Logbook lender is the institution that operates under Financial Conduct Authority (FCA) regulation and hence is eligible to disburse the loan to an individual who has some budgetary constraints for their needs. Logbook lender is one of the most reliable and trust worthy source for obtaining the loan. The best part is that it is hassle free, with less documentation and easy to handle and process as well. Logbook lender works on collateral methods and they issue the amount/loan as per the value of your owned vehicle.
Logbook loan has widely been accepted market in UK. People who need the loan at immediate basis approach the logbook lenders and most of them have successfully finished their goals as well. Logbook lenders have received various kinds of reviews either on their websites or on various portals as well. As per Trustpilot reviews; the users are happy and satisfied with the services and the amount of loan. Since the amount of the loan depends on the vehicle; user are intimated at first step that they can get the loan on the vehicle; so they can’t raise the compliant about the lesser amount. Yet the sissified customers state that the logbook lender has informed them with the repayment plans as well.
Logbook lender services are unique in a way that it can give loan ranging from £250 to £50,000; hence can cover a huge market segment as well/ Apart from that people are happy to use logbook lender as they can get the loan; even if they have a bad credit history. Some of the customer reviews as per Trustpilot are:
“No strings attached, in your face service. APR is clear to see and had no trouble with payments. Mr. Steve from logbook lender.com was very helpful and upfront and even insisted I only take out a loan if absolutely necessary. Completely ethical and unambiguous, I would highly recommend logbook lender to anyone who is in the situation I was in.”
Apart from the quick access and easy processing of loan; customers are satisfied with the professional attitude of the staff as well. Logbook lenders in UK have defined some assessment criteria and even customers are informed about the risks and benefits of the loan as well. Since they have legal acceptability as well; customers are also informed with the legal actions against the failure of repayments. Hence the information is kept transparent. Aleena states her point of view at Trustpilot and she states:
“I have taken a loan from logbooklender.co.uk and it was great I think one of the best decisions I made in order to meet up my budget needs. They gave me the best options of repayment plans and help to beat the interest accumulating in the account in order to have a quick settlement. They are flexible with their advice; help always at hand and like many other companies they do also listen to the customers’ needs and opinions. Overall it’s a great business for the community”
Customers in UK are quite happy with the services and the transparency, reliability, less interest rates and easy processing has made them happy about logbook loans.