Is your poor credit history holding you back when applying for loans? Logbook lenders allow you to apply for credit at a lower cost by putting up your vehicle as security. Logbook loans can be a better deal for borrowers, but it's important to be aware that if you fail to keep up with repayments, then your vehicle could be repossessed. In this section, you'll find a comparison table for logbook loans, and reviews and in-depth information for the lenders.
How to choose a logbook loan wisely
A good place to start looking is our logbook loans comparison table, where you can compare lenders side by side. If you know what you're looking for, you can access in-depth information and reviews of each provider in our logbook loans product catalogue. Still unsure of your options? Using the Choose Wisely Eligibility Checker is free and easy, won't impact your credit file and will provide you with a list of suitable options for you to compare.
What to watch out for
A logbook loan works by using your vehicle as security against your repayments. This means that if you cannot afford to meet your loan repayments, your vehicle will be seized. It's therefore absolutely vital you're sure you can make the repayments, before you apply.