If you accept Visa and MasterCard you can get Bad credit small business loans
Published by Joseph Richard on April 4th 2012 | Finance
Despite it being a popular means of finance, there are several business operators who are unsure of ...
 
Next day payday loans: Speeding up your ability to pay!
Published by Arnold Arvel on May 30th 2012 | Finance
Next pay day loans are the excellent mode of attaining the financial resources for fulfilling the em...
 
Online faxless loans Canada: No Faxing Funding for Canadian People
Published by Simon Ray on July 11th 2012 | Finance
Online faxless loans Canada have been introduced for the benefit of the salaried people of Canada. T...
 
Get an absolute idea before opting for business credit loans
Published by Macrobusinesscapital@gmail.com on January 15th 2012 | Finance
The growing world and the rapid increase in the technology have completely changed the life of human...
 
A simple guide towards private student loans
Published by Michelsmith on December 2nd 2011 | Finance
The process of getting the private student loan is simple, but it is difficult to manage in the long...
 
Beware of the consequences of student loans in default
Published by Peter Paul on January 2nd 2012 | Finance
If you are a student, you must be aware of the various consequences of the default of student loan. ...
 
12 Month loans- Meet unplanned requirements
Published by on March 21st 2012 | Finance
If you meet several unpleasing circumstances and unplanned requirements then 12 month loans are the ...
 
No credit search loans - Get Funds Without Verification Process 
Published by Alice Johnsonn on January 12th 2012 | Finance
No credit search loans don’t account your credit history and helps you to avail cash support in qu...
 
Signature loans no credit check- Get fund with a simple signature!
Published by John Simen on April 9th 2012 | Finance
With the aid of signature loans no credit check, you can avail funds up to $15000 with your signatur...
 
Bad credit loans no fees: Shake Hands with Cash Crunches with Smile
Published by Cameron White on December 13th 2011 | Finance
Bad credit loans no fees are always ready to shake hands with poor creditors to let them feel comfor...
 
Payday text loans- with complete safety
Published by Cameron White on November 29th 2011 | Finance
Payday text loans are the most excellent kind of advances that will change your life eternally and w...
 
Why merchant loans trump all
Published by Joseph Richard on April 4th 2012 | Finance
Every business needs some help every now and then. That is when you need to consider the different o...
 
Instant loans for Unemployed: a rapid approach in modernized world!
Published by Rider Abraham on June 7th 2012 | Finance
Unemployment is becoming one of the major issues in the whole economy but jobless should not get dis...