Who Are You?
We are Guildford Loans, a website that aims to help people with poor credit scores obtain a logbook loan.
Why Would I Need You?
If you have a low credit rating, you won't be able to get a normal loan. You can get a logbook loan however, if you want to use your vehicle as collateral. We provide some of the best logbook loans in the UK to people in your type of situation.
What Is A Logbook Loan?
A logbook loan is when you borrow against your vehicle, using it as collateral. Instead of using a credit score to vouch for yourself, you use a car to give the lender (us) a reason to lend to you.
Am I Eligible?
To be eligible for a logbook loan, you need to meet a few requirements. First, you need to be 18 and a legal resident in the UK. Second, you must be the legal owner of a vehicle that does not have any payments remaining on it. Lastly, your vehicle must be fully insured.
How Quickly Will I Receive The Loan?
If your loan application is approved, you can expect the money in your bank account within 24 hours. We know you probably need this money soon, and we do out best to accommodate that.
How Does The Process Work?
The process is simple. First, you fill out the short application found on this site. Then you will be contact by a member of our team who will work with you the rest of the way to complete the application. Once the application is submitted, we will review it and decide if you are eligible. If you are approved, the loan will be deposited right into your bank account. After that you just need to make your monthly payments on time.
What Kind of Vehicle Can I Use?
You can use just about any type of car, motorcycle or truck. However in order to borrow against, the vehicle needs to have sufficient value remaining on it. As a rule, we generally ask for vehicles made in the past 10 years. If you are not sure if your vehicle qualifies, simply contact us and we will discuss it with you.
What If I Have Other Questions?
If you have any more questions, you can reach us any time via one of the methods list on our Contact page. We do our best to get back to everyone as quickly as we can.