If you have bad credit then you can choose between logbook loans and payday loans. They are both loans for people with bad credit but there are some big differences in how they work and what they will cost you.
The lenders will lend from £200 to £50,000 depending on the value of your car. Payday loans on the other hand tend to only be available from £80 to £750. The reason for this difference is that logbook loans are secured on your car – the more your car is worth the more cash you can borrow. If you fail to repay a secured loan then the creditor can claim the asset it was secured on (in this case a car). With payday loans the loan is unsecured meaning that is you default the creditor has a general claim on all of your assets.
Both logbook loans and payday loans are available to people with bad credit, and both accept borrowers who have been refused credit in the past. Although m
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Early this year the government announced that it was taking over the stricken bank Northern Rock, and passed legislation to allow the rapid nationalisation of the bank. The government has now used this same legislation to rush through the nationalisation of another struggling lender, the Bradford & Bingley. The government has announced that it is taking over the loan books of the bank, which stand at £50 billion, much of which has been lent to buy to let investors.
The savings account arm of Bradford & Bingley, said to be worth around £20 billion, is being bought by the high street bank Abbey, which is owned by the Spanish bank Santander. O
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Nine Regions Ltd (Logbook Loans Ltd) appears to have lost its appeal against the removal of its consumer credit licence following a long court battle against the Office of Fair Trading (OFT).
Iain Shearer (Logbook Loans Director)
The latest information to emerge, and reported widely on the daily mirrors investigative blog “Penman & Sommerlad Investigate” was the fact that Nine Regions Ltd had admitted to sending thousands of letters to borrowers from a firm by the name of Adams Spencer & Phillips (Legal Services) Limited (‘ASP’) falsely threatening legal action against customers that were falling behind on there payments even though the company (now known to be run by Nine Regions Ltd themselves) had nobody qualified to bring court action. Almost
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Price has been an important factor in buying decisions ever since the recession in 2008. However, selling solely on price has large disadvantages for merchants, not the least of which is reduced profits. This year, merchants have taken to offering huge deals early and often in a bid to get shoppers into their stores. That strategy has paid off in more sales, but now consumers are starting to expect these deals and are becoming resistant to paying full price.
Finding the Best Deal
Consumers are now almost hardwired to look for the best deal. They’ve pulled out all the stops from camping out at their favorite stores the night before a Black Friday sale to using cell phones to compare prices before actually making a purchase in-store. Stores have gotten very creative at generating consumer interest, but it almost always has to be attached to a very, very, low price. H
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— Caitlyn Bundey @ 7:09 pm — 
January 23, 2012