V5 Loans Review - Log Book Loans
- If you can't get a Payday Loan because you're self-employed and if banks won't lend to you due to Bad Credit such as CCJ's or Defaults then why should you forgo the opportunity of getting credit? Well, with V5 Loans you don't have to.
- V5 Loans specialise in log book loans for people with bad credit and they do no personal credit checks. The loans range between £500 and £20,000 and to secure one you must own a car less than 8 years old.
- V5 Loans are a relatively new entrant to the market - they have been established since 2008. They operate in England and Wales only and so do not offer a service in Scotland.
- Get your secured same day loan with V5 Loans by applying online and within a minute you'll have a computer generated value for your car or vehicle. V5 Loans then arrange to meet with you either at home or at their office so that V5 Loans can confirm the value of your car, hold onto your logbook, confirm who you are and where you live and then release the loan to you there and then, a secured same day loan.
- At 439% the APR rate is only marginally higher than that charged by the other lenders covered here. But the faster you repay the loan, the more money you will save and V5 Loans encourage this by not charging for early settlement.
- Advantages: V5 Loans offer early settlement discounts.
- Disadvantages: V5 Loans do not offer a service in Scotland.
