Logbook Loans Ltd

post — Caitlyn Bundey @ 9:38 pm — post Comments (0)
postSeptember 25, 2011

The logbook loans UK industry has only a handful of real lenders.  You can compare the top lenders on this website’s loan comparison table.  However, if you type “logbook loans” into Google you will come across a huge number of websites and adverts offering them.  Most of these sites are logbook loans brokers rather than lenders, and many of them just pass on your details to one of the actual lenders.

The most established and longest standing lender is Logbook Loans Ltd.  This does not of course mean they are necessarily better, anyone thinking about borrowing will need to do their own due diligence  as they would with any other form of personal loans.  Logbook Loans Ltd have a lot of brokers sending them leads so chances are that one of the broker websites found online or in online adverts will eventually end up with them.  For obvious reasons many people prefer to deal with the lender directly and cut out the middleman.  This means there are less people with a copy of your personal details and therefore less chance of them being lost or misused, an especially big worry when dealing with personal finances online.

Logbook Loans Ltd have been involved in several legal challenges recently and there have been a number of logbook loans complaints made against them.  However at present they still have their Consumer Credit License and are legally entitled to continue trading.  There are other lenders to choose from in the UK and can be compared on this website.  All lenders and brokers are regulated by the Office Of Fair Trading and further details can be found at their website.

Several forum debates and articles can be found online about Logbook Loans Ltd, for example Money Saving Expert and such personal finance sites.

CompareLogbookLoans.co.uk is an independent financial comparison site and doesn’t issue loans or give financial advice.  All loans are issued by 3rd party lenders.

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