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Mobile Money Review - Log Book Loans

  • Mobile Money have 30 branches throughout England and Wales and specialise in logbook loans, a type of secured same day loan product. They do not offer a service in Scotland. They have been established since 1998.
  • Drive into your nearest Mobile Money branch and 15 minutes later you can drive out with your cash. This is fast cash indeed. You keep your car and they hold on to your log book (V5) and MOT certificate until you have repaid the loan.
  • You can borrow from £100 to £25,000. Mobile Money don't care if you have a bad credit history, you're self-employed, or you're bankrupt - they do no personal credit checks and provide loans to the self-employed and bankrupt. Your enquiry is treated in strict confidence.
  • They offer loans for a minimum of one day and maximum of 6 months - a shorter term than competitors.
  • The APR of 378.3% is slightly lower than it's competitors’ rates.
  • Advantages: Mobile Money offer the fastest way to a loan - within 15 minutes from applying and driving into your local branch.
  • Disadvantages: Mobile Money do not offer a service in Scotland.

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